Sparindex INDEX (Denmark) Manager Performance Evaluation
| SPIC25KL | DKK 278.50 2.80 1.00% |
The entity has a beta of 0.0409, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparindex INDEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparindex INDEX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Sparindex INDEX OMX has generated negative risk-adjusted returns adding no value to fund investors. Despite quite persistent basic indicators, Sparindex INDEX is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.
...more| Fifty Two Week Low | 206.90 | |
| Fifty Two Week High | 207.70 |
Sparindex |
Sparindex INDEX Relative Risk vs. Return Landscape
If you would invest 28,960 in Sparindex INDEX OMX on January 26, 2024 and sell it today you would lose (1,110) from holding Sparindex INDEX OMX or give up 3.83% of portfolio value over 90 days. Sparindex INDEX OMX is generating negative expected returns and assumes 1.1785% volatility on return distribution over the 90 days horizon. Simply put, 10% of funds are less volatile than Sparindex, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Sparindex INDEX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparindex INDEX's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Sparindex INDEX OMX, and traders can use it to determine the average amount a Sparindex INDEX'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 = -0.0484
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| Negative Returns | SPIC25KL |
Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sparindex INDEX 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 Sparindex INDEX by adding Sparindex INDEX to a well-diversified portfolio.
About Sparindex INDEX Performance
To evaluate Sparindex INDEX OMX Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Sparindex INDEX generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Sparindex Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Sparindex INDEX OMX market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Sparindex's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Things to note about Sparindex INDEX OMX performance evaluation
Checking the ongoing alerts about Sparindex INDEX for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Sparindex INDEX OMX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Sparindex INDEX OMX generated a negative expected return over the last 90 days |
- Analyzing Sparindex INDEX's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Sparindex INDEX's stock is overvalued or undervalued compared to its peers.
- Examining Sparindex INDEX's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Sparindex INDEX's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sparindex INDEX's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Sparindex INDEX's fund. These opinions can provide insight into Sparindex INDEX's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sparindex INDEX OMX. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Sparindex INDEX OMX information on this page should be used as a complementary analysis to other Sparindex INDEX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Please note, there is a significant difference between Sparindex INDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparindex INDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparindex INDEX'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.