SPDR Russell Etf Market Value

ONEO Etf

USD 89.54 1.54 1.69%

SPDR Russell's market value is the price at which a share of SPDR Russell stock trades on a public exchange. It measures the collective expectations of SPDR Russell 1000 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPDR Russell 1000 and determine expected loss or profit from investing in SPDR Russell over a given investment horizon. Please check SPDR Russell Correlation, SPDR Russell Volatility and SPDR Russell Alpha and Beta module to complement your research on SPDR Russell.

Symbol

The market value of SPDR Russell 1000 is measured differently than its book value, which is the value of SPDR Russell that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Russell's value that differs from its market value or its book value, called intrinsic value, which is SPDR Russell'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 Russell's market value can be influenced by many factors that don't directly affect SPDR Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Russell value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Russell'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 Russell '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 Russell'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 Russell.

0.00

02/18/2023

No Change 0.00

0.0

In 30 days

03/20/2023

0.00

If you would invest 0.00 in SPDR Russell on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding SPDR Russell 1000 or generate 0.0% return on investment in SPDR Russell over 30 days. SPDR Russell is related to or competes with International Business, Morningstar Unconstrained, Bondbloxx ETF, and AMPL. Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in th... More

SPDR Russell 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 Russell'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 Russell 1000 upside and downside potential and time the market with a certain degree of confidence.

	Information Ratio	0.0071
	Maximum Drawdown	4.85
	Value At Risk	(1.92)
	Potential Upside	1.56

SPDR Russell Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Russell's standard deviation. In reality, there are many statistical measures that can use SPDR Russell historical prices to predict the future SPDR Russell's volatility.

	Risk Adjusted Performance	(0.06)
	Jensen Alpha	0.019
	Total Risk Alpha	0.022
	Treynor Ratio	(0.08)

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPDR Russell'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. Please use the tools below to analyze the current value of SPDR Russell in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
88.47	89.54	90.61

Details

Intrinsic

Valuation

Low	Real Value	High
80.59	90.84	91.91

Details

Naive

Forecast

Low	Next Value	High
86.54	87.61	88.69

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
88.63	90.38	92.14

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Russell. Your research has to be compared to or analyzed against SPDR Russell's peers to derive any actionable benefits. When done correctly, SPDR Russell's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SPDR Russell 1000.

SPDR Russell 1000 Backtested Returns

SPDR Russell 1000 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0222, which indicates the etf had -0.0222% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SPDR Russell 1000 exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPDR Russell coefficient of variation of (1,443), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.

The entity has a beta of 1.1206, which indicates a somewhat significant risk relative to the market. Let's try to break down what SPDR Russell's beta means in this case. SPDR Russell returns are very sensitive to returns on the market. As the market goes up or down, SPDR Russell is expected to follow. Even though it is essential to pay attention to SPDR Russell 1000 current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SPDR Russell 1000 exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

-0.4

Poor reverse predictability

SPDR Russell 1000 has poor reverse predictability. Overlapping area represents the amount of predictability between SPDR Russell time series from 18th of February 2023 to 5th of March 2023 and 5th of March 2023 to 20th of March 2023. 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 Russell 1000 price movement. The serial correlation of -0.4 indicates that just about 40.0% of current SPDR Russell price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.4
	Spearman Rank Test	-0.53
	Residual Average	0.0
	Price Variance	6.73

SPDR Russell 1000 lagged returns against current returns

Autocorrelation, which is SPDR Russell 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 Russell's etf expected returns. We can calculate the autocorrelation of SPDR Russell returns to help us make a trade decision. For example, suppose you find that SPDR Russell etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.

Current and Lagged Values

Timeline

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

Current vs Lagged Prices

Timeline

SPDR Russell Lagged Returns

When evaluating SPDR Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Russell etf have on its future price. SPDR Russell 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 Russell autocorrelation shows the relationship between SPDR Russell etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Russell 1000.

Regressed Prices

Timeline

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SPDR Russell in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SPDR Russell's short interest history, or implied volatility extrapolated from SPDR Russell options trading.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as SPDR Russell 1000 using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check SPDR Russell Correlation, SPDR Russell Volatility and SPDR Russell Alpha and Beta module to complement your research on SPDR Russell. Note that the SPDR Russell 1000 information on this page should be used as a complementary analysis to other SPDR Russell's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for SPDR Russell Etf analysis

When running SPDR Russell 1000 price analysis, check to measure SPDR Russell's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR Russell is operating at the current time. Most of SPDR Russell's value examination focuses on studying past and present price action to predict the probability of SPDR Russell's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Russell's price. Additionally, you may evaluate how the addition of SPDR Russell to your portfolios can decrease your overall portfolio volatility.

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SPDR Russell 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.

Volatility Indicators

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Value Movement

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A focus of SPDR Russell technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Russell 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...

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SPDR Russell Etf Market Value

SPDR Russell 'What if' Analysis

SPDR Russell Upside/Downside Indicators

SPDR Russell Market Risk Indicators

SPDR Russell 1000 Backtested Returns

Auto-correlation

Poor reverse predictability

SPDR Russell 1000 lagged returns against current returns

SPDR Russell regressed lagged prices vs. current prices

SPDR Russell Lagged Returns

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for SPDR Russell Etf analysis

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