EN EXPAND (Norway) Performance

The index owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. Let's try to break down what EN EXPAND's beta means in this case. the returns on MARKET and EN EXPAND are completely uncorrelated. Although it is important to respect EN EXPAND ALL existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The way in which we are predicting future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining EN EXPAND ALL technical indicators, you can at this moment evaluate if the expected return of 0.0% will be sustainable into the future.
  

EN EXPAND Relative Risk vs. Return Landscape

If you would invest  11,828  in EN EXPAND ALL S GR on May 16, 2022 and sell it today you would lose (1,890)  from holding EN EXPAND ALL S GR or give up 15.98% of portfolio value over 90 days. EN EXPAND ALL S GR is generating negative expected returns and assumes 2.5036% volatility on return distribution over the 90 days horizon. Simply put, 21% of indexs are less volatile than EN EXPAND, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon EN EXPAND is expected to under-perform the market. In addition to that, the company is 2.0 times more volatile than its market benchmark. It trades about -0.17 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of volatility.

EN EXPAND Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for EN EXPAND's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as EN EXPAND ALL S GR, and traders can use it to determine the average amount a EN EXPAND'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 = -0.1703

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Estimated Market Risk
 2.5
  actual daily
 
 21 %
of total potential
 
2121
Expected Return
 -0.43
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.17
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 0 %
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00
Based on monthly moving average EN EXPAND is performing at about 0% 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 EN EXPAND by adding it to a well-diversified portfolio.

About EN EXPAND Performance

To evaluate EN EXPAND ALL Index as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when EN EXPAND generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare EN EXPAND Index's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand EN EXPAND ALL stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents EN EXPAND's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about EN EXPAND ALL

Checking the ongoing alerts about EN EXPAND for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EN EXPAND ALL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

EN EXPAND Alerts

Equity Alerts and Improvement Suggestions

EN EXPAND ALL generated a negative expected return over the last 90 days
Please check Your Equity Center. Note that the EN EXPAND ALL information on this page should be used as a complementary analysis to other EN EXPAND's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Tools for EN EXPAND Index

When running EN EXPAND ALL price analysis, check to measure EN EXPAND's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EN EXPAND is operating at the current time. Most of EN EXPAND's value examination focuses on studying past and present price action to predict the probability of EN EXPAND's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EN EXPAND's price. Additionally, you may evaluate how the addition of EN EXPAND to your portfolios can decrease your overall portfolio volatility.
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