Our approach towards measuring volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for SPDR MSCI Europe Materials ETF which you can use to evaluate future volatility of the fund. Please validate SPDR MSCI to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
SPDR MSCI Europe Technical Analysis
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SPDR MSCI Projected Return Density Against MarketAssuming 30 trading days horizon, SPDR MSCI has beta of 0.0 . This entails the returns on DOW and SPDR MSCI appear completely uncorrelated. Furthermore, SPDR MSCI Europe Materials ETFIt does not look like SPDR MSCI alpha can have any bearing on the equity current valuation.
Predicted Return Density
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
SPDR MSCI Return VolatilitySPDR MSCI Europe Materials ETF accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 2.0235% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 2.02 and is 9.223372036854776E16 times more volatile than SPDR MSCI Europe Materials ETF. 0% of all equities and portfolios are less risky than SPDR MSCI. Compared to the overall equity markets, volatility of historical daily returns of SPDR MSCI Europe Materials ETF is lower than 0 (%) of all global equities and portfolios over the last 30 days.
Also please take a look at World Market Map. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.