516220 (China) Performance
| 516220 Etf | 0.63 0.01 1.61% |
The entity owns a Beta (Systematic Risk) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 516220 are expected to decrease at a much lower rate. During the bear market, 516220 is likely to outperform the market.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days 516220 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more
516220 |
516220 Relative Risk vs. Return Landscape
If you would invest 68.00 in 516220 on November 6, 2024 and sell it today you would lose (5.00) from holding 516220 or give up 7.35% of portfolio value over 90 days. 516220 is generating negative expected returns and assumes 1.285% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than 516220, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
516220 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 516220's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 516220, and traders can use it to determine the average amount a 516220's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0943
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| Negative Returns | 516220 |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 516220 is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 516220 by adding 516220 to a well-diversified portfolio.
| 516220 generated a negative expected return over the last 90 days | |
| 516220 has some characteristics of a very speculative penny stock |