SPTSX Index Performance

GSPTSE
 Index
  

 19,079  144.06  0.75%   

The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. Let's try to break down what SPTSX's beta means in this case. the returns on MARKET and SPTSX Comp are completely uncorrelated. Even though it is essential to pay attention to SPTSX Comp current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SPTSX Comp exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
  
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SPTSX Comp Relative Risk vs. Return Landscape

If you would invest  2,189,020  in SPTSX Comp on March 31, 2022 and sell it today you would lose (281,156)  from holding SPTSX Comp or give up 12.84% of portfolio value over 90 days. SPTSX Comp is generating negative expected returns and assumes 1.169% volatility on return distribution over the 90 days horizon. Simply put, 10% of indexs are less volatile than SPTSX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days trading horizon SPTSX Comp is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.23 times less risky than the market. the firm trades about -0.18 of its potential returns per unit of risk. The DOW is currently generating roughly -0.12 of returns per unit of risk over similar time horizon.

SPTSX Comp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPTSX Comp's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as SPTSX Comp, and traders can use it to determine the average amount a SPTSX Comp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1807

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Estimated Market Risk
 1.17
  actual daily
 
 10 %
of total potential
 
1010
Expected Return
 -0.21
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 0 %
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Risk-Adjusted Return
 -0.18
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Based on monthly moving average SPTSX Comp 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 SPTSX Comp by adding it to a well-diversified portfolio.

About SPTSX Comp Performance

To evaluate SPTSX Comp Index as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when SPTSX Comp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare SPTSX Index's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SPTSX Comp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents SPTSX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about SPTSX Comp

Checking the ongoing alerts about SPTSX Comp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPTSX Comp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

SPTSX Comp Alerts

Equity Alerts and Improvement Suggestions

SPTSX Comp generated a negative expected return over the last 90 days
Check out Your Current Watchlist. Note that the SPTSX Comp information on this page should be used as a complementary analysis to other SPTSX Comp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Other Tools for SPTSX Index

When running SPTSX Comp price analysis, check to measure SPTSX Comp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPTSX Comp is operating at the current time. Most of SPTSX Comp's value examination focuses on studying past and present price action to predict the probability of SPTSX Comp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPTSX Comp's price. Additionally, you may evaluate how the addition of SPTSX Comp to your portfolios can decrease your overall portfolio volatility.
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