SPDR Portfolio Inter Backtested Returns
Macroaxis considers SPDR Portfolio to be not too risky. SPDR Portfolio Inter
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1016 which indicates SPDR Portfolio Inter
had -0.1016% 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 Intermediate Term Corporate Bond 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 (0.12) and Coefficient Of Variation of (366.76) to confirm risk estimate we provide. The entity has beta of -0.0309 which indicates as returns on market increase, returns on owning SPDR Portfolio are expected to decrease at a much smaller rate. During bear market, SPDR Portfolio is likely to outperform the market.. Even though it is essential to pay attention to SPDR Portfolio Inter 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 Intermediate Term Corporate Bond exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.62) |
Very good reverse predictability
SPDR Portfolio Intermediate Term Corporate Bond has very good reverse predictability. Overlapping area represents the amount of predictability between SPDR Portfolio time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 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 Inter price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current SPDR Portfolio price fluctuation can be explain by its past prices. Given that SPDR Portfolio Intermediate Term Corporate Bond has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of SPDR Portfolio for similar time interval.
|Correlation Coefficient|| -0.62|
|Spearman Rank Test|| -0.67|
|Average Price|| 34.14|
|Lagged Average Price|| 34.17|
SPDR Portfolio Lagged Returns