The entity has beta of 0.0 which indicates the returns on MARKET and SSgA High are completely uncorrelated. Although it is extremely important to respect SSgA High Yield current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting SSgA High Yield technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Risk-Adjusted Fund PerformanceOver the last 30 days SSgA High Yield Bond K has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, SSgA High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
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SSgA High Yield Relative Risk vs. Return LandscapeIf you would invest 735.00 in SSgA High Yield Bond K on May 21, 2019 and sell it today you would earn a total of 0.00 from holding SSgA High Yield Bond K or generate 0.0% return on investment over 30 days. SSgA High Yield Bond K is currently producing negative expected returns and takes up 0.0% volatility of returns over 30 trading days. Put another way, 0% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
SSgA High Current Valuation
SSgA High is Unknown risk asset. SSgA High Yield current Real Value cannot be determined due to lack of data. The regular price of SSgA High Yield is $7.35. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of SSgA High Yield from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since at some point securities prices and their ongoing real values will draw towards each other.
SSgA High Market Risk Analysis
Sharpe Ratio = 0.0