SPDR Morningstar (UK) Market Value
| GIN Etf | 26.55 0.21 0.80% |
| Symbol | SPDR |
SPDR Morningstar '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 Morningstar'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 Morningstar.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in SPDR Morningstar on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Morningstar Multi Asset or generate 0.0% return on investment in SPDR Morningstar over 90 days. SPDR Morningstar is related to or competes with SPDR Dow, SPDR SP, SPDR Barclays, SPDR SP, SPDR SP, SPDR SP, and SPDR Morningstar. SPDR Morningstar is entity of United Kingdom More
SPDR Morningstar 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 Morningstar'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 Morningstar Multi Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1078 | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.17 |
SPDR Morningstar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Morningstar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Morningstar's standard deviation. In reality, there are many statistical measures that can use SPDR Morningstar historical prices to predict the future SPDR Morningstar's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0605 | |||
| Treynor Ratio | (0.24) |
SPDR Morningstar Multi Backtested Returns
SPDR Morningstar Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the etf had a close to zero % return per unit of volatility over the last 3 months. SPDR Morningstar Multi Asset exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Morningstar's variance of 0.5296, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Morningstar's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Morningstar is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
SPDR Morningstar Multi Asset has poor reverse predictability. Overlapping area represents the amount of predictability between SPDR Morningstar time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Morningstar Multi price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current SPDR Morningstar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
SPDR Morningstar Multi lagged returns against current returns
Autocorrelation, which is SPDR Morningstar 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 Morningstar's etf expected returns. We can calculate the autocorrelation of SPDR Morningstar returns to help us make a trade decision. For example, suppose you find that SPDR Morningstar 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 Morningstar 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 Morningstar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Morningstar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Morningstar etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Morningstar Lagged Returns
When evaluating SPDR Morningstar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Morningstar etf have on its future price. SPDR Morningstar 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 Morningstar autocorrelation shows the relationship between SPDR Morningstar etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Morningstar Multi Asset.
Regressed Prices |
| Timeline |
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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 Morningstar 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 Morningstar security.