SPDR DoubleLine Backtesting

STOT -- USA Etf  

USD 48.73  0.08  0.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of SPDR DoubleLine Shrt Term TR Tact ETF and determine expected loss or profit from investing in SPDR DoubleLine over given investment horizon. Also please take a look at SPDR DoubleLine Hype Analysis, SPDR DoubleLine Correlation, Portfolio Optimization, SPDR DoubleLine Volatility as well as analyze SPDR DoubleLine Alpha and Beta and SPDR DoubleLine Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

SPDR DoubleLine 'What if' Analysis

August 24, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 23, 2018
0.00
If you would invest  0.00  in SPDR DoubleLine on August 24, 2018 and sell it all today you would earn a total of 0.00 from holding SPDR DoubleLine Shrt Term TR Tact ETF or generate 0.0% return on investment in SPDR DoubleLine over 30 days. SPDR DoubleLine is related to or competes with Vanguard Short, iShares Core, iShares iBonds, WisdomTree Brclys, Boeing, McDonalds, and HP. The investment seeks to maximize current income with a dollar-weighted average effective duration between one and three ...

SPDR DoubleLine Upside/Downside Indicators

Information Ratio0.84
Maximum Drawdown0.9732
Value At Risk0.29
Potential Upside0.3086
  

SPDR DoubleLine Market Premium Indicators

Risk Adjusted Performance0.041155
Jensen Alpha0.038235
Total Risk Alpha0.11
Treynor Ratio0.33

SPDR DoubleLine Shrt Backtested Returns

Macroaxis considers SPDR DoubleLine to be not too risky. SPDR DoubleLine Shrt owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0815 which indicates SPDR DoubleLine Shrt had -0.0815% 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 DoubleLine Shrt Term TR Tact 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 DoubleLine Risk Adjusted Performance of 0.041155 and Coefficient Of Variation of 1,460 to confirm risk estimate we provide. The entity has beta of 0.0764 which indicates as returns on market increase, SPDR DoubleLine returns are expected to increase less than the market. However during bear market, the loss on holding SPDR DoubleLine will be expected to be smaller as well.. Even though it is essential to pay attention to SPDR DoubleLine Shrt 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 DoubleLine Shrt Term TR Tact ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.01 

Virtually no predictability

SPDR DoubleLine Shrt Term TR Tact ETF has virtually no predictability. Overlapping area represents the amount of predictability between SPDR DoubleLine 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 DoubleLine Shrt price movement. The serial correlation of 0.01 indicates that just 1.0% of current SPDR DoubleLine price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.01

SPDR DoubleLine Shrt lagged returns against current returns

 Current and Lagged Values 
      Timeline 

SPDR DoubleLine regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

SPDR DoubleLine Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - STOT

SPDR DoubleLine Shrt Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SPDR DoubleLine Shrt Term TR Tact ETF. What is your outlook on investing in SPDR DoubleLine Shrt Term TR Tact ETF? Are you bullish or bearish?
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50% Bearish
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Also please take a look at SPDR DoubleLine Hype Analysis, SPDR DoubleLine Correlation, Portfolio Optimization, SPDR DoubleLine Volatility as well as analyze SPDR DoubleLine Alpha and Beta and SPDR DoubleLine Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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