Spdr Kensho New Etf Performance
| KOMP Etf | USD 49.02 0.86 1.79% |
The entity has a beta of -0.0853, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR Kensho are expected to decrease at a much lower rate. During the bear market, SPDR Kensho is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days SPDR Kensho New has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest fragile performance, the Etf's primary indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the ETF retail investors. ...more
| In Threey Sharp Ratio | -0.03 |
SPDR |
SPDR Kensho Relative Risk vs. Return Landscape
If you would invest 5,138 in SPDR Kensho New on December 21, 2024 and sell it today you would lose (331.00) from holding SPDR Kensho New or give up 6.44% of portfolio value over 90 days. SPDR Kensho New is currently does not generate positive expected returns and assumes 1.4783% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% 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 Kensho Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Kensho's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR Kensho New, and traders can use it to determine the average amount a SPDR Kensho'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 = -0.0678
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| Negative Returns | KOMP |
Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR Kensho 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 Kensho by adding SPDR Kensho to a well-diversified portfolio.
SPDR Kensho Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR Kensho, and SPDR Kensho 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.
| Total Asset | 1.52 B | |||
About SPDR Kensho Performance
Assessing SPDR Kensho's fundamental ratios provides investors with valuable insights into SPDR Kensho's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the SPDR Kensho 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.
Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. SPDR Kensho is traded on NYSEARCA Exchange in the United States.| SPDR Kensho New generated a negative expected return over the last 90 days | |
| The fund created three year return of -1.0% | |
| SPDR Kensho New maintains 100.05% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Kensho New. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of SPDR Kensho New 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 Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Kensho is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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.