Phlx Oil Service Index Performance
| OSX Index | 76.37 0.76 0.99% |
The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PHLX Oil are completely uncorrelated.
PHLX Oil Relative Risk vs. Return Landscape
If you would invest 7,372 in PHLX Oil Service on September 13, 2024 and sell it today you would earn a total of 206.00 from holding PHLX Oil Service or generate 2.79% return on investment over 90 days. PHLX Oil Service is generating 0.063% of daily returns and assumes 1.9492% volatility on return distribution over the 90 days horizon. Simply put, 17% of indexs are less volatile than PHLX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PHLX Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHLX Oil's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as PHLX Oil Service, and traders can use it to determine the average amount a PHLX Oil'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 = 0.0323
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| Cash | Small Risk | OSX | High Risk | Huge Risk |
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average PHLX Oil is performing at about 2% 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 PHLX Oil by adding it to a well-diversified portfolio.