Ssga Spdr Etfs Etf Price on April 16, 2021
SSEUF Etf | USD 56.28 0.29 0.52% |
If you're considering investing in SSgA OTC Etf, it is important to understand the factors that can impact its price. As of today, the current price of SSgA SPDR stands at 56.28, as last reported on the 19th of April, with the highest price reaching 56.28 and the lowest price hitting 55.91 during the day. We consider SSgA SPDR very steady. SSgA SPDR ETFs owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0044, which indicates the etf had a 0.0044% return per unit of risk over the last 3 months. We have found thirty technical indicators for SSgA SPDR ETFs, which you can use to evaluate the volatility of the etf. Please validate SSgA SPDR's Semi Deviation of 1.48, coefficient of variation of 3370.69, and Risk Adjusted Performance of 0.0237 to confirm if the risk estimate we provide is consistent with the expected return of 0.0058%.
SSgA OTC Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SSgA |
Sharpe Ratio = 0.0044
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Negative Returns | SSEUF |
Estimated Market Risk
1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SSgA SPDR is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SSgA SPDR by adding SSgA SPDR to a well-diversified portfolio.
SSgA SPDR Valuation on April 16, 2021
It is possible to determine the worth of SSgA SPDR on a given historical date. On April 16, 2021 SSgA was worth 58.33 at the beginning of the trading date compared to the closed value of 58.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SSgA SPDR otc etf. Still, in general, we apply an absolute valuation method to find SSgA SPDR's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SSgA SPDR where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SSgA SPDR's related companies.
Open | High | Low | Close | Volume | |
04/04/2022 | 58.33 | 58.80 | 58.33 | 58.50 | 2,973 |
58.86 | 58.86 | 57.35 | 57.95 | 3,605 |
Backtest SSgA SPDR | | | SSgA SPDR History | Next |
SSgA SPDR Trading Date Momentum on April 16, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.About SSgA SPDR OTC Etf history
SSgA SPDR investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SSgA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SSgA SPDR ETFs will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SSgA SPDR stock prices may prove useful in developing a viable investing in SSgA SPDR
SSgA SPDR OTC Etf Technical Analysis
SSgA SPDR technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
SSgA SPDR Period Price Range
Low | April 4, 2022
| High |
58.33 | 58.50 |
SSgA SPDR April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how SSgA SPDR otc etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SSgA SPDR shares will generate the highest return on investment. By undertsting and applying SSgA SPDR otc etf market strength indicators, traders can identify SSgA SPDR ETFs entry and exit signals to maximize returns
SSgA SPDR Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SSgA SPDR's price direction in advance. Along with the technical and fundamental analysis of SSgA OTC Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SSgA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0237 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.0186 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSgA SPDR ETFs. Also, note that the market value of any otc etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Please note, there is a significant difference between SSgA SPDR's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSgA SPDR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSgA SPDR'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.