SPDR Bloomberg (Netherlands) Market Value
| GOVA Etf | EUR 26.13 0.01 0.04% |
| Symbol | SPDR |
Please note, there is a significant difference between SPDR Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Bloomberg'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 Bloomberg '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 Bloomberg'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 Bloomberg.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in SPDR Bloomberg on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Bloomberg Euro or generate 0.0% return on investment in SPDR Bloomberg over 30 days. SPDR Bloomberg is related to or competes with HSBC MSCI, IShares II, Hydratec Industries, IShares VII, Aalberts Industries, IShares Asia, and Value8 NV. The objective of the SPDR Barclays Euro Government Bond UCITS ETF is to track the performance of the Eurozone government... More
SPDR Bloomberg 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 Bloomberg'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 Bloomberg Euro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4349 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.5477 |
SPDR Bloomberg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Bloomberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Bloomberg's standard deviation. In reality, there are many statistical measures that can use SPDR Bloomberg historical prices to predict the future SPDR Bloomberg's volatility.| Risk Adjusted Performance | 0.0945 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 2.41 |
SPDR Bloomberg Euro Backtested Returns
Currently, SPDR Bloomberg Euro is very steady. SPDR Bloomberg Euro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SPDR Bloomberg Euro, which you can use to evaluate the volatility of the etf. Please validate SPDR Bloomberg's coefficient of variation of 691.54, and Risk Adjusted Performance of 0.0945 to confirm if the risk estimate we provide is consistent with the expected return of 0.0362%. The entity has a beta of 0.0136, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Bloomberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Bloomberg is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
SPDR Bloomberg Euro has very good predictability. Overlapping area represents the amount of predictability between SPDR Bloomberg time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Bloomberg Euro price movement. The serial correlation of 0.83 indicates that around 83.0% of current SPDR Bloomberg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
SPDR Bloomberg Euro lagged returns against current returns
Autocorrelation, which is SPDR Bloomberg 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 Bloomberg's etf expected returns. We can calculate the autocorrelation of SPDR Bloomberg returns to help us make a trade decision. For example, suppose you find that SPDR Bloomberg 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 Bloomberg 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 Bloomberg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Bloomberg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Bloomberg etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Bloomberg Lagged Returns
When evaluating SPDR Bloomberg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Bloomberg etf have on its future price. SPDR Bloomberg 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 Bloomberg autocorrelation shows the relationship between SPDR Bloomberg etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Bloomberg Euro.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in SPDR Etf
SPDR Bloomberg 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 Bloomberg security.