Tappalpha Spy Growth Etf Performance
| TSPY Etf | 26.32 0.22 0.84% |
The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TappAlpha SPY's returns are expected to increase less than the market. However, during the bear market, the loss of holding TappAlpha SPY is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in TappAlpha SPY Growth are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, TappAlpha SPY may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | SPY ETF Update, 9262024 - Nasdaq | 09/26/2024 |
2 | TappAlpha Announces First Monthly Distribution for TappAlpha SPY Growth Daily Income ETF | 10/04/2024 |
3 | TappAlpha SPY Growth Daily Income ETF Declares Dividend of 0.28 | 11/06/2024 |
4 | TappAlpha Announces Second Monthly Distribution for TappAlpha SPY Growth Daily Income ETF | 11/07/2024 |
TappAlpha |
TappAlpha SPY Relative Risk vs. Return Landscape
If you would invest 2,397 in TappAlpha SPY Growth on September 3, 2024 and sell it today you would earn a total of 235.00 from holding TappAlpha SPY Growth or generate 9.8% return on investment over 90 days. TappAlpha SPY Growth is currently generating 0.1487% in daily expected returns and assumes 0.7025% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than TappAlpha, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
TappAlpha SPY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for TappAlpha SPY's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as TappAlpha SPY Growth, and traders can use it to determine the average amount a TappAlpha SPY'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 = 0.2116
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | TSPY | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average TappAlpha SPY is performing at about 16% 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 TappAlpha SPY by adding it to a well-diversified portfolio.
About TappAlpha SPY Performance
Evaluating TappAlpha SPY's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if TappAlpha SPY 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 TappAlpha SPY 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.
TappAlpha SPY is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from finance.yahoo.com: TappAlpha Announces Second Monthly Distribution for TappAlpha SPY Growth Daily Income ETF |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TappAlpha SPY Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of TappAlpha SPY Growth is measured differently than its book value, which is the value of TappAlpha that is recorded on the company's balance sheet. Investors also form their own opinion of TappAlpha SPY's value that differs from its market value or its book value, called intrinsic value, which is TappAlpha SPY's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TappAlpha SPY's market value can be influenced by many factors that don't directly affect TappAlpha SPY's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TappAlpha SPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if TappAlpha SPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TappAlpha SPY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.