Spdr Galaxy Digital Etf Performance
| DECO Etf | 38.07 0.19 0.50% |
The entity has a beta of 2.09, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR Galaxy will likely underperform.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR Galaxy Digital are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental indicators, SPDR Galaxy displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
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SPDR |
SPDR Galaxy Relative Risk vs. Return Landscape
If you would invest 2,529 in SPDR Galaxy Digital on September 5, 2024 and sell it today you would earn a total of 1,278 from holding SPDR Galaxy Digital or generate 50.53% return on investment over 90 days. SPDR Galaxy Digital is currently generating 0.7173% in daily expected returns and assumes 3.0492% risk (volatility on return distribution) over the 90 days horizon. In different words, 27% of etfs are less volatile than SPDR, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
SPDR Galaxy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Galaxy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR Galaxy Digital, and traders can use it to determine the average amount a SPDR Galaxy'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 = 0.2353
| Best Portfolio | Best Equity | |||
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| Small Returns | DECO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average SPDR Galaxy is performing at about 18% 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 SPDR Galaxy by adding it to a well-diversified portfolio.
| SPDR Galaxy Digital appears to be risky and price may revert if volatility continues |