Spdr Dow Jones Etf Market Value
| RWX Etf | USD 23.96 0.01 0.04% |
| Symbol | SPDR |
The market value of SPDR Dow Jones 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 Dow's value that differs from its market value or its book value, called intrinsic value, which is SPDR Dow'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 Dow's market value can be influenced by many factors that don't directly affect SPDR Dow'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 Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Dow'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 Dow '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 Dow'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 Dow.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in SPDR Dow on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding SPDR Dow Jones or generate 0.0% return on investment in SPDR Dow over 720 days. SPDR Dow is related to or competes with SPDR Dow, SPDR Dow, SPDR SP, IShares Cohen, and IShares International. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More
SPDR Dow 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 Dow'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 Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.05 |
SPDR Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Dow's standard deviation. In reality, there are many statistical measures that can use SPDR Dow historical prices to predict the future SPDR Dow's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Dow's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR Dow Jones Backtested Returns
SPDR Dow Jones owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.28, which indicates the etf had a -0.28% return per unit of volatility over the last 3 months. SPDR Dow Jones exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Dow's risk adjusted performance of (0.18), and Variance of 0.6252 to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Dow is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
SPDR Dow Jones has modest reverse predictability. Overlapping area represents the amount of predictability between SPDR Dow time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Dow Jones price movement. The serial correlation of -0.46 indicates that about 46.0% of current SPDR Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
SPDR Dow Jones lagged returns against current returns
Autocorrelation, which is SPDR Dow 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 Dow's etf expected returns. We can calculate the autocorrelation of SPDR Dow returns to help us make a trade decision. For example, suppose you find that SPDR Dow 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 Dow 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 Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Dow etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Dow Lagged Returns
When evaluating SPDR Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Dow etf have on its future price. SPDR Dow 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 Dow autocorrelation shows the relationship between SPDR Dow etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Dow Jones.
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.When determining whether SPDR Dow Jones offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Dow's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Dow Jones Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Dow Jones Etf:Check out SPDR Dow Correlation, SPDR Dow Volatility and SPDR Dow Alpha and Beta module to complement your research on SPDR Dow. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
SPDR Dow 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.