SPDR SPASX (Australia) Performance
| OZF Etf | 29.58 0.10 0.34% |
The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR SPASX are expected to decrease at a much lower rate. During the bear market, SPDR SPASX is likely to outperform the market.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR SPASX 200 are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain technical and fundamental indicators, SPDR SPASX may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| In Threey Sharp Ratio | 0.53 |
SPDR |
SPDR SPASX Relative Risk vs. Return Landscape
If you would invest 2,677 in SPDR SPASX 200 on August 29, 2024 and sell it today you would earn a total of 281.00 from holding SPDR SPASX 200 or generate 10.5% return on investment over 90 days. SPDR SPASX 200 is generating 0.1583% of daily returns assuming 0.9651% volatility of returns over the 90 days investment horizon. Simply put, 8% of all etfs have less volatile historical return distribution than SPDR SPASX, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SPDR SPASX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SPASX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SPASX 200, and traders can use it to determine the average amount a SPDR SPASX'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 = 0.164
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OZF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average SPDR SPASX is performing at about 12% 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 SPASX by adding it to a well-diversified portfolio.
SPDR SPASX Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR SPASX, and SPDR SPASX fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Etf performance.
About SPDR SPASX Performance
Assessing SPDR SPASX's fundamental ratios provides investors with valuable insights into SPDR SPASX's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the SPDR SPASX is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
SPDR SPASX is entity of Australia. It is traded as Etf on AU exchange.