Spdr Barclays Short Etf Market Value
| SPTS Etf | USD 28.76 0.03 0.10% |
| Symbol | SPDR |
The market value of SPDR Barclays Short 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 Barclays' value that differs from its market value or its book value, called intrinsic value, which is SPDR Barclays' 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 Barclays' market value can be influenced by many factors that don't directly affect SPDR Barclays' 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 Barclays' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Barclays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Barclays' 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 Barclays '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 Barclays' 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 Barclays.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in SPDR Barclays on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Barclays Short or generate 0.0% return on investment in SPDR Barclays over 30 days. SPDR Barclays is related to or competes with Bondbloxx ETF, Bondbloxx ETF, Bondbloxx ETF, and Bondbloxx ETF. The fund invests at least 80, of its total assets in the securities comprising the index and in securities that the Advi... More
SPDR Barclays 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 Barclays' 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 Barclays Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 0.6599 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.174 |
SPDR Barclays Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Barclays' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Barclays' standard deviation. In reality, there are many statistical measures that can use SPDR Barclays historical prices to predict the future SPDR Barclays' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Barclays' 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.
SPDR Barclays Short Backtested Returns
SPDR Barclays Short owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0123, which indicates the etf had a -0.0123% return per unit of volatility over the last 3 months. SPDR Barclays Short exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR Barclays' risk adjusted performance of (0.05), and Variance of 0.0162 to confirm the risk estimate we provide. The entity has a beta of 0.0649, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Barclays' returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Barclays is expected to be smaller as well.
Auto-correlation | -0.16 |
Insignificant reverse predictability
SPDR Barclays Short has insignificant reverse predictability. Overlapping area represents the amount of predictability between SPDR Barclays time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Barclays Short price movement. The serial correlation of -0.16 indicates that over 16.0% of current SPDR Barclays price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPDR Barclays Short lagged returns against current returns
Autocorrelation, which is SPDR Barclays 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 Barclays' etf expected returns. We can calculate the autocorrelation of SPDR Barclays returns to help us make a trade decision. For example, suppose you find that SPDR Barclays 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 |
| Timeline |
SPDR Barclays 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 Barclays etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Barclays etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Barclays etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Barclays Lagged Returns
When evaluating SPDR Barclays' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Barclays etf have on its future price. SPDR Barclays 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 Barclays autocorrelation shows the relationship between SPDR Barclays etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Barclays Short.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether SPDR Barclays Short is a strong investment it is important to analyze SPDR Barclays' 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 Barclays' future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR Barclays Correlation, SPDR Barclays Volatility and SPDR Barclays Alpha and Beta module to complement your research on SPDR Barclays. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
SPDR Barclays 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.