Dataax Fund Manager Performance Evaluation
| DATAAX Fund | 10.64 0.02 0.19% |
The fund shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dataax are expected to decrease at a much lower rate. During the bear market, Dataax is likely to outperform the market.
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.
...moreDataax |
Dataax Relative Risk vs. Return Landscape
If you would invest 826.00 in Dataax on April 27, 2025 and sell it today you would earn a total of 236.00 from holding Dataax or generate 28.57% return on investment over 90 days. Dataax is generating 0.4563% of daily returns assuming 1.1532% 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 |
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 = 0.3956
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | DATAAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
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.
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 |
- 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.
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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