IShares Digital (France) Performance
| DGGE Etf | 8.99 0.05 0.56% |
The etf retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Digital is expected to be smaller as well.
Risk-Adjusted Performance
30 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in iShares Digital Entertainment are ranked lower than 30 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, IShares Digital sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
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IShares Digital Relative Risk vs. Return Landscape
If you would invest 736.00 in iShares Digital Entertainment on September 13, 2024 and sell it today you would earn a total of 163.00 from holding iShares Digital Entertainment or generate 22.15% return on investment over 90 days. iShares Digital Entertainment is generating 0.3163% of daily returns and assumes 0.8154% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than IShares, and 94% 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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IShares Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Digital's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as iShares Digital Entertainment, and traders can use it to determine the average amount a IShares Digital'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 = 0.3879
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Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.39 actual daily | 30 70% of assets perform better |
Based on monthly moving average IShares Digital is performing at about 30% 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 IShares Digital by adding it to a well-diversified portfolio.