MTrack Energy (Thailand) Performance
| ENGY Etf | THB 5.11 0.02 0.39% |
The etf secures a Beta (Market Risk) of -0.0905, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MTrack Energy are expected to decrease at a much lower rate. During the bear market, MTrack Energy is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days MTrack Energy ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, MTrack Energy is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Fifty Two Week Low | 5.69 | |
| Fifty Two Week High | 8.48 |
MTrack |
MTrack Energy Relative Risk vs. Return Landscape
If you would invest 513.00 in MTrack Energy ETF on January 30, 2024 and sell it today you would lose (2.00) from holding MTrack Energy ETF or give up 0.39% of portfolio value over 90 days. MTrack Energy ETF is generating negative expected returns and assumes 0.8736% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than MTrack, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MTrack Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTrack Energy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MTrack Energy ETF, and traders can use it to determine the average amount a MTrack Energy'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 = -0.0031
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ENGY |
Estimated Market Risk
| 0.87 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MTrack Energy 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 MTrack Energy by adding MTrack Energy to a well-diversified portfolio.
MTrack Energy Fundamentals Growth
MTrack Etf prices reflect investors' perceptions of the future prospects and financial health of MTrack Energy, and MTrack Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MTrack Etf performance.
| Total Asset | 91.52 M | |||
About MTrack Energy Performance
To evaluate MTrack Energy ETF Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when MTrack Energy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare MTrack Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand MTrack Energy ETF market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents MTrack's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The investment seeks to track the price and yield performance, before fees and expense, of the SET Energy and Utility Sector index. MTrack Energy is traded on Stock Exchange of Thailand in Thailand.| MTrack Energy ETF generated a negative expected return over the last 90 days | |
| The fund retains 96.35% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MTrack Energy ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.