SPASX Dividend (Australia) Index
| AXDI Index | 1,548 6.10 0.40% |
SPASX Dividend is enlisted at 1548.30 as of the 29th of September 2023; that is 0.40% increase since the beginning of the trading day. The index's open price was 1542.2. SPASX Dividend has hardly any chance of experiencing price decline in the next few years, but has generated negative returns over the last 90 days. Equity ratings for SPASX Dividend Opportunities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of July 2023 and ending today, the 29th of September 2023. Click here to learn more.
SPASX Dividend Opportunities has a volatility of 0.74 and is 1.21 times more volatile than NYSE Composite. 6 of all equities and portfolios are less risky than SPASX Dividend. Compared to the overall equity markets, volatility of historical daily returns of SPASX Dividend Opportunities is lower than 6 () of all global equities and portfolios over the last 90 days.
SPASX Dividend Global Risk-Return Landscape
Expected Return |
| Risk |
SPASX Dividend Price Dispersion
July 10, 2023
1,526 | 1,513 |
| -13.7 | -0.9% |
| Lowest period price (90 days) |
July 27, 2023
1,608 | 1,609 |
| 0.80 | 0.049745% |
| Highest period price (90 days) |
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SPASX Dividend Distribution of Returns
Predicted Return Density |
| Returns |
What Drives a SPASX Dividend Price Volatility?
Several factors can influence a index's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.SPASX Dividend Against Global Markets
| ASCX | 1.58 | |||||
| BETNG | 0.97 | |||||
| Budapest | 0.83 | |||||
| PSI 20 | 0.63 | |||||
| ATX | 0.52 | |||||
| KLTE | 0.51 | |||||
| GDAXI | 0.41 | |||||
| AXDI | 0.40 | |||||
| HNX 30 | 0.36 | |||||
| OSEFX | 0.29 | |||||
| TWII | 0.27 | |||||
| ISEQ 20 | 0.27 | |||||
| APACXJ | 0.21 | |||||
| Tel Aviv | 0.03 | |||||
| IBEX 35 | 0.01 | |||||
| IDX 30 | 0.04 | |||||
| BELS | 0.10 | |||||
| TDFI | 0.33 | |||||
| RTSI | 0.34 | |||||
| NYA | 0.52 | |||||
| CROBEX | 0.81 | |||||
| MXX | 1.32 | |||||
| MERV | 4.20 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for SPASX Index analysis
When running SPASX Dividend's price analysis, check to measure SPASX Dividend's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPASX Dividend is operating at the current time. Most of SPASX Dividend's value examination focuses on studying past and present price action to predict the probability of SPASX Dividend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPASX Dividend's price. Additionally, you may evaluate how the addition of SPASX Dividend to your portfolios can decrease your overall portfolio volatility.
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