TSLA vs SPY comparison¶
TSLA vs SPY performance comment¶
Market Performance Metrics Overview¶
| Metric | TSLA | SPY |
|---|---|---|
| High | 251.25 | 488.77 |
| Low | 206.27 | 466.43 |
| Close | 207.83 | 485.39 |
| Start Price | 248.42 | 472.65 |
| Gain % | -16.34% | 2.70% |
| Annualized Gain % | -248.49% | 40.99% |
| Annualized Volatility % | 24.85% | 10.06% |
| Max Drawdown % | -16.34% | -1.14% |
| Sharpe Ratio | -11.87 | 4.49 |
The annualized gain % measures the average rate of return on an investment over a year. In this comparison, SPY has a substantially higher annualized gain % of 40.99% compared to TSLA's -248.49%. This indicates that SPY has performed significantly better in this 60-day period. The annualized volatility % measures the risk of an investment. TSLA has a higher annualized volatility % of 24.85% compared to SPY's 10.06%. This suggests that TSLA is a riskier investment compared to SPY. The max drawdown % measures the largest drop from a peak to a bottom over a specific time period. TSLA's max drawdown % is -16.34%, indicating a significant decline, while SPY's max drawdown % is -1.14%, suggesting a lesser decline in value.
Market Commentary¶
The comparison between TSLA and SPY over a 60-day period from December 16, 2023, to January 25, 2024, indicates that SPY outperformed TSLA in almost all key metrics.
SPY had a gain % of 2.70% compared to TSLA's -16.34%, illustrating a positive return for SPY and a negative return for TSLA within the specified time frame.
The annualized gain % further emphasizes SPY's superior performance, with a 40.99% gain compared to TSLA's -248.49%.
Additionally, SPY's annualized volatility % of 10.06% is significantly lower than TSLA's 24.85%, indicating that SPY carries less risk than TSLA.
The max drawdown % metric also demonstrates that SPY experienced a smaller decline in value (-1.14%) compared to TSLA's significant drop (-16.34%).
Overall, based on these metrics, it is evident that SPY has been the stronger market performer during this 60-day period, providing investors with higher returns and lower volatility compared to TSLA.
TSLA YTD Return (Daily)¶
Comment on YTD Total Returns Results of TSLA¶
Year-to-Date Performance¶
The YTD Open for TSLA was 250.08, with a YTD High of 251.25 and a YTD Low of 206.27. The YTD Close was 207.83, resulting in a YTD Gain % of -16.34%. The YTD Annualized Volatility % was 24.85, indicating the level of risk or uncertainty in the stock's value. The YTD Max Drawdown % was also -16.34%, representing the largest drop from a peak to a trough over a specific time period. The YTD Sharpe Ratio was -11.87, which implies a negative risk-adjusted return.
Previous Year Performance¶
The Last Year Annualized Gain % stood at 129.86, with a Last Year Annualized Volatility % of 52.65. The Last Year Max Drawdown % was -32.72, representing a significant decrease in value over the year. The Last Year Sharpe Ratio came in at 1.86, indicating a positive risk-adjusted return.
Historical Performance¶
The Historical Annualized Volatility (excluding current year) % was 56.91, indicating a higher level of risk compared to the current year's volatility. The Historical Annualized Gain (excluding current year) % was 53.57, suggesting a strong long-term performance with implications for the stock's potential return. The Max Drawdown in Data (excluding current year) % was -73.63, indicating a historical downturn in value.
Overall Performance Metrics¶
The Average Sharpe Ratio for All Years (Excluding Last) was 0.94, signifying a mixed risk-adjusted return. The Current last 5 days gain % was -4.17, showing a recent downturn in TSLA's value. The Current average annualized volatility stood at 27.30, while the Average annualized volatility a month ago was 34.25. This decrease may suggest a recent decrease in the stock's price fluctuations.
Commentary on Market Trends¶
The current price for TSLA stands at 207.83. The MA 200 for the stock is 231.99, while the MA 50 is 236.92 and the MA 5 is 209.97. This indicates that the stock's price is below both the MA 200 and MA 50, possibly suggesting a bearish trend or a potential buying opportunity. Overall, the market trends and performance for TSLA seem to be affected by recent volatility, resulting in a downturn in value and increased risk. However, considering historical data, the stock has shown strong long-term performance. The current position of the stock against its moving averages may indicate a potential buying opportunity, but investors should carefully assess the risk and volatility before making any decisions.
TSLA Annual Dividends¶
No dividends.
Published: 2024-01-25
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