|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 500 Demand TrendCheck current 30 days SPDR SP correlation with market (DOW)|
β = 0.1502
SPDR SP 500 Technical Analysis
SPDR SP Projected Return Density Against MarketConsidering 30-days investment horizon, SPDR SP has beta of 0.1502 . 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 500 ETF will be expected to be much smaller as well. Moreover, SPDR SP 500 ETF has an alpha of 0.0795 implying that it can potentially generate 0.0795% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
SPDR SP Return VolatilitySPDR SP 500 ETF has volatility of 0.431% on return distribution over 30 days investment horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.