Spdr Galaxy Transformative Etf Performance
| TEKX Etf | 34.59 1.06 3.16% |
The entity has a beta of 1.45, 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
22 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR Galaxy Transformative are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent forward-looking signals, SPDR Galaxy showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | 4,128,000,000,000 Titan State Street Launching Three New Crypto ETFs Managed by Galaxy Asset Management - The Daily Hodl | 09/10/2024 |
2 | Galaxy and State Street Launch 3 Crypto ETFs - ihodl.com | 09/11/2024 |
SPDR |
SPDR Galaxy Relative Risk vs. Return Landscape
If you would invest 2,516 in SPDR Galaxy Transformative on August 25, 2024 and sell it today you would earn a total of 943.00 from holding SPDR Galaxy Transformative or generate 37.48% return on investment over 90 days. SPDR Galaxy Transformative is currently generating 0.6024% in daily expected returns and assumes 2.1365% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of etfs are less volatile than SPDR, and 88% 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 Transformative, 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 = 0.282
| Best Portfolio | Best Equity | |||
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| Small Returns | TEKX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.6 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average SPDR Galaxy is performing at about 22% 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.
About SPDR Galaxy Performance
Evaluating SPDR Galaxy's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if SPDR Galaxy 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 SPDR Galaxy 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.
SPDR Galaxy is entity of United States. It is traded as Etf on NASDAQ exchange.