CTBC Banking (Taiwan) Performance
| 00773B Etf | 36.14 0.27 0.75% |
The etf owns a Beta (Systematic Risk) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CTBC Banking's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTBC Banking is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days CTBC Banking Senior has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, CTBC Banking 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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CTBC Banking Relative Risk vs. Return Landscape
If you would invest 3,649 in CTBC Banking Senior on January 30, 2024 and sell it today you would lose (35.00) from holding CTBC Banking Senior or give up 0.96% of portfolio value over 90 days. CTBC Banking Senior is generating negative expected returns and assumes 0.4976% volatility on return distribution over the 90 days horizon. Simply put, 4% of etfs are less volatile than CTBC, 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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CTBC Banking Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTBC Banking's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CTBC Banking Senior, and traders can use it to determine the average amount a CTBC Banking'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 = -0.0321
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| Negative Returns | 00773B |
Estimated Market Risk
| 0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CTBC Banking is not performing at its full potential. However, 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 CTBC Banking by adding CTBC Banking to a well-diversified portfolio.
| CTBC Banking Senior generated a negative expected return over the last 90 days |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the CTBC Banking Senior information on this page should be used as a complementary analysis to other CTBC Banking's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..