SSGA SPDR Treynor Ratio
SSGA SPDR treynor ratio lookup summarizes this and related technical indicators for SSGA SPDR AEX. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Use
Trending Equities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in median.
SSGA SPDR AEX has current Treynor Ratio of 0. The Treynor is the reward-to-volatility ratio that expresses the excess return to the beta of the equity or portfolio. It is similar to the Sharpe ratio, but instead of using volatility in the denominator, it uses the beta of equity or portfolio. Therefore, the Treynor Ratio is calculated as [(Portfolio return - Risk-free return)/Beta].
Treynor Ratio | = | ER[a] - RFRBETA |
| = | 0 | |
| ER[a] | = | Expected return on investing in SSGA SPDR |
| BETA | = | Beta coefficient between SSGA SPDR and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
SSGA SPDR Treynor Ratio Peers Comparison
SSGA Treynor Ratio Relative To Other Indicators
SSGA SPDR AEX is rated
below average in treynor ratio across the ETF category. It is rated
below average in maximum drawdown across the ETF category .
This ratio was developed by Jack Treynor to measure how well an investment has compensated its investors given its level of risk. The Treynor ratio relies on beta, which measures an investment sensitivity to market movements, to gauge risk. The premise underlying the Treynor ratio is that systematic risk--the kind of risk that is inherent to the entire market (represented by beta)--should be penalized because it cannot be diversified away.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.