SPASX 300 (Australia) Index

AXMEKD Index   1,876  8.97  0.48%   
Market Performance
0 of 100
SPASX 300 is listed at 1876.35 as of the 2nd of February 2023, which is a -0.48% down since the beginning of the trading day. The index's open price was 1885.32. SPASX 300 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 300 Media are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of January 2023 and ending today, the 2nd of February 2023. Click here to learn more.
SPASX 300 Media has a volatility of 1.62 and is 1.46 times more volatile than NYSE Composite. 14  of all equities and portfolios are less risky than SPASX 300. Compared to the overall equity markets, volatility of historical daily returns of SPASX 300 Media is lower than 14 () of all global equities and portfolios over the last 90 days.

SPASX 300 Global Risk-Return Landscape

  Daily Expected Return (%)  
       Risk (%)  

SPASX 300 Price Dispersion

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SPASX 300 Distribution of Returns

   Predicted Return Density   
       Returns  
SPASX 300's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how spasx index's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a SPASX 300 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 300 Against Global Markets

MERV  3.12   
0%
100.0%
HNX 30  2.36   
0%
75.0%
LU0130732877  1.47   
0%
47.0%
HSI  1.05   
0%
33.0%
OSEFX  1.03   
0%
33.0%
TWII  1.01   
0%
32.0%
OMXCPI  0.86   
0%
27.0%
JA00  0.83   
0%
26.0%
MXX  0.83   
0%
26.0%
OMXH25  0.74   
0%
23.0%
IBEX 35  0.71   
0%
22.0%
BETNG  0.65   
0%
20.0%
NYA  0.53   
0%
16.0%
IDX 30  0.46   
0%
14.0%
ASCX  0.43   
0%
13.0%
FTSE MIB  0.39   
0%
12.0%
PSI 20  0.35   
0%
11.0%
GDAXI  0.35   
0%
11.0%
Tel Aviv  0.27   
0%
8.0%
RTSI  0.12   
0%
3.0%
TDFI  0.1   
0%
3.0%
BELS  0.04   
0%
1.0%
SBF 120  0.02   
0%
1.0%
ATX  0.16   
5.0%
0%
CROBEX  0.21   
6.0%
0%
MCIALUM  0.44   
14.0%
0%
FTAWJPN  0.48   
15.0%
0%
AXMEKD  0.48   
15.0%
0%
FBM70  0.68   
21.0%
0%
FTWIHUNL  0.78   
25.0%
0%
 

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Check out Trending Equities. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running SPASX 300 Media price analysis, check to measure SPASX 300'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 300 is operating at the current time. Most of SPASX 300's value examination focuses on studying past and present price action to predict the probability of SPASX 300's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPASX 300's price. Additionally, you may evaluate how the addition of SPASX 300 to your portfolios can decrease your overall portfolio volatility.
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