Ssga Sp 500 Fund Market Value

SVSPX Fund  USD 259.11  0.40  0.15%   
Ssga Sp's market value is the price at which a share of Ssga Sp trades on a public exchange. It measures the collective expectations of Ssga Sp 500 investors about its performance. Ssga Sp is trading at 259.11 as of the 22nd of June 2024; that is -0.15 percent decrease since the beginning of the trading day. The fund's open price was 259.51.
With this module, you can estimate the performance of a buy and hold strategy of Ssga Sp 500 and determine expected loss or profit from investing in Ssga Sp over a given investment horizon. Check out Ssga Sp Correlation, Ssga Sp Volatility and Ssga Sp Alpha and Beta module to complement your research on Ssga Sp.
Symbol

Please note, there is a significant difference between Ssga Sp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ssga Sp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ssga 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.

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.
0.00
05/23/2024
No Change 0.00  0.0 
In 31 days
06/22/2024
0.00
If you would invest  0.00  in Ssga Sp on May 23, 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 30 days. Ssga Sp is related to or competes with State Street, State Street, Ssga International, State Street, State Street, State Street, and State Street. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
258.84259.51260.18
Details
Intrinsic
Valuation
LowRealHigh
233.56276.81277.48
Details
Naive
Forecast
LowNextHigh
265.73266.40267.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
246.34253.62260.89
Details

Ssga Sp 500 Backtested Returns

We consider Ssga Sp very steady. Ssga Sp 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ssga Sp 500, which you can use to evaluate the volatility of the fund. Please validate Ssga Sp's Risk Adjusted Performance of 0.1007, coefficient of variation of 666.33, and Semi Deviation of 0.5529 to confirm if the risk estimate we provide is consistent with the expected return of 0.0817%. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ssga Sp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ssga Sp is expected to be smaller as well.

Auto-correlation

    
  0.31  

Below average predictability

Ssga Sp 500 has below average predictability. Overlapping area represents the amount of predictability between Ssga Sp time series from 23rd of May 2024 to 7th of June 2024 and 7th of June 2024 to 22nd of June 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 0.31 indicates that nearly 31.0% of current Ssga Sp price fluctuation can be explain by its past prices.
Correlation Coefficient0.31
Spearman Rank Test0.27
Residual Average0.0
Price Variance5.35

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  

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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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