FNB ETN (South Africa) Performance
| GSETNQ Etf | 3,241 15.00 0.46% |
The etf owns a Beta (Systematic Risk) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FNB ETN are expected to decrease at a much lower rate. During the bear market, FNB ETN is likely to outperform the market.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in FNB ETN GSACHSQ are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, FNB ETN sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
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FNB ETN Relative Risk vs. Return Landscape
If you would invest 272,100 in FNB ETN GSACHSQ on August 28, 2024 and sell it today you would earn a total of 52,000 from holding FNB ETN GSACHSQ or generate 19.11% return on investment over 90 days. FNB ETN GSACHSQ is generating 0.7529% of daily returns and assumes 3.351% volatility on return distribution over the 90 days horizon. Simply put, 29% of etfs are less volatile than FNB, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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FNB ETN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNB ETN's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as FNB ETN GSACHSQ, and traders can use it to determine the average amount a FNB ETN'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 = 0.2247
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Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average FNB ETN is performing at about 17% 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 FNB ETN by adding it to a well-diversified portfolio.
About FNB ETN Performance
By analyzing FNB ETN's fundamental ratios, stakeholders can gain valuable insights into FNB ETN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if FNB ETN has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if FNB ETN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| FNB ETN GSACHSQ is not yet fully synchronised with the market data | |
| FNB ETN GSACHSQ appears to be risky and price may revert if volatility continues |
Other Information on Investing in FNB Etf
FNB ETN financial ratios help investors to determine whether FNB 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 FNB with respect to the benefits of owning FNB ETN security.