Spdr Bofa Merrill Etf Performance
| XOVR Etf | USD 18.42 1.09 5.59% |
The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. SPDR BOFA returns are very sensitive to returns on the market. As the market goes up or down, SPDR BOFA is expected to follow.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in SPDR BOFA MERRILL are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, SPDR BOFA reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | -0.09 |
SPDR |
SPDR BOFA Relative Risk vs. Return Landscape
If you would invest 1,514 in SPDR BOFA MERRILL on September 1, 2024 and sell it today you would earn a total of 328.00 from holding SPDR BOFA MERRILL or generate 21.66% return on investment over 90 days. SPDR BOFA MERRILL is currently generating 0.325% in daily expected returns and assumes 1.6363% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of etfs are less volatile than SPDR, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
SPDR BOFA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR BOFA's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR BOFA MERRILL, and traders can use it to determine the average amount a SPDR BOFA'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 = 0.1986
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average SPDR BOFA is performing at about 15% 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 BOFA by adding it to a well-diversified portfolio.
SPDR BOFA Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR BOFA, and SPDR BOFA 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 BOFA Performance
Assessing SPDR BOFA's fundamental ratios provides investors with valuable insights into SPDR BOFA's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the SPDR BOFA 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 BOFA is entity of United States. It is traded as Etf on NYSE exchange.| SPDR BOFA MERRILL was previously known as ERShares Entrepreneurs ETF and was traded on NASDAQ Exchange under the symbol ENTR. | |
| Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily | |
| The fund keeps about 95.47% of its net assets in bonds |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR BOFA MERRILL. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of SPDR BOFA MERRILL 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 BOFA's value that differs from its market value or its book value, called intrinsic value, which is SPDR BOFA'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 BOFA's market value can be influenced by many factors that don't directly affect SPDR BOFA'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 BOFA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR BOFA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR BOFA'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.