Coreshares Index (South Africa) Performance

APACXJ Etf   1,045  7.00  0.67%   
The etf shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coreshares Index returns are expected to increase less than the market. However, during the bear market, the loss on holding Coreshares Index will be expected to be smaller as well. Although it is important to respect Coreshares Index Tracker historical returns, it is better to be realistic regarding the information on the equity's current trending patterns.

Risk-Adjusted Performance

13 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Coreshares Index Tracker are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Coreshares Index may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more

Coreshares Index Relative Risk vs. Return Landscape

If you would invest  95,754  in Coreshares Index Tracker on December 5, 2023 and sell it today you would earn a total of  8,746  from holding Coreshares Index Tracker or generate 9.13% return on investment over 90 days. Coreshares Index Tracker is generating 0.1471% of daily returns and assumes 0.8677% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than Coreshares, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
Assuming the 90 days trading horizon Coreshares Index is expected to generate 1.07 times less return on investment than the market. In addition to that, the company is 1.37 times more volatile than its market benchmark. It trades about 0.17 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.25 per unit of volatility.

Coreshares Index Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Coreshares Index's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Coreshares Index Tracker, and traders can use it to determine the average amount a Coreshares Index'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 = 0.1695

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Estimated Market Risk

  actual daily
93% of assets are more volatile

Expected Return

  actual daily
98% of assets have higher returns

Risk-Adjusted Return

  actual daily
87% of assets perform better
Based on monthly moving average Coreshares Index is performing at about 13% 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 Coreshares Index by adding it to a well-diversified portfolio.

Things to note about Coreshares Index Tracker performance evaluation

Checking the ongoing alerts about Coreshares Index for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Coreshares Index Tracker help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Coreshares Index's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Coreshares Index's etf performance include:
  • Analyzing Coreshares Index's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Coreshares Index's stock is overvalued or undervalued compared to its peers.
  • Examining Coreshares Index's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Coreshares Index's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Coreshares Index's management team can help you assess the ETF's leadership.
  • Pay attention to analyst opinions and ratings of Coreshares Index's etf. These opinions can provide insight into Coreshares Index's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Coreshares Index's etf performance is not an exact science, and many factors can impact Coreshares Index's etf market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 interest.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Coreshares Etf analysis

When running Coreshares Index's price analysis, check to measure Coreshares Index's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coreshares Index is operating at the current time. Most of Coreshares Index's value examination focuses on studying past and present price action to predict the probability of Coreshares Index's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coreshares Index's price. Additionally, you may evaluate how the addition of Coreshares Index to your portfolios can decrease your overall portfolio volatility.
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