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.
|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.
|Spearman Rank Test||0.45|