SPDR SP Etf Market Value

SPY
 Etf
  

USD 407.68  0.77  0.19%   

SPDR SP's market value is the price at which a share of SPDR SP stock trades on a public exchange. It measures the collective expectations of SPDR SP 500 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPDR SP 500 and determine expected loss or profit from investing in SPDR SP over a given investment horizon. Additionally, take a look at SPDR SP Correlation, SPDR SP Volatility and SPDR SP Alpha and Beta module to complement your research on SPDR SP.
Symbol

The market value of SPDR SP 500 is measured differently than its book value, which is the value of SPDR SP 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 SPDR SP value 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.
0.00
11/03/2022
No Change 0.00  0.0 
In 30 days
12/03/2022
0.00
If you would invest  0.00  in SPDR SP on November 3, 2022 and sell it all today you would earn a total of 0.00 from holding SPDR SP 500 or generate 0.0% return on investment in SPDR SP over 30 days. SPDR SP is related to or competes with 3M, and Northwest Healthcare. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the... 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 500 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, frequently view 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. Please use the tools below to analyze the current value of SPDR SP in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
405.99407.68409.37
Details
Intrinsic
Valuation
LowReal ValueHigh
399.80401.49448.45
Details
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 towards taking a position in SPDR SP 500.

SPDR SP 500 Backtested Returns

We consider SPDR SP very steady. SPDR SP 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0503, which indicates the etf had 0.0503% 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-one technical indicators for SPDR SP 500, which you can use to evaluate the future volatility of the etf. Please validate SPDR SP coefficient of variation of 2585.47, and Risk Adjusted Performance of 0.0581 to confirm if the risk estimate we provide is consistent with the expected return of 0.0847%.
The entity has a beta of 1.0865, which indicates a somewhat significant risk relative to the market. Let's try to break down what SPDR SP's beta means in this case. SPDR SP returns are very sensitive to returns on the market. As the market goes up or down, SPDR SP is expected to follow. Although it is important to respect SPDR SP 500 current price movements, it is better to be realistic regarding the information on the equity's 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 SP 500 technical indicators, you can now evaluate if the expected return of 0.0847% will be sustainable into the future.

Auto-correlation

    
  0.39  

Below average predictability

SPDR SP 500 has below average predictability. Overlapping area represents the amount of predictability between SPDR SP time series from 3rd of November 2022 to 18th of November 2022 and 18th of November 2022 to 3rd of December 2022. 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 500 price movement. The serial correlation of 0.39 indicates that just about 39.0% of current SPDR SP price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.73
Residual Average0.0
Price Variance25.0

SPDR SP 500 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 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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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   
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       Timeline  

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 500.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPDR SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at SPDR SP Correlation, SPDR SP Volatility and SPDR SP Alpha and Beta module to complement your research on SPDR SP. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for analysis

When running SPDR SP 500 price analysis, check to measure SPDR SP'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 SP is operating at the current time. Most of SPDR SP's value examination focuses on studying past and present price action to predict the probability of SPDR SP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR SP's price. Additionally, you may evaluate how the addition of SPDR SP to your portfolios can decrease your overall portfolio volatility.
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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...