SPDR Bl (Germany) Risk Analysis And Volatility Evaluation

SYBN -- Germany Fund  

EUR 25.73  0.002  0.0078%

Macroaxis considers SPDR Bl to be unknown risk. SPDR Bl Ba owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5774 which indicates SPDR Bl Ba had -0.5774% of return per unit of volatility over the last 1 month. Macroaxis approach towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. SPDR Bl Ba 10Y US Co Bd UETF R exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPDR Bl to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

SPDR Bl Ba Technical Analysis

Transformation
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SPDR Bl Projected Return Density Against Market

Assuming 30 trading days horizon, SPDR Bl has beta of 0.0 . This entails unless we do not have required data, the returns on DOW and SPDR Bl are completely uncorrelated. Furthermore, SPDR Bl Ba 10Y US Co Bd UETF RIt does not look like SPDR Bl alpha can have any bearing on the equity current valuation.
Assuming 30 trading days horizon, the coefficient of variation of SPDR Bl is -173.21. The daily returns are destributed with a variance of 0.09 and standard deviation of 0.3. The mean deviation of SPDR Bl Ba 10Y US Co Bd UETF R is currently at 0.23. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.30
Ir
Information ratio =0.00

SPDR Bl Return Volatility

SPDR Bl Ba 10Y US Co Bd UETF R accepts 0.2991% volatility on return distribution over the 30 days horizon. DOW inherits 0.0% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
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Investment Outlook

SPDR Bl Investment Opportunity

DOW has a standard deviation of returns of 1.05 and is 3.5 times more volatile than SPDR Bl Ba 10Y US Co Bd UETF R. 2% of all equities and portfolios are less risky than SPDR Bl. Compared to the overall equity markets, volatility of historical daily returns of SPDR Bl Ba 10Y US Co Bd UETF R is lower than 2 (%) of all global equities and portfolios over the last 30 days.

SPDR Bl Volatility Indicators

SPDR Bl Ba 10Y US Co Bd UETF R Current Risk Indicators

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