Spdr Galaxy Digital Etf Performance
| DECO Etf | 27.04 1.05 4.04% |
The entity has a beta of 1.63, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR Galaxy will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days SPDR Galaxy Digital has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's fundamental indicators remain very healthy which may send shares a bit higher in April 2025. The recent disarray may also be a sign of long period up-swing for the ETF investors. ...more
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SPDR Galaxy Relative Risk vs. Return Landscape
If you would invest 4,026 in SPDR Galaxy Digital on December 14, 2024 and sell it today you would lose (1,427) from holding SPDR Galaxy Digital or give up 35.44% of portfolio value over 90 days. SPDR Galaxy Digital is currently does not generate positive expected returns and assumes 3.9371% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of etfs are less volatile than SPDR, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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SPDR Galaxy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Galaxy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR Galaxy Digital, and traders can use it to determine the average amount a SPDR Galaxy'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 = -0.1679
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DECO |
Estimated Market Risk
| 3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.66 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR Galaxy 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 Galaxy by adding SPDR Galaxy to a well-diversified portfolio.
About SPDR Galaxy Performance
By examining SPDR Galaxy's fundamental ratios, stakeholders can obtain critical insights into SPDR Galaxy's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that SPDR Galaxy is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| SPDR Galaxy Digital generated a negative expected return over the last 90 days | |
| SPDR Galaxy Digital has high historical volatility and very poor performance |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR Galaxy Digital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of SPDR Galaxy Digital is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.