Beta Shares (Australia) Performance
| QFN Etf | 15.43 0.04 0.26% |
The etf shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Beta Shares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Beta Shares is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Beta Shares SPASX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Beta Shares is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Beta |
Beta Shares Relative Risk vs. Return Landscape
If you would invest 1,607 in Beta Shares SPASX on December 22, 2024 and sell it today you would lose (64.00) from holding Beta Shares SPASX or give up 3.98% of portfolio value over 90 days. Beta Shares SPASX is producing return of less than zero assuming 1.0253% volatility of returns over the 90 days investment horizon. Simply put, 9% of all etfs have less volatile historical return distribution than Beta Shares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Beta Shares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beta Shares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Beta Shares SPASX, and traders can use it to determine the average amount a Beta Shares' 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 = -0.0599
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | QFN |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Beta Shares 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 Beta Shares by adding Beta Shares to a well-diversified portfolio.
About Beta Shares Performance
Assessing Beta Shares' fundamental ratios provides investors with valuable insights into Beta Shares' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Beta Shares 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.
| Beta Shares SPASX generated a negative expected return over the last 90 days |
Other Information on Investing in Beta Etf
Beta Shares financial ratios help investors to determine whether Beta Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Beta with respect to the benefits of owning Beta Shares security.