Spdr Morgan Stanley Etf Market Value
| XNTK Etf | USD 209.46 4.61 2.15% |
| Symbol | SPDR |
The market value of SPDR Morgan Stanley 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 Morgan's value that differs from its market value or its book value, called intrinsic value, which is SPDR Morgan'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 Morgan's market value can be influenced by many factors that don't directly affect SPDR Morgan'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 Morgan's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Morgan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Morgan'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 Morgan '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 Morgan'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 Morgan.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in SPDR Morgan on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding SPDR Morgan Stanley or generate 0.0% return on investment in SPDR Morgan over 30 days. SPDR Morgan is related to or competes with SPDR FactSet, SPDR SP, SPDR SP, and IShares Expanded. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More
SPDR Morgan 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 Morgan'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 Morgan Stanley upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.27 |
SPDR Morgan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Morgan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Morgan's standard deviation. In reality, there are many statistical measures that can use SPDR Morgan historical prices to predict the future SPDR Morgan's volatility.| Risk Adjusted Performance | 0.0383 | |||
| Jensen Alpha | 0.0515 | |||
| Total Risk Alpha | 0.0448 | |||
| Sortino Ratio | 0.0333 | |||
| Treynor Ratio | 0.0947 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Morgan'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 Morgan Stanley Backtested Returns
As of now, SPDR Etf is very steady. SPDR Morgan Stanley owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0299, which indicates the etf had a 0.0299 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for SPDR Morgan Stanley, which you can use to evaluate the volatility of the etf. Please validate SPDR Morgan's coefficient of variation of 2191.58, and Risk Adjusted Performance of 0.0383 to confirm if the risk estimate we provide is consistent with the expected return of 0.0445%. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR Morgan's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Morgan is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
SPDR Morgan Stanley has weak reverse predictability. Overlapping area represents the amount of predictability between SPDR Morgan time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 Morgan Stanley price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current SPDR Morgan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 34.47 |
SPDR Morgan Stanley lagged returns against current returns
Autocorrelation, which is SPDR Morgan 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 Morgan's etf expected returns. We can calculate the autocorrelation of SPDR Morgan returns to help us make a trade decision. For example, suppose you find that SPDR Morgan 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 Morgan 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 Morgan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Morgan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Morgan etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Morgan Lagged Returns
When evaluating SPDR Morgan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Morgan etf have on its future price. SPDR Morgan 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 Morgan autocorrelation shows the relationship between SPDR Morgan etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Morgan Stanley.
Regressed Prices |
| Timeline |
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SPDR Morgan 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.