We consider SPDR SP not too risky. SPDR SP 500 owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.068 which indicates SPDR SP 500 had 0.068% of return per unit of volatility over the last 1 month. Our approach towards measuring volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for SPDR SP 500 ETF which you can use to evaluate future volatility of the etf. Please validate SPDR SP Risk Adjusted Performance of 0.01 and Coefficient Of Variation of 807.45 to confirm if risk estimate we provide are consistent with the epected return of 0.0385%.
|Time Horizon||30 Days Login to change|
SPDR SP 500 Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, SPDR SP has beta of 0.0 . This entails unless we do not have required data, the returns on DOW and SPDR SP are completely uncorrelated. Furthermore, SPDR SP 500 ETFIt does not look like SPDR SP alpha can have any bearing on the equity current valuation.
Predicted Return Density