|Horizon||30 Days Login to change|
SPDR DoubleLine Market Sensitivity
|As returns on market increase, SPDR DoubleLine returns are expected to increase less than the market. However during bear market, the loss on holding SPDR DoubleLine will be expected to be smaller as well.One Month Beta |Analyze SPDR DoubleLine Shrt Demand TrendCheck current 30 days SPDR DoubleLine correlation with market (DOW)|
β = 0.0764
SPDR DoubleLine Shrt Technical Analysis
SPDR DoubleLine Projected Return Density Against MarketGiven the investment horizon of 30 days, SPDR DoubleLine has beta of 0.0764 . This entails as returns on market go up, SPDR DoubleLine average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SPDR DoubleLine Shrt Term TR Tact ETF will be expected to be much smaller as well. Additionally, SPDR DoubleLine Shrt Term TR Tact 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 DoubleLine Return VolatilitySPDR DoubleLine Shrt Term TR Tact ETF inherits 0.2239% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.