Forstrong Global Income Etf Performance
| FINC Etf | 21.62 0.09 0.41% |
The etf shows a Beta (market volatility) of -0.0925, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Forstrong Global are expected to decrease at a much lower rate. During the bear market, Forstrong Global is likely to outperform the market.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Forstrong Global Income are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Forstrong Global is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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Forstrong |
Forstrong Global Relative Risk vs. Return Landscape
If you would invest 2,126 in Forstrong Global Income on August 27, 2024 and sell it today you would earn a total of 36.00 from holding Forstrong Global Income or generate 1.69% return on investment over 90 days. Forstrong Global Income is generating 0.0274% of daily returns and assumes 0.2664% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than Forstrong, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Forstrong Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forstrong Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Forstrong Global Income, and traders can use it to determine the average amount a Forstrong Global'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 = 0.103
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FINC |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Forstrong Global is performing at about 8% 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 Forstrong Global by adding it to a well-diversified portfolio.