NewFunds MAPPS (South Africa) Performance
| STXMAG Etf | 3,280 5.00 0.15% |
The etf secures a Beta (Market Risk) of 0.0292, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewFunds MAPPS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewFunds MAPPS 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 NewFunds MAPPS Growth are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong primary indicators, NewFunds MAPPS is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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NewFunds MAPPS Relative Risk vs. Return Landscape
If you would invest 322,200 in NewFunds MAPPS Growth on August 30, 2024 and sell it today you would earn a total of 5,800 from holding NewFunds MAPPS Growth or generate 1.8% return on investment over 90 days. NewFunds MAPPS Growth is generating 0.0316% of daily returns and assumes 0.8668% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than NewFunds, 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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NewFunds MAPPS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewFunds MAPPS's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewFunds MAPPS Growth, and traders can use it to determine the average amount a NewFunds MAPPS'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 = 0.0364
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Estimated Market Risk
| 0.87 actual daily | 7 93% 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 | 2 98% of assets perform better |
Based on monthly moving average NewFunds MAPPS 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 NewFunds MAPPS by adding it to a well-diversified portfolio.