SPDR SPASX (Australia) Performance
| GOVT Etf | 24.10 0.02 0.08% |
The entity has a beta of -0.021, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR SPASX are expected to decrease at a much lower rate. During the bear market, SPDR SPASX is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days SPDR SPASX Australian has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SPDR SPASX is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
SPDR |
SPDR SPASX Relative Risk vs. Return Landscape
If you would invest 2,433 in SPDR SPASX Australian on September 1, 2024 and sell it today you would lose (23.00) from holding SPDR SPASX Australian or give up 0.95% of portfolio value over 90 days. SPDR SPASX Australian is generating negative expected returns and assumes 0.2937% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than SPDR, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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SPDR SPASX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SPASX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SPASX Australian, and traders can use it to determine the average amount a SPDR SPASX'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 = -0.0476
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| Negative Returns | GOVT |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR SPASX is not performing at its full potential. However, 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 SPASX by adding SPDR SPASX to a well-diversified portfolio.
SPDR SPASX Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR SPASX, and SPDR SPASX fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Etf performance.
About SPDR SPASX Performance
Assessing SPDR SPASX's fundamental ratios provides investors with valuable insights into SPDR SPASX's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the SPDR SPASX is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
SPDR SPASX is entity of Australia. It is traded as Etf on AU exchange.| SPDR SPASX generated a negative expected return over the last 90 days | |
| SPDR SPASX Australian generated five year return of -2.0% |
Other Information on Investing in SPDR Etf
SPDR SPASX financial ratios help investors to determine whether SPDR Etf 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 SPDR with respect to the benefits of owning SPDR SPASX security.