SPDR MSCI (Switzerland) Market Value
| WIND Etf | USD 64.15 0.66 1.02% |
| Symbol | SPDR |
SPDR MSCI 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR MSCI's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR MSCI.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in SPDR MSCI on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding SPDR MSCI World or generate 0.0% return on investment in SPDR MSCI over 270 days. SPDR MSCI is related to or competes with SPDR MSCI, SPDR SP, SPDR MSCI, SPDR MSCI, SPDR SP, SPDR MSCI, and SPDR MSCI. The objective of the Fund is to track the performance of companies in the industrials sector, across developed markets g... More
SPDR MSCI Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR MSCI's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR MSCI World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0435 | |||
| Maximum Drawdown | 4.51 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.47 |
SPDR MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR MSCI's standard deviation. In reality, there are many statistical measures that can use SPDR MSCI historical prices to predict the future SPDR MSCI's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.1084 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 2.93 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR MSCI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR MSCI World Backtested Returns
We consider SPDR MSCI very steady. SPDR MSCI World owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR MSCI World, which you can use to evaluate the volatility of the etf. Please validate SPDR MSCI's coefficient of variation of 681.19, and Risk Adjusted Performance of 0.0924 to confirm if the risk estimate we provide is consistent with the expected return of 0.095%. The entity has a beta of 0.038, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR MSCI is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
SPDR MSCI World has good reverse predictability. Overlapping area represents the amount of predictability between SPDR MSCI time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 2024. 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 MSCI World price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current SPDR MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 6.99 |
SPDR MSCI World lagged returns against current returns
Autocorrelation, which is SPDR MSCI etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR MSCI's etf expected returns. We can calculate the autocorrelation of SPDR MSCI returns to help us make a trade decision. For example, suppose you find that SPDR MSCI has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SPDR MSCI regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR MSCI Lagged Returns
When evaluating SPDR MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR MSCI etf have on its future price. SPDR MSCI autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR MSCI autocorrelation shows the relationship between SPDR MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR MSCI World.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SPDR MSCI World is a strong investment it is important to analyze SPDR MSCI's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR MSCI's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR MSCI Correlation, SPDR MSCI Volatility and SPDR MSCI Alpha and Beta module to complement your research on SPDR MSCI. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
SPDR MSCI technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.