SPDR Barclays (UK) Market Value

EUCO Etf   54.50  0.03  0.06%   
SPDR Barclays' market value is the price at which a share of SPDR Barclays trades on a public exchange. It measures the collective expectations of SPDR Barclays Euro investors about its performance. SPDR Barclays is selling for under 54.50 as of the 11th of December 2024; that is 0.06 percent up since the beginning of the trading day. The etf's lowest day price was 54.46.
With this module, you can estimate the performance of a buy and hold strategy of SPDR Barclays Euro and determine expected loss or profit from investing in SPDR Barclays over a given investment horizon. Check out SPDR Barclays Correlation, SPDR Barclays Volatility and SPDR Barclays Alpha and Beta module to complement your research on SPDR Barclays.
Symbol

Please note, there is a significant difference between SPDR Barclays' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Barclays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Barclays' 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.

SPDR Barclays 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR Barclays' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR Barclays.
0.00
11/11/2024
No Change 0.00  0.0 
In 30 days
12/11/2024
0.00
If you would invest  0.00  in SPDR Barclays on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Barclays Euro or generate 0.0% return on investment in SPDR Barclays over 30 days. SPDR Barclays is related to or competes with WisdomTree Natural, Leverage Shares, GraniteShares, WisdomTree Natural, WisdomTree, WisdomTree Silver, and Leverage Shares. SPDR Barclays is entity of United Kingdom More

SPDR Barclays Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR Barclays' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR Barclays Euro upside and downside potential and time the market with a certain degree of confidence.

SPDR Barclays Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Barclays' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Barclays' standard deviation. In reality, there are many statistical measures that can use SPDR Barclays historical prices to predict the future SPDR Barclays' volatility.
Hype
Prediction
LowEstimatedHigh
54.3254.5054.68
Details
Intrinsic
Valuation
LowRealHigh
49.8250.0059.95
Details
Naive
Forecast
LowNextHigh
54.3954.5654.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
53.1553.8754.58
Details

SPDR Barclays Euro Backtested Returns

Currently, SPDR Barclays Euro is very steady. SPDR Barclays Euro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the etf had a 0.22% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Barclays Euro, which you can use to evaluate the volatility of the etf. Please validate SPDR Barclays' standard deviation of 0.1775, and Risk Adjusted Performance of 0.1142 to confirm if the risk estimate we provide is consistent with the expected return of 0.0391%. The entity has a beta of 0.0175, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Barclays' returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Barclays is expected to be smaller as well.

Auto-correlation

    
  0.06  

Virtually no predictability

SPDR Barclays Euro has virtually no predictability. Overlapping area represents the amount of predictability between SPDR Barclays time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPDR Barclays Euro price movement. The serial correlation of 0.06 indicates that barely 6.0% of current SPDR Barclays price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.03

SPDR Barclays Euro lagged returns against current returns

Autocorrelation, which is SPDR Barclays etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR Barclays' etf expected returns. We can calculate the autocorrelation of SPDR Barclays returns to help us make a trade decision. For example, suppose you find that SPDR Barclays has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

SPDR Barclays regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR Barclays etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Barclays etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Barclays etf over time.
   Current vs Lagged Prices   
       Timeline  

SPDR Barclays Lagged Returns

When evaluating SPDR Barclays' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Barclays etf have on its future price. SPDR Barclays autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR Barclays autocorrelation shows the relationship between SPDR Barclays etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Barclays Euro.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in SPDR Etf

SPDR Barclays financial ratios help investors to determine whether SPDR Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR Barclays security.