SPDR DoubleLine Risk Analysis And Volatility Evaluation

STOT -- USA Etf  

USD 48.87  0.06  0.12%

We consider SPDR DoubleLine not too risky. SPDR DoubleLine Shrt owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0382 which indicates SPDR DoubleLine Shrt had 0.0382% 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-one technical indicators for SPDR DoubleLine Shrt Term TR Tact ETF which you can use to evaluate future volatility of the etf. Please validate SPDR DoubleLine to confirm if risk estimate we provide are consistent with the epected return of 0.0061%.
 Time Horizon     30 Days    Login   to change

SPDR DoubleLine Shrt Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. SPDR DoubleLine Shrt Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, SPDR DoubleLine has beta of 0.0 . This entails unless we do not have required data, the returns on DOW and SPDR DoubleLine are completely uncorrelated. Furthermore, SPDR DoubleLine Shrt Term TR Tact ETFIt does not look like SPDR DoubleLine alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of SPDR DoubleLine is 2620.86. The daily returns are destributed with a variance of 0.03 and standard deviation of 0.16. The mean deviation of SPDR DoubleLine Shrt Term TR Tact ETF is currently at 0.11. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.16
Ir
Information ratio =0.00

Actual Return Volatility

SPDR DoubleLine Shrt Term TR Tact ETF inherits 0.1589% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.3896% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

SPDR DoubleLine Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

SPDR DoubleLine Investment Opportunity
DOW has a standard deviation of returns of 1.39 and is 8.69 times more volatile than SPDR DoubleLine Shrt Term TR Tact ETF. 1% of all equities and portfolios are less risky than SPDR DoubleLine. Compared to the overall equity markets, volatility of historical daily returns of SPDR DoubleLine Shrt Term TR Tact ETF is lower than 1 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

SPDR DoubleLine Current Risk Indicators
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