Ssga Sp 500 Fund Market Value
| SVSPX Fund | USD 271.91 2.48 0.92% |
| Symbol | Ssga |
Ssga 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 Ssga Sp's mutual fund 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 Ssga Sp.
| 07/08/2024 |
| 10/06/2024 |
If you would invest 0.00 in Ssga Sp on July 8, 2024 and sell it all today you would earn a total of 0.00 from holding Ssga Sp 500 or generate 0.0% return on investment in Ssga Sp over 90 days. Ssga Sp is related to or competes with Allianzgi Nfj, Ssga International, Oppenheimer Capital, Total Return, and Janus Global. The adviser uses an index tracking management strategy designed to track the performance of the SP 500 Index More
Ssga 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 Ssga Sp's mutual fund 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 Ssga Sp 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.64 |
Ssga Sp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssga Sp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssga Sp's standard deviation. In reality, there are many statistical measures that can use Ssga Sp historical prices to predict the future Ssga Sp's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ssga 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.
Ssga Sp 500 Backtested Returns
At this stage we consider Ssga Mutual Fund to be very steady. Ssga Sp 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0576, which indicates the fund had a 0.0576% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ssga Sp 500, which you can use to evaluate the volatility of the fund. Please validate Ssga Sp's Semi Deviation of 1.04, risk adjusted performance of 0.0565, and Coefficient Of Variation of 1489.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.058%. The entity has a beta of 1.04, which indicates a somewhat significant risk relative to the market. Ssga Sp returns are very sensitive to returns on the market. As the market goes up or down, Ssga Sp is expected to follow.
Auto-correlation | -0.39 |
Poor reverse predictability
Ssga Sp 500 has poor reverse predictability. Overlapping area represents the amount of predictability between Ssga Sp time series from 8th of July 2024 to 22nd of August 2024 and 22nd of August 2024 to 6th of October 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 Ssga Sp 500 price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Ssga Sp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 19.82 |
Ssga Sp 500 lagged returns against current returns
Autocorrelation, which is Ssga Sp mutual fund'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 Ssga Sp's mutual fund expected returns. We can calculate the autocorrelation of Ssga Sp returns to help us make a trade decision. For example, suppose you find that Ssga Sp has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Ssga 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 Ssga Sp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssga Sp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ssga Sp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ssga Sp Lagged Returns
When evaluating Ssga Sp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ssga Sp mutual fund have on its future price. Ssga 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, Ssga Sp autocorrelation shows the relationship between Ssga Sp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ssga Sp 500.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ssga Mutual Fund
Ssga Sp financial ratios help investors to determine whether Ssga Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ssga with respect to the benefits of owning Ssga Sp security.
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