Spdr Euro Stoxx Etf Market Value
| FEZ Etf | USD 56.48 1.32 2.39% |
| Symbol | SPDR |
The market value of SPDR EURO STOXX is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR EURO's value that differs from its market value or its book value, called intrinsic value, which is SPDR EURO'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 SPDR EURO's market value can be influenced by many factors that don't directly affect SPDR EURO'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 SPDR EURO's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR EURO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR EURO'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.
SPDR EURO '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 EURO's 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 EURO.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in SPDR EURO on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR EURO STOXX or generate 0.0% return on investment in SPDR EURO over 90 days. SPDR EURO is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares Europe, and IShares MSCI. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities repres... More
SPDR EURO 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 EURO's 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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.2627 | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.15 |
SPDR EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR EURO's standard deviation. In reality, there are many statistical measures that can use SPDR EURO historical prices to predict the future SPDR EURO's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.2242 | |||
| Total Risk Alpha | 0.3362 | |||
| Sortino Ratio | 0.2407 | |||
| Treynor Ratio | 0.2831 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR EURO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR EURO STOXX Backtested Returns
SPDR EURO appears to be very steady, given 3 months investment horizon. SPDR EURO STOXX owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR EURO STOXX, which you can use to evaluate the volatility of the etf. Please review SPDR EURO's risk adjusted performance of 0.1235, and Coefficient Of Variation of 696.86 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR EURO is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
SPDR EURO STOXX has good predictability. Overlapping area represents the amount of predictability between SPDR EURO time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 EURO STOXX price movement. The serial correlation of 0.7 indicates that around 70.0% of current SPDR EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.33 |
SPDR EURO STOXX lagged returns against current returns
Autocorrelation, which is SPDR EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of SPDR EURO returns to help us make a trade decision. For example, suppose you find that SPDR EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR EURO etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR EURO Lagged Returns
When evaluating SPDR EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR EURO etf have on its future price. SPDR EURO 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 EURO autocorrelation shows the relationship between SPDR EURO etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR EURO STOXX.
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.When determining whether SPDR EURO STOXX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR EURO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Euro Stoxx Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Euro Stoxx Etf:Check out SPDR EURO Correlation, SPDR EURO Volatility and SPDR EURO Alpha and Beta module to complement your research on SPDR EURO. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
SPDR EURO technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.