Technology Select Sector Etf Performance
| XLK Etf | USD 197.60 0.43 0.22% |
The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Technology Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Technology Select is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Technology Select Sector has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Technology Select is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors. ...more
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| In Threey Sharp Ratio | 0.68 |
Technology |
Technology Select Relative Risk vs. Return Landscape
If you would invest 20,326 in Technology Select Sector on January 27, 2024 and sell it today you would lose (566.00) from holding Technology Select Sector or give up 2.78% of portfolio value over 90 days. Technology Select Sector is generating negative expected returns assuming volatility of 1.1609% on return distribution over 90 days investment horizon. In other words, 10% of etfs are less volatile than Technology, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Technology Select Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Select's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Technology Select Sector, and traders can use it to determine the average amount a Technology Select'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 = -0.0329
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| Negative Returns | XLK |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Technology Select is not performing at its full potential. However, 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 Technology Select by adding Technology Select to a well-diversified portfolio.
Technology Select Fundamentals Growth
Technology Etf prices reflect investors' perceptions of the future prospects and financial health of Technology Select, and Technology Select fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Technology Etf performance.
| Price To Earning | 2.48 X | |||
| Price To Book | 4.10 X | |||
| Price To Sales | 3.09 X | |||
| Earnings Per Share | 8.67 X | |||
| Total Asset | 35.63 B | |||
About Technology Select Performance
To evaluate Technology Select Sector Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Technology Select 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 Technology Etf'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 Technology Select Sector market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Technology'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.In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.| Technology Select generated a negative expected return over the last 90 days | |
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| The fund keeps 99.79% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Technology Select's market value can be influenced by many factors that don't directly affect Technology Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.