Health Care Select Etf Performance
| XLV Etf | USD 141.30 1.82 1.30% |
The etf retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Health Care's returns are expected to increase less than the market. However, during the bear market, the loss of holding Health Care is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Health Care Select are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable essential indicators, Health Care is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
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| In Threey Sharp Ratio | 0.52 |
Health |
Health Care Relative Risk vs. Return Landscape
If you would invest 13,819 in Health Care Select on January 24, 2024 and sell it today you would earn a total of 311.00 from holding Health Care Select or generate 2.25% return on investment over 90 days. Health Care Select is generating 0.0375% of daily returns assuming volatility of 0.6569% on return distribution over 90 days investment horizon. In other words, 5% of etfs are less volatile than Health, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Health Care Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Care's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Health Care Select, and traders can use it to determine the average amount a Health Care'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 = 0.057
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| Negative Returns | XLV |
Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Health Care is performing at about 4% 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 Health Care by adding it to a well-diversified portfolio.
Health Care Fundamentals Growth
Health Etf prices reflect investors' perceptions of the future prospects and financial health of Health Care, and Health Care 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 Health Etf performance.
| Price To Earning | 4.40 X | |||
| Price To Book | 2.99 X | |||
| Price To Sales | 1.60 X | |||
| Earnings Per Share | 6.78 X | |||
| Total Asset | 35.9 B | |||
About Health Care Performance
To evaluate Health Care Select 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 Health Care 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 Health 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 Health Care Select market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Health'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. SP 500 is traded on NYSEARCA Exchange in the United States.| Latest headline from talkmarkets.com: Tesla Cuts 15k Jobs As EVs Fall Out Of Favor | |
| The fund keeps 99.89% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Health Care Select. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care'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 Health Care's market value can be influenced by many factors that don't directly affect Health Care'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 Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.