Dataax Fund Manager Performance Evaluation

DATAAX Fund   10.64  0.02  0.19%   
The fund shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Dataax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dataax is expected to be smaller as well.

Risk-Adjusted Performance

Very Strong

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Dataax are ranked lower than 31 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Dataax showed solid returns over the last few months and may actually be approaching a breakup point.
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Dataax Relative Risk vs. Return Landscape

If you would invest  826.00  in Dataax on April 28, 2025 and sell it today you would earn a total of  238.00  from holding Dataax or generate 28.81% return on investment over 90 days. Dataax is generating 0.4596% of daily returns assuming 1.1516% volatility of returns over the 90 days investment horizon. Simply put, 10% of all funds have less volatile historical return distribution than Dataax, and 91% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days trading horizon Dataax is expected to generate 1.48 times more return on investment than the market. However, the company is 1.48 times more volatile than its market benchmark. It trades about 0.4 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.23 per unit of risk.

Dataax Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dataax's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Dataax, and traders can use it to determine the average amount a Dataax'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 = 0.3991

Best PortfolioBest Equity
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Estimated Market Risk

 1.15
  actual daily
10
90% of assets are more volatile

Expected Return

 0.46
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.4
  actual daily
31
69% of assets perform better
Based on monthly moving average Dataax is performing at about 31% 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 Dataax by adding it to a well-diversified portfolio.

About Dataax Performance

Evaluating Dataax's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Dataax 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 Dataax has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Dataax is entity of United States. It is traded as Fund on NMFQS exchange.

Things to note about Dataax performance evaluation

Checking the ongoing alerts about Dataax for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Dataax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Dataax is showing solid risk-adjusted performance over 90 days
Evaluating Dataax's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Dataax's fund performance include:
  • Analyzing Dataax'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 Dataax's stock is overvalued or undervalued compared to its peers.
  • Examining Dataax'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 Dataax's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Dataax's management team can help you assess the Fund's leadership.
  • Pay attention to analyst opinions and ratings of Dataax's fund. These opinions can provide insight into Dataax's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Dataax's fund performance is not an exact science, and many factors can impact Dataax's fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Dataax Fund

Dataax financial ratios help investors to determine whether Dataax Fund 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 Dataax with respect to the benefits of owning Dataax security.
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