Ishares Gold Bullion Etf Performance
| CGL-C Etf | CAD 31.51 0.29 0.93% |
The etf retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Gold are expected to decrease at a much lower rate. During the bear market, IShares Gold is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in iShares Gold Bullion are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, IShares Gold may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Top Commodity ETFs in Canada 2024 - The Motley Fool Canada | 09/16/2024 |
IShares |
IShares Gold Relative Risk vs. Return Landscape
If you would invest 2,866 in iShares Gold Bullion on August 24, 2024 and sell it today you would earn a total of 285.00 from holding iShares Gold Bullion or generate 9.94% return on investment over 90 days. iShares Gold Bullion is generating 0.1539% of daily returns and assumes 0.8171% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than IShares, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
IShares Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as iShares Gold Bullion, and traders can use it to determine the average amount a IShares Gold'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 = 0.1883
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | CGL-C | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average IShares Gold is performing at about 14% 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 IShares Gold by adding it to a well-diversified portfolio.
IShares Gold Fundamentals Growth
IShares Etf prices reflect investors' perceptions of the future prospects and financial health of IShares Gold, and IShares Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on IShares Etf performance.
| Total Asset | 524.67 M | |||
About IShares Gold Performance
Assessing IShares Gold's fundamental ratios provides investors with valuable insights into IShares Gold's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the IShares Gold is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to replicate, net of expenses, the price of gold bullion. ISHARES GOLD is traded on Toronto Stock Exchange in Canada.| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in IShares Etf
IShares Gold financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares Gold security.