Spdr Barclays Long Etf Market Value

SPLB Etf  USD 23.22  0.22  0.96%   
SPDR Barclays' market value is the price at which a share of SPDR Barclays trades on a public exchange. It measures the collective expectations of SPDR Barclays Long investors about its performance. SPDR Barclays is trading at 23.22 as of the 28th of March 2024, a 0.96 percent increase since the beginning of the trading day. The etf's open price was 23.0.
With this module, you can estimate the performance of a buy and hold strategy of SPDR Barclays Long and determine expected loss or profit from investing in SPDR Barclays over a given investment horizon. Check out SPDR Barclays Correlation, SPDR Barclays Volatility and SPDR Barclays Alpha and Beta module to complement your research on SPDR Barclays.
Symbol

The market value of SPDR Barclays Long 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 Barclays' value that differs from its market value or its book value, called intrinsic value, which is SPDR Barclays' 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 Barclays' market value can be influenced by many factors that don't directly affect SPDR Barclays' 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 Barclays' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Barclays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Barclays' 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 Barclays '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 Barclays' 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 Barclays.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in SPDR Barclays on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Barclays Long or generate 0.0% return on investment in SPDR Barclays over 30 days. SPDR Barclays is related to or competes with Travelers Companies, HP, and Home Depot. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More

SPDR Barclays 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 Barclays' 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 Barclays Long upside and downside potential and time the market with a certain degree of confidence.

SPDR Barclays Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Barclays' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Barclays' standard deviation. In reality, there are many statistical measures that can use SPDR Barclays historical prices to predict the future SPDR Barclays' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Barclays' 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.
Hype
Prediction
LowEstimatedHigh
22.3823.0023.62
Details
Intrinsic
Valuation
LowRealHigh
22.4223.0423.66
Details
Naive
Forecast
LowNextHigh
22.0522.6623.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.9223.0423.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Barclays. Your research has to be compared to or analyzed against SPDR Barclays' peers to derive any actionable benefits. When done correctly, SPDR Barclays' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SPDR Barclays Long.

SPDR Barclays Long Backtested Returns

SPDR Barclays Long owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0395, which indicates the etf had a -0.0395% return per unit of volatility over the last 3 months. SPDR Barclays Long exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Barclays' risk adjusted performance of (0.01), and Variance of 0.3991 to confirm the risk estimate we provide. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR Barclays' returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Barclays is expected to be smaller as well.

Auto-correlation

    
  0.38  

Below average predictability

SPDR Barclays Long has below average predictability. Overlapping area represents the amount of predictability between SPDR Barclays time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Barclays Long price movement. The serial correlation of 0.38 indicates that just about 38.0% of current SPDR Barclays price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.63
Residual Average0.0
Price Variance0.01

SPDR Barclays Long lagged returns against current returns

Autocorrelation, which is SPDR Barclays 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 Barclays' etf expected returns. We can calculate the autocorrelation of SPDR Barclays returns to help us make a trade decision. For example, suppose you find that SPDR Barclays 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 Barclays 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 Barclays etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Barclays etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Barclays etf over time.
   Current vs Lagged Prices   
       Timeline  

SPDR Barclays Lagged Returns

When evaluating SPDR Barclays' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Barclays etf have on its future price. SPDR Barclays 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 Barclays autocorrelation shows the relationship between SPDR Barclays etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Barclays Long.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether SPDR Barclays Long is a strong investment it is important to analyze SPDR Barclays' 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 Barclays' future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out SPDR Barclays Correlation, SPDR Barclays Volatility and SPDR Barclays Alpha and Beta module to complement your research on SPDR Barclays.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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SPDR Barclays 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.
A focus of SPDR Barclays technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Barclays trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...