517990 (China) Performance
| 517990 Etf | 0.74 0.03 3.90% |
The entity owns a Beta (Systematic Risk) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 517990 are expected to decrease at a much lower rate. During the bear market, 517990 is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in 517990 are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, 517990 sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
517990 |
517990 Relative Risk vs. Return Landscape
If you would invest 65.00 in 517990 on August 26, 2024 and sell it today you would earn a total of 9.00 from holding 517990 or generate 13.85% return on investment over 90 days. 517990 is generating 0.2598% of daily returns and assumes 2.8713% volatility on return distribution over the 90 days horizon. Simply put, 25% of etfs are less volatile than 517990, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
517990 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 517990's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 517990, and traders can use it to determine the average amount a 517990'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 = 0.0905
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 517990 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average 517990 is performing at about 7% of its full potential. 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 517990 by adding it to a well-diversified portfolio.
| 517990 has some characteristics of a very speculative penny stock |