SPDR SPASX (Australia) Price on December 2, 2024
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. SPDR SPASX 200 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0407, which indicates the etf had a -0.0407% return per unit of volatility over the last 3 months. SPDR SPASX 200 exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR SPASX's variance of 0.9929, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SPDR |
Sharpe Ratio = -0.0407
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| Negative Returns | SLF |
Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR SPASX is not performing at its full potential. However, 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 SPDR SPASX to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
SPDR SPASX Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
SPDR SPASX 200 cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SPDR SPASX December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how SPDR SPASX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPDR SPASX shares will generate the highest return on investment. By undertsting and applying SPDR SPASX etf market strength indicators, traders can identify SPDR SPASX 200 entry and exit signals to maximize returns
SPDR SPASX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPDR SPASX's price direction in advance. Along with the technical and fundamental analysis of SPDR Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPDR to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.11) |
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| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Other Tools for SPDR Etf
When running SPDR SPASX's price analysis, check to measure SPDR SPASX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR SPASX is operating at the current time. Most of SPDR SPASX's value examination focuses on studying past and present price action to predict the probability of SPDR SPASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPDR SPASX's price. Additionally, you may evaluate how the addition of SPDR SPASX to your portfolios can decrease your overall portfolio volatility.
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