Technology Select Sector Etf Performance
| XLK Etf | USD 213.96 0.58 0.27% |
The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Technology Select are expected to decrease at a much lower rate. During the bear market, Technology Select is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Technology Select Sector has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest conflicting performance, the Etf's essential indicators remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the ETF venture institutional investors. ...more
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| In Threey Sharp Ratio | 0.52 |
Technology |
Technology Select Relative Risk vs. Return Landscape
If you would invest 24,069 in Technology Select Sector on December 25, 2024 and sell it today you would lose (2,673) from holding Technology Select Sector or give up 11.11% of portfolio value over 90 days. Technology Select Sector is generating negative expected returns assuming volatility of 1.6636% on return distribution over 90 days investment horizon. In other words, 14% of etfs are less volatile than Technology, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Technology Select Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Select's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Technology Select Sector, and traders can use it to determine the average amount a Technology Select'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 = -0.1116
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | XLK |
Estimated Market Risk
| 1.66 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Technology Select 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 Technology Select by adding Technology Select to a well-diversified portfolio.
Technology Select Fundamentals Growth
Technology Etf prices reflect investors' perceptions of the future prospects and financial health of Technology Select, and Technology Select 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 Technology Etf performance.
| Price To Earning | 2.48 X | |||
| Price To Book | 4.10 X | |||
| Price To Sales | 3.09 X | |||
| Earnings Per Share | 8.67 X | |||
| Total Asset | 35.63 B | |||
About Technology Select Performance
By examining Technology Select's fundamental ratios, stakeholders can obtain critical insights into Technology Select'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 Technology Select 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.
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.| Technology Select generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Sector Update Tech - TradingView | |
| The fund keeps 99.79% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.