Spdr Blackstone Senior Etf Market Value
| SRLN Etf | USD 41.98 0.03 0.07% |
| Symbol | SPDR |
The market value of SPDR Blackstone Senior 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 Blackstone's value that differs from its market value or its book value, called intrinsic value, which is SPDR Blackstone'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 Blackstone's market value can be influenced by many factors that don't directly affect SPDR Blackstone'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 Blackstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Blackstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Blackstone'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 Blackstone '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 Blackstone'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 Blackstone.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in SPDR Blackstone on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Blackstone Senior or generate 0.0% return on investment in SPDR Blackstone over 30 days. SPDR Blackstone is related to or competes with Invesco Senior, First Trust, SPDR Bloomberg, SPDR Bloomberg, and IShares Floating. The fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA US Leveraged Loan... More
SPDR Blackstone 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 Blackstone'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 Blackstone Senior upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.106 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.4824 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1937 |
SPDR Blackstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Blackstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Blackstone's standard deviation. In reality, there are many statistical measures that can use SPDR Blackstone historical prices to predict the future SPDR Blackstone's volatility.| Risk Adjusted Performance | 0.1558 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.2031 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Blackstone'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.
SPDR Blackstone Senior Backtested Returns
We consider SPDR Blackstone very steady. SPDR Blackstone Senior owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.34, which indicates the etf had a 0.34% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Blackstone Senior, which you can use to evaluate the volatility of the etf. Please validate SPDR Blackstone's standard deviation of 0.098, and Risk Adjusted Performance of 0.1558 to confirm if the risk estimate we provide is consistent with the expected return of 0.0341%. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Blackstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Blackstone is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
SPDR Blackstone Senior has no correlation between past and present. Overlapping area represents the amount of predictability between SPDR Blackstone 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 Blackstone Senior price movement. The serial correlation of 0.0 indicates that just 0.0% of current SPDR Blackstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPDR Blackstone Senior lagged returns against current returns
Autocorrelation, which is SPDR Blackstone 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 Blackstone's etf expected returns. We can calculate the autocorrelation of SPDR Blackstone returns to help us make a trade decision. For example, suppose you find that SPDR Blackstone 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 Blackstone 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 Blackstone etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Blackstone etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Blackstone etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Blackstone Lagged Returns
When evaluating SPDR Blackstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Blackstone etf have on its future price. SPDR Blackstone 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 Blackstone autocorrelation shows the relationship between SPDR Blackstone etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Blackstone Senior.
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 Blackstone 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 Blackstone's short interest history, or implied volatility extrapolated from SPDR Blackstone options trading.
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When determining whether SPDR Blackstone Senior offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Blackstone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Blackstone Senior Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Blackstone Senior Etf:Check out SPDR Blackstone Correlation, SPDR Blackstone Volatility and SPDR Blackstone Alpha and Beta module to complement your research on SPDR Blackstone. You can also try the Stocks Directory module to find actively traded stocks across global markets.
SPDR Blackstone 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.