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Sparindex Stock Performance

SP
SPIDJWKL -- Denmark Stock  

DKK 131.05  8.50  6.09%

On a scale of 0 to 100 Sparindex INDEX holds performance score of 6. The entity has a beta of -0.0329, which indicates as returns on market increase, returns on owning Sparindex INDEX are expected to decrease at a much smaller rate. During bear market, Sparindex INDEX is likely to outperform the market. Although it is vital to follow to Sparindex INDEX DJSI current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Sparindex INDEX DJSI technical indicators you can presently evaluate if the expected return of 0.2729% will be sustainable into the future. Please operates Sparindex INDEX Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to make a quick decision on weather Sparindex INDEX DJSI existing price patterns will revert.
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Sparindex INDEX Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Sparindex INDEX DJSI World KL are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly conflicting technical and fundamental indicators, Sparindex INDEX demonstrated solid returns over the last few months and may actually be approaching a breakup point.
Fifty Two Week Low156.45
Fifty Two Week High160.00

Sparindex INDEX Relative Risk vs. Return Landscape

If you would invest  12,950  in Sparindex INDEX DJSI World KL on March 6, 2020 and sell it today you would earn a total of  155.00  from holding Sparindex INDEX DJSI World KL or generate 1.2% return on investment over 30 days. Sparindex INDEX DJSI World KL is generating 0.2729% of daily returns and assumes 2.9276% volatility on return distribution over the 30 days horizon. Simply put, 26% of equities are less volatile than Sparindex INDEX and 95% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
    
  Risk (%) 
Assuming 30 trading days horizon, Sparindex INDEX is expected to generate 0.77 times more return on investment than the market. However, the company is 1.3 times less risky than the market. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

Sparindex INDEX Market Risk Analysis

Sharpe Ratio = 0.0932
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Sparindex INDEX Stock Performance Indicators

Estimated Market Risk
 2.93
  actual daily
 
 26 %
of total potential
 
2626
Expected Return
 0.27
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.09
  actual daily
 
 6 %
of total potential
 
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Based on monthly moving average Sparindex INDEX is performing at about 6% 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 Sparindex INDEX by adding it to a well-diversified portfolio.

Sparindex INDEX Alerts

Equity Alerts and Improvement Suggestions

Sparindex INDEX DJSI is not yet fully synchronised with the market data
Additionally, take a look at World Market Map. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page