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.
|Horizon||30 Days Login to change|
SPDR MSCI Europe Relative Risk vs. Return LandscapeIf you would invest 12,893 in SPDR MSCI Europe Materials ETF on November 13, 2018 and sell it today you would earn a total of 0.00 from holding SPDR MSCI Europe Materials ETF or generate 0.0% 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 Europe Materials ETF 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
Risk-Adjusted Fund PerformanceOver the last 30 days SPDR MSCI Europe Materials ETF has generated negative risk-adjusted returns adding no value to fund investors.