|STOT -- USA Etf|| |
USD 48.75 0.04 0.0008%
The entity has beta of 0.0 which indicates the returns on MARKET and SPDR DoubleLine are completely uncorrelated. Although it is extremely important to respect SPDR DoubleLine Shrt
current price movements, it is better to be realistic regarding the information on equity historical returns. The approach towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining SPDR DoubleLine Shrt technical indicators
you can now evaluate if the expected return of 0.012% will be sustainable into the future.
SPDR DoubleLine Shrt Relative Risk vs. Return Landscape
If you would invest 4,853
in SPDR DoubleLine Shrt Term TR Tact ETF on December 20, 2018
and sell it today you would earn a total of 23.30
from holding SPDR DoubleLine Shrt Term TR Tact ETF or generate 0.48%
return on investment over 30
days. SPDR DoubleLine Shrt Term TR Tact ETF is currently generating 0.012% of daily expected returns and assumes 0.1046% risk (volatility on return distribution) over the 30 days horizon. In different words, 0% of equities are less volatile than SPDR DoubleLine and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, SPDR DoubleLine is expected to generate 3.46 times less return on investment than the market. But when comparing it to its historical volatility, the company is 18.65 times less risky than the market. It trades about 0.11 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 of returns per unit of risk over similar time horizon.
SPDR DoubleLine Market Risk Analysis
Sharpe Ratio = 0.115
Based on monthly moving average SPDR DoubleLine is performing at about 7% 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 DoubleLine
by adding it to a well-diversified
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR DoubleLine Shrt Term TR Tact ETF are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
|The fund maintains about 95.07% of its assets in bonds|
|Fifty Two Week Low||47.00|
|Fifty Two Week High||49.80|