The entity owns Beta (Systematic Risk) of 0.0 which indicates the returns on MARKET and SP 500 are completely uncorrelated. Although it is vital to follow to SP 500 Financials existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The approach towards measuring future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-seven technical indicators for SP 500 which you can use to evaluate performance of the index.
|Horizon||30 Days Login to change|
SP 500 Financials Relative Risk vs. Return LandscapeIf you would invest 79,065 in SP 500 Financials TR on September 21, 2019 and sell it today you would earn a total of 1,349 from holding SP 500 Financials TR or generate 1.71% return on investment over 30 days. SP 500 Financials TR is generating 0.5672% of daily returns and assumes 0.703% volatility on return distribution over the 30 days horizon. Simply put, 6% of equities are less volatile than SP 500 and 90% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SP 500 Market Risk Analysis
Sharpe Ratio = 0.8068
SP 500 Relative Performance Indicators
Estimated Market Risk