The entity has beta of 0.0 which indicates the returns on MARKET and SPDR MSCI are completely uncorrelated. Although it is extremely important to respect SPDR MSCI Europe
current price movements, it is better to be realistic regarding the information on equity historical returns. The approach 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 examining SPDR MSCI Europe technical indicators
you can now evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days SPDR MSCI Europe Materials ETF has generated negative risk-adjusted returns adding no value to fund investors. In defiance of relatively invariable forward-looking signals, SPDR MSCI is not utilizing all of its potentials. The current stock price agitation, may contribute to short running losses for the management.
SPDR MSCI Europe Relative Risk vs. Return Landscape
If you would invest (100.00)
in SPDR MSCI Europe Materials ETF on April 24, 2019
and sell it today you would earn a total of 100.00
from holding SPDR MSCI Europe Materials ETF or generate -100.0%
return on investment over 30
days. SPDR MSCI Europe Materials ETF is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than SPDR MSCI and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SPDR MSCI Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average SPDR MSCI is performing at about 0% 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 SPDR MSCI
by adding it to a well-diversified