|SPDR SP 500 ETF -- USA Etf|| |
USD 271.40 1.71 0.63%
The entity has beta of 0.9057 which indicates SPDR SP returns are very sensitive to returns on the market. as market goes up or down, SPDR SP is expected to follow.. Even though it is essential to pay attention to SPDR SP 500
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 SP 500 ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
SPDR SP 500 Relative Risk vs. Return Landscape
If you would invest 28,269
in SPDR SP 500 ETF on January 22, 2018
and sell it today you would lose (1,129)
from holding SPDR SP 500 ETF or give up 3.99%
of portfolio value over 30
days. SPDR SP 500 ETF is generating negative expected returns assuming volatility of 1.5588% on return distribution over 30 days investment horizon. In other words, 14% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, SPDR SP 500 ETF is expected to generate 0.91 times more return on investment than the market. However, the company is 1.1 times less risky than the market. It trades about -0.11 of its potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of risk.
Based on latest financial disclosure the price to book indicator of SPDR SP 500 ETF is roughly 2.75 times. This is 74.05% higher than that of the SPDR State Street Global Advisors family, and 17.56% higher than that of Large Blend
category, The Price to Book for all etfs is 183.51% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
SPDR SP Daily Price Distribution
The median price of SPDR SP for the period between Mon, Jan 22, 2018 and Wed, Feb 21, 2018 is 275.45 with a coefficient of variation of 3.15. The daily time series for the period is distributed with a sample standard deviation of 8.66, arithmetic mean of 274.69, and mean deviation of 7.57. The Etf did not receive any noticable media coverage during the period.