|Horizon||30 Days Login to change|
SPDR SP Market Sensitivity
|As returns on market increase, SPDR SP returns are expected to increase less than the market. However during bear market, the loss on holding SPDR SP will be expected to be smaller as well.One Month Beta |Analyze SPDR SP Dividend Demand TrendCheck current 30 days SPDR SP correlation with market (DOW)|
β = 0.5682
SPDR SP Dividend Technical Analysis
SPDR SP Projected Return Density Against MarketConsidering 30-days investment horizon, SPDR SP has beta of 0.5682 . This entails as returns on market go up, SPDR SP average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SPDR SP Dividend ETF will be expected to be much smaller as well. Additionally, SPDR SP Dividend ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
SPDR SP Return VolatilitySPDR SP Dividend ETF has volatility of 1.2902% on return distribution over 30 days investment horizon. DOW inherits 1.0678% risk (volatility on return distribution) over the 30 days horizon.