SPDR Portfolio Etf Market Value

SPGM -  USA Etf  

USD 57.54  0.03  0.05%

SPDR Portfolio's market value is the price at which a share of SPDR Portfolio stock trades on a public exchange. It measures the collective expectations of SPDR Portfolio MSCI investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPDR Portfolio MSCI and determine expected loss or profit from investing in SPDR Portfolio over a given investment horizon. Additionally, take a look at SPDR Portfolio Hype Analysis, SPDR Portfolio Correlation, Portfolio Optimization, SPDR Portfolio Volatility, as well as analyze SPDR Portfolio Alpha and Beta and SPDR Portfolio Performance.
Symbol
Backtest

The market value of SPDR Portfolio MSCI is measured differently than its book value, which is the value of SPDR Portfolio that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Portfolio's value that differs from its market value or its book value, called intrinsic value, which is SPDR Portfolio'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 Portfolio's market value can be influenced by many factors that don't directly affect SPDR Portfolio MSCI underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Portfolio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Portfolio'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 Portfolio '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 Portfolio'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 Portfolio.
0.00
01/01/2020
No Change 0.00  0.0 
In 1 year 9 months and 23 days
10/22/2021
0.00
If you would invest  0.00  in SPDR Portfolio on January 1, 2020 and sell it all today you would earn a total of 0.00 from holding SPDR Portfolio MSCI or generate 0.0% return on investment in SPDR Portfolio over 660 days. SPDR Portfolio is related to or competes with Total Stock, SP 500, Total Bond, SP 500, Vanguard Growth, FTSE Developed, and Midcap ETF. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total ret...

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

SPDR Portfolio Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Portfolio's standard deviation. In reality, there are many statistical measures that can use SPDR Portfolio historical prices to predict the future SPDR Portfolio's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPDR Portfolio'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 Portfolio in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
56.7157.4058.09
Details
Intrinsic
Valuation
LowReal ValueHigh
56.3857.0757.76
Details
Naive
Forecast
LowNext ValueHigh
58.2058.8859.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.3956.3058.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Portfolio. Your research has to be compared to or analyzed against SPDR Portfolio's peers to derive any actionable benefits. When done correctly, SPDR Portfolio'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 Portfolio MSCI.

SPDR Portfolio MSCI Backtested Returns

We consider SPDR Portfolio very steady. SPDR Portfolio MSCI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0627, which indicates the etf had 0.0627% of return per unit of volatility over the last 3 months. Our approach towards measuring the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for SPDR Portfolio MSCI, which you can use to evaluate the future volatility of the etf. Please validate SPDR Portfolio coefficient of variation of 1184.28, and Risk Adjusted Performance of 0.0593 to confirm if the risk estimate we provide is consistent with the expected return of 0.0432%.
The entity has a beta of 0.8234, which indicates possible diversification benefits within a given portfolio. Let's try to break down what SPDR Portfolio's beta means in this case. As returns on the market increase, SPDR Portfolio returns are expected to increase less than the market. However, during the bear market, the loss on holding SPDR Portfolio will be expected to be smaller as well. Although it is extremely important to respect SPDR Portfolio MSCI current price movements, it is better to be realistic regarding the information on equity historical returns. The approach towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining SPDR Portfolio MSCI technical indicators, you can now evaluate if the expected return of 0.0432% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.32   

Below average predictability

SPDR Portfolio MSCI has below average predictability. Overlapping area represents the amount of predictability between SPDR Portfolio time series from 1st of January 2020 to 26th of November 2020 and 26th of November 2020 to 22nd of October 2021. 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 Portfolio MSCI price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current SPDR Portfolio price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.44
Residual Average0.0
Price Variance8.53

SPDR Portfolio MSCI lagged returns against current returns

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

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

SPDR Portfolio Lagged Returns

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

SPDR Portfolio Investors Sentiment

The influence of SPDR Portfolio's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in SPDR Portfolio. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - SPGM

SPDR Portfolio MSCI Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SPDR Portfolio MSCI. What is your outlook on investing in SPDR Portfolio MSCI? Are you bullish or bearish?
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50% Bearish
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Additionally, take a look at SPDR Portfolio Hype Analysis, SPDR Portfolio Correlation, Portfolio Optimization, SPDR Portfolio Volatility, as well as analyze SPDR Portfolio Alpha and Beta and SPDR Portfolio Performance. Note that the SPDR Portfolio MSCI information on this page should be used as a complementary analysis to other SPDR Portfolio'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running SPDR Portfolio MSCI price analysis, check to measure SPDR Portfolio'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 Portfolio is operating at the current time. Most of SPDR Portfolio's value examination focuses on studying past and present price action to predict the probability of SPDR Portfolio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Portfolio's price. Additionally, you may evaluate how the addition of SPDR Portfolio to your portfolios can decrease your overall portfolio volatility.
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SPDR Portfolio 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, stock market cycles, or different charting patterns.
A focus of SPDR Portfolio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Portfolio 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...