Utilities Select Sector Index Performance
| SIXU Index | 785.88 6.52 0.82% |
The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Utilities Select are completely uncorrelated.
Utilities Select Relative Risk vs. Return Landscape
If you would invest 77,963 in Utilities Select Sector on September 12, 2024 and sell it today you would earn a total of 2,319 from holding Utilities Select Sector or generate 2.97% return on investment over 90 days. Utilities Select Sector is generating 0.0529% of daily returns and assumes 1.0666% volatility on return distribution over the 90 days horizon. Simply put, 9% of indexs are less volatile than Utilities, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Utilities Select Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Utilities Select's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as Utilities Select Sector, and traders can use it to determine the average amount a Utilities Select'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 = 0.0496
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Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Utilities Select is performing at about 3% 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 Utilities Select by adding it to a well-diversified portfolio.