Macroaxis considers SPDR SP to be not too risky. SPDR SP Dividend
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0178 which indicates SPDR SP Dividend
had -0.0178% of return per unit of volatility over the last 2 months. Macroaxis approach towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. SPDR SP Dividend ETF exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPDR SP Risk Adjusted Performance
of 0.098982 and Coefficient Of Variation of 1,831 to confirm risk estimate we provide. The entity has beta of 0.0716 which indicates as returns on market increase, SPDR SP returns are expected to increase less than the market. However during bear market, the loss on holding SPDR SP will be expected to be smaller as well.. Even though it is essential to pay attention to SPDR SP Dividend current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SPDR SP Dividend ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.21 |
SPDR SP Dividend ETF has weak predictability. Overlapping area represents the amount of predictability between SPDR SP time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 23, 2018. 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 Dividend price movement. The serial correlation of 0.21 indicates that over 21.0% of current SPDR SP price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.21|
|Spearman Rank Test|| 0.33|
|Price Variance|| 0.74|
|Lagged Price Variance|| 0.8|