SPASX Dividend (Australia) Performance
| AXDI Index | 1,702 18.10 1.08% |
The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SPASX Dividend are completely uncorrelated.
SPASX Dividend Relative Risk vs. Return Landscape
If you would invest 166,800 in SPASX Dividend Opportunities on August 25, 2024 and sell it today you would earn a total of 3,350 from holding SPASX Dividend Opportunities or generate 2.01% return on investment over 90 days. SPASX Dividend Opportunities is generating 0.0321% of daily returns and assumes 0.6234% volatility on return distribution over the 90 days horizon. Simply put, 5% of indexs are less volatile than SPASX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SPASX Dividend Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPASX Dividend's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as SPASX Dividend Opportunities, and traders can use it to determine the average amount a SPASX Dividend'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 = 0.0514
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AXDI |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average SPASX Dividend is performing at about 4% 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 SPASX Dividend by adding it to a well-diversified portfolio.