SPDR ICE (Germany) Performance
| ZPR6 Etf | 29.09 0.01 0.03% |
The entity has a beta of 0.055, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR ICE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR ICE is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR ICE BofA are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, SPDR ICE is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
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SPDR ICE Relative Risk vs. Return Landscape
If you would invest 2,895 in SPDR ICE BofA on September 1, 2024 and sell it today you would earn a total of 14.00 from holding SPDR ICE BofA or generate 0.48% return on investment over 90 days. SPDR ICE BofA is generating 0.0075% of daily returns assuming 0.1582% volatility of returns over the 90 days investment horizon. Simply put, 1% of all etfs have less volatile historical return distribution than SPDR ICE, 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 ICE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR ICE's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR ICE BofA, and traders can use it to determine the average amount a SPDR ICE'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 = 0.0477
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| Negative Returns | ZPR6 |
Estimated Market Risk
| 0.16 actual daily | 1 99% 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 | 3 97% of assets perform better |
Based on monthly moving average SPDR ICE 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 SPDR ICE by adding it to a well-diversified portfolio.