SPDR Russell (Switzerland) Market Value
| R2US Etf | CHF 58.33 0.61 1.06% |
| Symbol | SPDR |
SPDR Russell '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 Russell'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 Russell.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in SPDR Russell on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Russell 2000 or generate 0.0% return on investment in SPDR Russell over 30 days. SPDR Russell is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, Lyxor Japan, IShares Core, and Lyxor UCITS. Small Cap UCITS ETF is to track the performance of smaller U.S More
SPDR Russell 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 Russell'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 Russell 2000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0632 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.12 |
SPDR Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Russell's standard deviation. In reality, there are many statistical measures that can use SPDR Russell historical prices to predict the future SPDR Russell's volatility.| Risk Adjusted Performance | 0.0721 | |||
| Jensen Alpha | 0.1115 | |||
| Total Risk Alpha | 0.0757 | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.416 |
SPDR Russell 2000 Backtested Returns
At this stage we consider SPDR Etf to be very steady. SPDR Russell 2000 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0841, which indicates the etf had a 0.0841% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Russell 2000, which you can use to evaluate the volatility of the etf. Please validate SPDR Russell's risk adjusted performance of 0.0721, and Coefficient Of Variation of 1183.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Russell is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
SPDR Russell 2000 has good predictability. Overlapping area represents the amount of predictability between SPDR Russell time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Russell 2000 price movement. The serial correlation of 0.73 indicates that around 73.0% of current SPDR Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
SPDR Russell 2000 lagged returns against current returns
Autocorrelation, which is SPDR Russell 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 Russell's etf expected returns. We can calculate the autocorrelation of SPDR Russell returns to help us make a trade decision. For example, suppose you find that SPDR Russell 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 Russell 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 Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Russell etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Russell Lagged Returns
When evaluating SPDR Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Russell etf have on its future price. SPDR Russell 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 Russell autocorrelation shows the relationship between SPDR Russell etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Russell 2000.
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.Other Information on Investing in SPDR Etf
SPDR Russell 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 Russell security.