📊New Data: S&P 500 Shifts Focus Beyond Tech
+ S&P 500 Drivers, Performance Distribution & Tracker; Alpha Hedge Portfolio Performance & Volatility
Wall Street Insider Report
Decoding the S&P500 Market Cycle and sharing the backstage here in the Wall Street Insider Report.
Join +1.5k Wall Street Insiders across 30 US states and 51 countries.
MORNING KICKOFF
"A stock can only go down by 100%, but there’s no limit to how many times its price can multiply going up."
- Sam Ro
S&P 500 DATA POINTS
S&P 500 Shifts Focus Beyond Tech
S&P 500 Drivers: 06/24/2024
This graph compares the Largest positive and negative Market Cap Variation in the S&P 500 in the last 7 days and Exxon Mobil XOM 0.00%↑ was the primary driver of the S&P 500.
We analyzed the data and found that XOM 0.00%↑ (+4.67%) and AMZN 0.00%↑ (+1.68%) are leading the positive changes, showing strong growth.
Meanwhile, NVDA 0.00%↑ (-11.81%) and AVGO 0.00%↑ (-11.74%) are facing significant declines, marking them as the biggest losers. AAPL 0.00%↑ (-2.11%) and MSFT 0.00%↑ (+0.99%) show more moderate movements, reflecting the mixed performance of tech giants.
S&P 500 Performance Distribution: 06/24/2024
This graph displays the performance distribution of stocks within the S&P 500 Index in the last 7 days.
The performance distribution of S&P 500 SPY 0.00%↑ stocks over the past week ranges from -2.2% to +5.0%.
INSIDERS KNOWLEDGE HUB
What is an Investment’s Beta?
Beta measures the volatility of an investment strategy compared to the volatility of the broad market. This metric provides insight into how much a strategy's returns might fluctuate in relation to the overall market movements. Essentially, beta helps investors understand if a strategy's "outperformance" (positive or negative) is due to the amplification of underlying market activities.
What Does the Beta of a Portfolio Tells You?
When evaluating an investment strategy, beta plays a crucial role in understanding the source of its performance. It helps determine whether a strategy's superior returns are merely a result of taking on more market risk. For example, a high-beta strategy may seem to outperform during bullish markets but could suffer significant losses during downturns.
Beta can act as a double-edged sword. While higher beta can lead to higher potential returns, it also increases the risk of larger losses. Therefore, investors need to consider their risk tolerance and market outlook when analyzing beta. In essence, understanding beta helps in making informed decisions about portfolio diversification and risk management.
QUANT TIME
What Does a Beta of 0.06 Mean?
Alpha Hedge Portfolio Volatility (Beta)
The Alpha Hedge Portfolio has a Beta of 0.06, it is expected to be only 6% as volatile as the market.
This low beta indicates that the strategy is significantly less sensitive to market movements. Such insight can be a game-changer, especially when you’re trying to understand the risk tied to your investment approach.
PERFORMANCE SNAPSHOT: 06/24/2024
S&P 500 Tracker
Divergence in major indexes: US stocks diverged on Monday as the Nasdaq struggled under the weight of Nvidia's NVDA 0.00%↑ decline, marking the start of the final week of another rip-roaring quarter on Wall Street.
The benchmark S&P 500 SPY 0.00%↑ fell -0.3%. In contrast, the Dow Jones Industrial Average DIA 0.00%↑ surged +0.7%.
Alpha Hedge Performance Review: 06/24/2024
The Alpha Hedge Portfolio experienced a daily performance decline of -1.3%, reflecting a temporary pullback amid market fluctuations. Despite this short-term dip, the portfolio's monthly performance remains strong with a +5.5% gain.
Over the past decade, our subscribers have outperformed the American Market Decoding the S&P 500 Market Cycle.
You too can make investment decisions based on objective data.
That's where the Wall Street Insider Report comes in. We've developed a unique approach to investment management that puts you back in the driver's seat.
Know more about our 5-Year Plan and join +1.5K Pro Investors and Finance Professionals across 51 countries who are exponentially growing their - and their clients - wealth for over a decade.↓
https://wallstreetinsiderglobal.com/wsir-5-year-access