Macroaxis considers SPDR Portfolio to be not too risky. SPDR Portfolio Interm
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2923 which indicates SPDR Portfolio Interm
had -0.2923% of return per unit of volatility over the last 1 month. 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 Portfolio Interm Term Corp Bd 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 Portfolio Risk Adjusted Performance
of 0.18 and Coefficient Of Variation of 317.12 to confirm risk estimate we provide. The entity has beta of 0.059 which indicates as returns on market increase, SPDR Portfolio returns are expected to increase less than the market. However during bear market, the loss on holding SPDR Portfolio will be expected to be smaller as well.. Even though it is essential to pay attention to SPDR Portfolio Interm 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 Portfolio Interm Term Corp Bd ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.47 |
SPDR Portfolio Interm Term Corp Bd ETF has average predictability. Overlapping area represents the amount of predictability between SPDR Portfolio time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 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 Portfolio Interm price movement. The serial correlation of 0.47 indicates that about 47.0% of current SPDR Portfolio price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.22|