Firetrail (Australia) Performance
| S3GO Etf | 6.64 0.04 0.60% |
The etf shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Firetrail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Firetrail is expected to be smaller as well.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Firetrail S3 Global are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Firetrail is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Firetrail |
Firetrail Relative Risk vs. Return Landscape
If you would invest 654.00 in Firetrail S3 Global on December 1, 2024 and sell it today you would earn a total of 10.00 from holding Firetrail S3 Global or generate 1.53% return on investment over 90 days. Firetrail S3 Global is generating 0.0269% of daily returns and assumes 0.6948% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than Firetrail, and 99% 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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Firetrail Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firetrail's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Firetrail S3 Global, and traders can use it to determine the average amount a Firetrail'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 = 0.0386
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | S3GO |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Firetrail is performing at about 3% 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 Firetrail by adding it to a well-diversified portfolio.
About Firetrail Performance
Assessing Firetrail's fundamental ratios provides investors with valuable insights into Firetrail's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Firetrail is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Firetrail is entity of Australia. It is traded as Etf on AU exchange.