Scotia International Equity Etf Performance

SITI Etf   27.47  0.01  0.04%   
The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scotia International are expected to decrease at a much lower rate. During the bear market, Scotia International is likely to outperform the market.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Scotia International Equity are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound technical and fundamental indicators, Scotia International is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
  

Scotia International Relative Risk vs. Return Landscape

If you would invest  2,673  in Scotia International Equity on September 7, 2024 and sell it today you would earn a total of  74.00  from holding Scotia International Equity or generate 2.77% return on investment over 90 days. Scotia International Equity is generating 0.0445% of daily returns and assumes 0.6074% volatility on return distribution over the 90 days horizon. Simply put, 5% of etfs are less volatile than Scotia, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Scotia International is expected to generate 3.29 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.19 times less risky than the market. It trades about 0.07 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.2 of returns per unit of risk over similar time horizon.

Scotia International Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Scotia International's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Scotia International Equity, and traders can use it to determine the average amount a Scotia International'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 = 0.0733

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Negative ReturnsSITI

Estimated Market Risk

 0.61
  actual daily
5
95% of assets are more volatile

Expected Return

 0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average Scotia International is performing at about 5% 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 Scotia International by adding it to a well-diversified portfolio.

About Scotia International Performance

By analyzing Scotia International's fundamental ratios, stakeholders can gain valuable insights into Scotia International's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Scotia International 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 Scotia International has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.