Tappalpha Spy Growth Etf Performance
| TSPY Etf | 23.27 0.23 1.00% |
The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TappAlpha SPY's returns are expected to increase less than the market. However, during the bear market, the loss of holding TappAlpha SPY is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days TappAlpha SPY Growth has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Etf's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more
1 | TappAlpha SPY Growth Daily Income ETF Announces Dividend Increase 0.30 Per Share | 02/05/2025 |
2 | TappAlpha Celebrates TSPYs Six-Month Anniversary with Strong Performance and Consistent Monthly Distributions | 02/18/2025 |
TappAlpha |
TappAlpha SPY Relative Risk vs. Return Landscape
If you would invest 2,509 in TappAlpha SPY Growth on December 13, 2024 and sell it today you would lose (182.00) from holding TappAlpha SPY Growth or give up 7.25% of portfolio value over 90 days. TappAlpha SPY Growth is currently does not generate positive expected returns and assumes 1.0312% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than TappAlpha, 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 |
TappAlpha SPY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for TappAlpha SPY's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as TappAlpha SPY Growth, and traders can use it to determine the average amount a TappAlpha SPY'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 = -0.1186
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TSPY |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TappAlpha SPY 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 TappAlpha SPY by adding TappAlpha SPY to a well-diversified portfolio.
About TappAlpha SPY Performance
Evaluating TappAlpha SPY's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if TappAlpha SPY has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if TappAlpha SPY has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
TappAlpha SPY is entity of United States. It is traded as Etf on NASDAQ exchange.| TappAlpha SPY Growth generated a negative expected return over the last 90 days | |
| Latest headline from finance.yahoo.com: TappAlpha Celebrates TSPYs Six-Month Anniversary with Strong Performance and Consistent Monthly Distributions |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TappAlpha SPY Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of TappAlpha SPY Growth is measured differently than its book value, which is the value of TappAlpha that is recorded on the company's balance sheet. Investors also form their own opinion of TappAlpha SPY's value that differs from its market value or its book value, called intrinsic value, which is TappAlpha SPY'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 TappAlpha SPY's market value can be influenced by many factors that don't directly affect TappAlpha SPY'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 TappAlpha SPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if TappAlpha SPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TappAlpha SPY'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.