SPDR Bl (Germany) Risk Analysis And Volatility Evaluation

SYBN -- Germany Fund  

EUR 25.66  0.35  1.35%

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 Bl Ba 10Y US Co Bd UETF R which you can use to evaluate future volatility of the fund. Please validate SPDR Bl Risk Adjusted Performance of 0.1553 and Coefficient Of Variation of 797.21 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

SPDR Bl Market Sensitivity

As returns on market increase, returns on owning SPDR Bl are expected to decrease at a much smaller rate. During bear market, SPDR Bl is likely to outperform the market.
2 Months Beta |Analyze SPDR Bl Ba Demand Trend
Check current 30 days SPDR Bl correlation with market (DOW)
β = -0.0118

SPDR Bl Central Daily Price Deviation

SPDR Bl Ba Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

SPDR Bl Projected Return Density Against Market

Assuming 30 trading days horizon, SPDR Bl Ba 10Y US Co Bd UETF R has beta of -0.0118 . This entails as returns on benchmark increase, returns on holding SPDR Bl are expected to decrease at a much smaller rate. During bear market, however, SPDR Bl Ba 10Y US Co Bd UETF R is likely to outperform the market. Moreover, SPDR Bl Ba 10Y US Co Bd UETF R has an alpha of 0.1076 implying that it can potentially generate 0.1076% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.11
β
Beta against DOW=0.01
σ
Overall volatility
=0.00
Ir
Information ratio =0.16

SPDR Bl Return Volatility

SPDR Bl Ba 10Y US Co Bd UETF R accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.2766% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

SPDR Bl Investment Opportunity

DOW has a standard deviation of returns of 1.28 and is 9.223372036854776E16 times more volatile than SPDR Bl Ba 10Y US Co Bd UETF R. 0% of all equities and portfolios are less risky than SPDR Bl. Compared to the overall equity markets, volatility of historical daily returns of SPDR Bl Ba 10Y US Co Bd UETF R is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use SPDR Bl Ba 10Y US Co Bd UETF R to protect against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of SPDR Bl to be traded at €24.89 in 30 days. As returns on market increase, returns on owning SPDR Bl are expected to decrease at a much smaller rate. During bear market, SPDR Bl is likely to outperform the market.

SPDR Bl correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SPDR Bl Ba 10Y US Co Bd UETF R and equity matching DJI index in the same portfolio.

SPDR Bl Volatility Indicators

SPDR Bl Ba 10Y US Co Bd UETF R Current Risk Indicators

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