Discovery Balanced (South Africa) Manager Performance Evaluation
| 0P0000IR2N | 3.03 0.02 0.66% |
The fund shows a Beta (market volatility) of 0.0222, which means not very significant fluctuations relative to the market. As returns on the market increase, Discovery Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Discovery Balanced is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Discovery Balanced are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. Despite fairly strong basic indicators, Discovery Balanced is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
...moreDiscovery |
Discovery Balanced Relative Risk vs. Return Landscape
If you would invest 287.00 in Discovery Balanced on September 13, 2024 and sell it today you would earn a total of 16.00 from holding Discovery Balanced or generate 5.57% return on investment over 90 days. Discovery Balanced is generating 0.0903% of daily returns and assumes 0.5231% volatility on return distribution over the 90 days horizon. Simply put, 4% of funds are less volatile than Discovery, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Discovery Balanced Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Discovery Balanced's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Discovery Balanced, and traders can use it to determine the average amount a Discovery Balanced'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 = 0.1727
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Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Discovery Balanced 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 Discovery Balanced by adding it to a well-diversified portfolio.
Things to note about Discovery Balanced performance evaluation
Checking the ongoing alerts about Discovery Balanced for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Discovery Balanced help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Discovery Balanced's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Discovery Balanced's fund performance include:- Analyzing Discovery Balanced'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 Discovery Balanced's stock is overvalued or undervalued compared to its peers.
- Examining Discovery Balanced'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 Discovery Balanced's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Discovery Balanced's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Discovery Balanced's fund. These opinions can provide insight into Discovery Balanced's potential for growth and whether the stock is currently undervalued or overvalued.
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