SPDR Portfolio Etf Technical Analysis

SPHY -  USA Etf  

USD 26.59  0.03  0.11%

As of the 24th of October, SPDR Portfolio has the coefficient of variation of 11850.39, and Risk Adjusted Performance of 0.0041. In connection with fundamental indicators, the technical analysis model makes it possible for you to check practical technical drivers of SPDR Portfolio High, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for SPDR Portfolio High, which can be compared to its competition. Please validate SPDR Portfolio High semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if SPDR Portfolio is priced adequately, providing market reflects its prevalent price of 26.59 per share.

SPDR Portfolio Technical Analysis 

 
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SPDR Portfolio 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, stock market cycles, or different charting patterns.
A focus of SPDR Portfolio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Portfolio 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...

SPDR Portfolio High Technical Analysis

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The output start index for this execution was one hundred with a total number of output elements of four hundred twenty-three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of SPDR Portfolio High volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

SPDR Portfolio High Trend Analysis

Use this graph to draw trend lines for SPDR Portfolio High. You can use it to identify possible trend reversals for SPDR Portfolio as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual SPDR Portfolio price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

SPDR Portfolio Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SPDR Portfolio High applied against its price change over selected period. The best fit line has a slop of   0.008972  , which means SPDR Portfolio High will continue generating value for investors. It has 1046 observation points and a regression sum of squares at 1919.3, which is the sum of squared deviations for the predicted SPDR Portfolio price change compared to its average price change.

About SPDR Portfolio Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of SPDR Portfolio High on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of SPDR Portfolio High based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR Portfolio High stock first instead of the macroeconomic environment surrounding SPDR Portfolio High. By analyzing SPDR Portfolio's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of SPDR Portfolio's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to SPDR Portfolio specific price patterns or momentum indicators. Please read more on our technical analysis page.

SPDR Portfolio October 24, 2021 Technical Indicators

Most technical analysis of SPDR Portfolio help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for SPDR Portfolio from various momentum indicators to cycle indicators. When you analyze SPDR Portfolio charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

SPDR Portfolio High One Year Return

Based on the recorded statements, SPDR Portfolio High has an One Year Return of 16.01%. This is 106.31% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the High Yield Bond category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Additionally, take a look at World Market Map. Note that the SPDR Portfolio High information on this page should be used as a complementary analysis to other SPDR Portfolio's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running SPDR Portfolio High price analysis, check to measure SPDR Portfolio'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 Portfolio is operating at the current time. Most of SPDR Portfolio's value examination focuses on studying past and present price action to predict the probability of SPDR Portfolio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Portfolio's price. Additionally, you may evaluate how the addition of SPDR Portfolio to your portfolios can decrease your overall portfolio volatility.
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The market value of SPDR Portfolio High is measured differently than its book value, which is the value of SPDR Portfolio that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Portfolio's value that differs from its market value or its book value, called intrinsic value, which is SPDR Portfolio'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 Portfolio's market value can be influenced by many factors that don't directly affect SPDR Portfolio High underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Portfolio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Portfolio'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.