Spdr Kensho New Etf Market Value
| KOMP Etf | USD 50.95 0.43 0.85% |
| Symbol | SPDR |
The market value of SPDR Kensho New 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 Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Kensho is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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 Kensho '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 Kensho'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 Kensho.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in SPDR Kensho on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding SPDR Kensho New or generate 0.0% return on investment in SPDR Kensho over 30 days. SPDR Kensho is related to or competes with SPDR Kensho, SPDR SP, SPDR SP, and SPDR SP. Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in th... More
SPDR Kensho 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 Kensho'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 Kensho New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.62 |
SPDR Kensho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Kensho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Kensho's standard deviation. In reality, there are many statistical measures that can use SPDR Kensho historical prices to predict the future SPDR Kensho's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.03) |
SPDR Kensho New Backtested Returns
SPDR Kensho New owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0749, which indicates the etf had a -0.0749 % return per unit of volatility over the last 3 months. SPDR Kensho New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Kensho's variance of 1.7, and Risk Adjusted Performance of (0) to confirm the risk estimate we provide. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR Kensho's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Kensho is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
SPDR Kensho New has very good reverse predictability. Overlapping area represents the amount of predictability between SPDR Kensho time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Kensho New price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current SPDR Kensho price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
SPDR Kensho New lagged returns against current returns
Autocorrelation, which is SPDR Kensho 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 Kensho's etf expected returns. We can calculate the autocorrelation of SPDR Kensho returns to help us make a trade decision. For example, suppose you find that SPDR Kensho 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 Kensho 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 Kensho etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Kensho etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Kensho etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Kensho Lagged Returns
When evaluating SPDR Kensho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Kensho etf have on its future price. SPDR Kensho 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 Kensho autocorrelation shows the relationship between SPDR Kensho etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Kensho New.
Regressed Prices |
| Timeline |
Pair Trading with SPDR Kensho
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR Kensho position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR Kensho will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.92 | VOT | Vanguard Mid Cap | PairCorr |
| 0.93 | IWP | iShares Russell Mid | PairCorr |
| 0.64 | ARKK | ARK Innovation ETF | PairCorr |
| 0.8 | IJK | iShares SP Mid | PairCorr |
| 0.88 | JKH | iShares Morningstar Mid | PairCorr |
The ability to find closely correlated positions to SPDR Kensho could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Kensho when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Kensho - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Kensho New to buy it.
The correlation of SPDR Kensho is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Kensho moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Kensho New moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR Kensho can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SPDR Kensho Correlation, SPDR Kensho Volatility and SPDR Kensho Alpha and Beta module to complement your research on SPDR Kensho. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
SPDR Kensho 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.