SPASX 200 (Australia) Performance
| AXMJ Index | 16,891 136.90 0.82% |
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 200 are completely uncorrelated.
SPASX 200 Relative Risk vs. Return Landscape
If you would invest 1,631,580 in SPASX 200 Materials on September 2, 2024 and sell it today you would earn a total of 57,540 from holding SPASX 200 Materials or generate 3.53% return on investment over 90 days. SPASX 200 Materials is generating 0.0602% of daily returns and assumes 1.2513% volatility on return distribution over the 90 days horizon. Simply put, 11% 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 200 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPASX 200's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as SPASX 200 Materials, and traders can use it to determine the average amount a SPASX 200'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 = 0.0481
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Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average SPASX 200 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 SPASX 200 by adding it to a well-diversified portfolio.