SPDR SP 500 ETF has Risk Adjusted Performance of 0.1781 and Standard Deviation of 0.4166. In connection with Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check practical technical drivers of SPDR SP 500 as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found eighteen technical drivers for SPDR SP 500 ETF which can be compared to its competition. Please validate SPDR SP 500 Treynor Ratio, and the relationship between Variance and Potential Upside to decide if SPDR SP is priced adequately providing market reflects its prevalent price of 267.02 per share.
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SPDR SP 500 Trend AnalysisUse this graph to draw trend lines for SPDR SP 500 ETF. You can use it to identify possible trend reversals for SPDR SP as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual SPDR SP price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
SPDR SP Best Fit Change LineThe following chart estimates an ordinary least squares regression model for SPDR SP 500 ETF applied against its price change over selected period. The best fit line has a slop of 0.49 % which may imply that SPDR SP 500 ETF will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 193.93, which is the sum of squared deviations for the predicted SPDR SP price change compared to its average price change.
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