Megashort Canadian Gold Etf Performance
| CGMD Etf | 1.21 0.07 5.47% |
The etf secures a Beta (Market Risk) of -1.36, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MegaShort Canadian are expected to decrease by larger amounts. On the other hand, during market turmoil, MegaShort Canadian is expected to outperform it.
Risk-Adjusted Performance
Weakest
Weak | Strong |
Over the last 90 days MegaShort Canadian Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Etf's basic indicators remain very healthy which may send shares a bit higher in February 2026. The recent disarray may also be a sign of long period up-swing for the ETF investors. ...more
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MegaShort |
MegaShort Canadian Relative Risk vs. Return Landscape
If you would invest 410.00 in MegaShort Canadian Gold on October 23, 2025 and sell it today you would lose (289.00) from holding MegaShort Canadian Gold or give up 70.49% of portfolio value over 90 days. MegaShort Canadian Gold is generating negative expected returns and assumes 6.6484% volatility on return distribution over the 90 days horizon. Simply put, 59% of etfs are less volatile than MegaShort, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MegaShort Canadian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MegaShort Canadian's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MegaShort Canadian Gold, and traders can use it to determine the average amount a MegaShort Canadian'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 = -0.2594
| High Returns | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CGMD |
Estimated Market Risk
| 6.65 actual daily | 59 59% of assets are less volatile |
Expected Return
| -1.72 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MegaShort Canadian 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 MegaShort Canadian by adding MegaShort Canadian to a well-diversified portfolio.
| MegaShort Canadian generated a negative expected return over the last 90 days | |
| MegaShort Canadian has high historical volatility and very poor performance | |
| MegaShort Canadian may become a speculative penny stock |