N2ET34 (Brazil) Performance
| N2ET34 Stock | 39.96 1.80 4.72% |
On a scale of 0 to 100, N2ET34 holds a performance score of 18. The firm secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning N2ET34 are expected to decrease at a much lower rate. During the bear market, N2ET34 is likely to outperform the market. Please check N2ET34's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether N2ET34's current price movements will revert.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in N2ET34 are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak technical and fundamental indicators, N2ET34 sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
N2ET34 |
N2ET34 Relative Risk vs. Return Landscape
If you would invest 2,488 in N2ET34 on September 19, 2024 and sell it today you would earn a total of 1,508 from holding N2ET34 or generate 60.61% return on investment over 90 days. N2ET34 is generating 0.8259% of daily returns and assumes 3.5201% volatility on return distribution over the 90 days horizon. Simply put, 31% of stocks are less volatile than N2ET34, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
N2ET34 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for N2ET34's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as N2ET34, and traders can use it to determine the average amount a N2ET34'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 = 0.2346
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Estimated Market Risk
| 3.52 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average N2ET34 is performing at about 18% 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 N2ET34 by adding it to a well-diversified portfolio.
Things to note about N2ET34 performance evaluation
Checking the ongoing alerts about N2ET34 for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for N2ET34 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| N2ET34 appears to be risky and price may revert if volatility continues |
- Analyzing N2ET34's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether N2ET34's stock is overvalued or undervalued compared to its peers.
- Examining N2ET34's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating N2ET34's management team can have a significant impact on its success or failure. Reviewing the track record and experience of N2ET34's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of N2ET34's stock. These opinions can provide insight into N2ET34's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for N2ET34 Stock analysis
When running N2ET34's price analysis, check to measure N2ET34's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy N2ET34 is operating at the current time. Most of N2ET34's value examination focuses on studying past and present price action to predict the probability of N2ET34's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move N2ET34's price. Additionally, you may evaluate how the addition of N2ET34 to your portfolios can decrease your overall portfolio volatility.
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