Spdr Nuveen Municipal Etf Market Value
| MBND Etf | USD 27.19 0.09 0.33% |
| Symbol | SPDR |
The market value of SPDR Nuveen Municipal is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Nuveen's value that differs from its market value or its book value, called intrinsic value, which is SPDR Nuveen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Nuveen's market value can be influenced by many factors that don't directly affect SPDR Nuveen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Nuveen's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Nuveen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Nuveen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SPDR Nuveen 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR Nuveen's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR Nuveen.
| 02/27/2024 |
| 05/27/2024 |
If you would invest 0.00 in SPDR Nuveen on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Nuveen Municipal or generate 0.0% return on investment in SPDR Nuveen over 90 days. SPDR Nuveen is related to or competes with Mountain Commerce, Magyar Bancorp, Nortech Systems, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Normally, the fund invests at least 80 percent of its net assets in municipal bonds that pay income that is exempt from ... More
SPDR Nuveen Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR Nuveen's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR Nuveen Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 0.9208 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2206 |
SPDR Nuveen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Nuveen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Nuveen's standard deviation. In reality, there are many statistical measures that can use SPDR Nuveen historical prices to predict the future SPDR Nuveen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Nuveen's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR Nuveen Municipal Backtested Returns
SPDR Nuveen Municipal owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0341, which indicates the etf had a -0.0341% return per unit of volatility over the last 3 months. SPDR Nuveen Municipal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Nuveen's variance of 0.0267, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.0776, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Nuveen's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Nuveen is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
SPDR Nuveen Municipal has insignificant reverse predictability. Overlapping area represents the amount of predictability between SPDR Nuveen time series from 27th of February 2024 to 12th of April 2024 and 12th of April 2024 to 27th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPDR Nuveen Municipal price movement. The serial correlation of -0.19 indicates that over 19.0% of current SPDR Nuveen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SPDR Nuveen Municipal lagged returns against current returns
Autocorrelation, which is SPDR Nuveen etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR Nuveen's etf expected returns. We can calculate the autocorrelation of SPDR Nuveen returns to help us make a trade decision. For example, suppose you find that SPDR Nuveen has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SPDR Nuveen regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR Nuveen etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Nuveen etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Nuveen etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Nuveen Lagged Returns
When evaluating SPDR Nuveen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Nuveen etf have on its future price. SPDR Nuveen autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR Nuveen autocorrelation shows the relationship between SPDR Nuveen etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Nuveen Municipal.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SPDR Nuveen Municipal is a strong investment it is important to analyze SPDR Nuveen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Nuveen's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR Nuveen Correlation, SPDR Nuveen Volatility and SPDR Nuveen Alpha and Beta module to complement your research on SPDR Nuveen. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
SPDR Nuveen technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.