Spdr Ssga My2033 Etf Performance
| MYCM Etf | 24.14 0.04 0.17% |
The entity has a beta of -0.083, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR SSGA are expected to decrease at a much lower rate. During the bear market, SPDR SSGA is likely to outperform the market.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR SSGA My2033 are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy fundamental indicators, SPDR SSGA is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
1 | SPDR SSGA My2033 Corporate Bond ETF Plans 0.10 Dividend | 12/20/2024 |
2 | SPDR SSGA My2033 Corporate Bond declares monthly distribution of 0.0925 | 02/03/2025 |
SPDR |
SPDR SSGA Relative Risk vs. Return Landscape
If you would invest 2,403 in SPDR SSGA My2033 on December 13, 2024 and sell it today you would earn a total of 11.00 from holding SPDR SSGA My2033 or generate 0.46% return on investment over 90 days. SPDR SSGA My2033 is currently generating 0.0083% in daily expected returns and assumes 0.35% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% 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 |
| Risk |
SPDR SSGA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SSGA's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SSGA My2033, and traders can use it to determine the average amount a SPDR SSGA'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 = 0.0238
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MYCM |
Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average SPDR SSGA is performing at about 1% 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 SSGA by adding it to a well-diversified portfolio.
About SPDR SSGA Performance
By examining SPDR SSGA's fundamental ratios, stakeholders can obtain critical insights into SPDR SSGA'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 SSGA 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 SSGA is entity of United States. It is traded as Etf on NASDAQ exchange.