SPDR SP (Mexico) Market Value
| KRE Etf | MXN 1,312 0.00 0.00% |
| Symbol | SPDR |
SPDR SP '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 SP'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 SP.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in SPDR SP on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR SP Regional or generate 0.0% return on investment in SPDR SP over 90 days. SPDR SP is related to or competes with Vanguard Index, SPDR SP, IShares Trust, Vanguard Bond, Vanguard Tax, and Vanguard International. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total ret... More
SPDR SP 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 SP'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 SP Regional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1003 | |||
| Maximum Drawdown | 34.54 | |||
| Potential Upside | 0.6392 |
SPDR SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR SP's standard deviation. In reality, there are many statistical measures that can use SPDR SP historical prices to predict the future SPDR SP's volatility.| Risk Adjusted Performance | 0.0948 | |||
| Jensen Alpha | 0.4058 | |||
| Total Risk Alpha | 0.289 | |||
| Treynor Ratio | (0.60) |
SPDR SP Regional Backtested Returns
SPDR SP appears to be very steady, given 3 months investment horizon. SPDR SP Regional owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found seventeen technical indicators for SPDR SP Regional, which you can use to evaluate the volatility of the etf. Please review SPDR SP's risk adjusted performance of 0.0948, and Variance of 13.54 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SPDR SP are expected to decrease at a much lower rate. During the bear market, SPDR SP is likely to outperform the market.
Auto-correlation | Huge |
Perfect predictability
SPDR SP Regional has perfect predictability. Overlapping area represents the amount of predictability between SPDR SP time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 SP Regional price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current SPDR SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 322.02 |
SPDR SP Regional lagged returns against current returns
Autocorrelation, which is SPDR SP 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 SP's etf expected returns. We can calculate the autocorrelation of SPDR SP returns to help us make a trade decision. For example, suppose you find that SPDR SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR SP etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR SP Lagged Returns
When evaluating SPDR SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR SP etf have on its future price. SPDR SP 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 SP autocorrelation shows the relationship between SPDR SP etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR SP Regional.
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.Additional Information and Resources on Investing in SPDR Etf
When determining whether SPDR SP Regional is a strong investment it is important to analyze SPDR SP's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR SP Correlation, SPDR SP Volatility and SPDR SP Alpha and Beta module to complement your research on SPDR SP. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
SPDR SP 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.