CoreShares Income (South Africa) Performance
| INCOME Etf | 1,050 2.00 0.19% |
The etf shows a Beta (market volatility) of -0.0469, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CoreShares Income are expected to decrease at a much lower rate. During the bear market, CoreShares Income is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days CoreShares Income AMETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, CoreShares Income is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
CoreShares |
CoreShares Income Relative Risk vs. Return Landscape
If you would invest 105,081 in CoreShares Income AMETF on September 4, 2024 and sell it today you would lose (81.00) from holding CoreShares Income AMETF or give up 0.08% of portfolio value over 90 days. CoreShares Income AMETF is generating negative expected returns and assumes 0.269% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than CoreShares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CoreShares Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreShares Income's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CoreShares Income AMETF, and traders can use it to determine the average amount a CoreShares Income'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 = -0.0032
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | INCOME |
Estimated Market Risk
| 0.27 actual daily | 2 98% 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 CoreShares Income 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 CoreShares Income by adding CoreShares Income to a well-diversified portfolio.
| CoreShares Income generated a negative expected return over the last 90 days |