GSETNC (South Africa) Performance
| GSETNC Etf | 3,666 11.00 0.30% |
The etf retains a Market Volatility (i.e., Beta) of -0.0547, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GSETNC are expected to decrease at a much lower rate. During the bear market, GSETNC is likely to outperform the market.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in GSETNC are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, GSETNC sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
GSETNC |
GSETNC Relative Risk vs. Return Landscape
If you would invest 301,100 in GSETNC on September 1, 2024 and sell it today you would earn a total of 65,500 from holding GSETNC or generate 21.75% return on investment over 90 days. GSETNC is generating 0.6633% of daily returns and assumes 3.1743% volatility on return distribution over the 90 days horizon. Simply put, 28% of etfs are less volatile than GSETNC, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
GSETNC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GSETNC's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as GSETNC, and traders can use it to determine the average amount a GSETNC'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 = 0.209
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.17 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.66 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average GSETNC is performing at about 16% 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 GSETNC by adding it to a well-diversified portfolio.
About GSETNC Performance
By analyzing GSETNC's fundamental ratios, stakeholders can gain valuable insights into GSETNC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GSETNC has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if GSETNC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| GSETNC appears to be risky and price may revert if volatility continues |
Other Information on Investing in GSETNC Etf
GSETNC financial ratios help investors to determine whether GSETNC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GSETNC with respect to the benefits of owning GSETNC security.