Spdr Sp 400 Etf Market Value

MDYG Etf  USD 81.23  0.31  0.38%   
SPDR SP's market value is the price at which a share of SPDR SP trades on a public exchange. It measures the collective expectations of SPDR SP 400 investors about its performance. SPDR SP is trading at 81.23 as of the 19th of April 2024. This is a -0.38% down since the beginning of the trading day. The etf's lowest day price was 81.06.
With this module, you can estimate the performance of a buy and hold strategy of SPDR SP 400 and determine expected loss or profit from investing in SPDR SP over a given investment horizon. Check out SPDR SP Correlation, SPDR SP Volatility and SPDR SP Alpha and Beta module to complement your research on SPDR SP.

The market value of SPDR SP 400 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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 SP '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 SP'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 SP.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in SPDR SP on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR SP 400 or generate 0.0% return on investment in SPDR SP over 30 days. SPDR SP is related to or competes with Motley Fool, RBB Fund, Thrivent High, Morningstar Unconstrained, High Yield, Via Renewables, and T Rowe. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More

SPDR SP 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 SP'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 SP 400 upside and downside potential and time the market with a certain degree of confidence.

SPDR SP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR SP's standard deviation. In reality, there are many statistical measures that can use SPDR SP historical prices to predict the future SPDR SP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR SP'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.
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR SP. Your research has to be compared to or analyzed against SPDR SP's peers to derive any actionable benefits. When done correctly, SPDR SP's 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 SP 400.

SPDR SP 400 Backtested Returns

We consider SPDR SP very steady. SPDR SP 400 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR SP 400, which you can use to evaluate the volatility of the etf. Please validate SPDR SP's coefficient of variation of 680.39, and Risk Adjusted Performance of 0.0944 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 1.39, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR SP will likely underperform.



Weak predictability

SPDR SP 400 has weak predictability. Overlapping area represents the amount of predictability between SPDR SP time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 SP 400 price movement. The serial correlation of 0.23 indicates that over 23.0% of current SPDR SP price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.14
Residual Average0.0
Price Variance3.28

SPDR SP 400 lagged returns against current returns

Autocorrelation, which is SPDR SP 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 SP's etf expected returns. We can calculate the autocorrelation of SPDR SP returns to help us make a trade decision. For example, suppose you find that SPDR SP 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   

SPDR SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR SP etf over time.
   Current vs Lagged Prices   

SPDR SP Lagged Returns

When evaluating SPDR SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR SP etf have on its future price. SPDR SP 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 SP autocorrelation shows the relationship between SPDR SP etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR SP 400.
   Regressed Prices   

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When determining whether SPDR SP 400 is a strong investment it is important to analyze SPDR SP'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 SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out SPDR SP Correlation, SPDR SP Volatility and SPDR SP Alpha and Beta module to complement your research on SPDR SP.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
SPDR SP 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 SP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR SP 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...