CoreShares Income (South Africa) Performance
| INCOME Etf | 1,050 2.00 0.19% |
The etf shows a Beta (market volatility) of 0.0423, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CoreShares Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreShares Income is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in CoreShares Income AMETF are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, CoreShares Income is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
CoreShares |
CoreShares Income Relative Risk vs. Return Landscape
If you would invest 104,781 in CoreShares Income AMETF on September 3, 2024 and sell it today you would earn a total of 219.00 from holding CoreShares Income AMETF or generate 0.21% return on investment over 90 days. CoreShares Income AMETF is generating 0.0036% of daily returns and assumes 0.2693% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than CoreShares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CoreShares Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreShares Income's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CoreShares Income AMETF, and traders can use it to determine the average amount a CoreShares Income'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 = 0.0134
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Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average CoreShares Income is performing at about 1% 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 CoreShares Income by adding it to a well-diversified portfolio.