# SPDR Portfolio Etf Volatility

SPYG Etf | USD 52.87 0.72 1.34% |

We consider SPDR Portfolio very steady. SPDR Portfolio SP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0666, which indicates the etf had 0.0666% 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-eight technical indicators for SPDR Portfolio SP, which you can use to evaluate the future volatility of the etf. Please validate SPDR Portfolio risk adjusted performance of 0.0015, and Coefficient Of Variation of (59,631) to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.

SPDR Portfolio |

SPDR Portfolio Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of SPDR Portfolio daily returns, and it is calculated using variance and standard deviation. We also use SPDR Portfolio's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SPDR Portfolio volatility.

### 390 Days Market Risk

### Chance of Distress

### 390 Days Economic Sensitivity

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as SPDR Portfolio can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of SPDR Portfolio at lower prices. For example, an investor can purchase SPDR Portfolio stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of SPDR Portfolio's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

## Moving together with SPDR Portfolio

+ | 0.94 | VUG | Vanguard Growth Index | PairCorr | |||

+ | 0.97 | IWF | IShares Russell 1000 | PairCorr | |||

+ | 1.0 | IVW | IShares SP 500 | PairCorr | |||

+ | 1.0 | IUSG | IShares Core SP | PairCorr | |||

+ | 0.97 | VONG | Vanguard Russell 1000 | PairCorr | |||

+ | 0.95 | MGK | Vanguard Mega Cap | PairCorr |

## SPDR Portfolio Market Sensitivity And Downside Risk

SPDR Portfolio's beta coefficient measures the volatility of SPDR Portfolio etf compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents SPDR Portfolio etf's returns against your selected market. In other words, SPDR Portfolio's beta of 1.37 provides an investor with an approximation of how much risk SPDR Portfolio etf can potentially add to one of your existing portfolios.

SPDR Portfolio SP exhibits very low volatility with skewness of 1.38 and kurtosis of 4.92. However, we advise investors to further study SPDR Portfolio SP technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR Portfolio's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR Portfolio's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall. 3 Months Beta |Analyze SPDR Portfolio SP Demand TrendCheck current 90 days SPDR Portfolio correlation with market (NYSE Composite)## SPDR Portfolio Beta |

SPDR Portfolio standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

## Standard Deviation | 1.63 |

It is essential to understand the difference between upside risk (as represented by SPDR Portfolio's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of SPDR Portfolio's daily returns or price. Since the actual investment returns on holding a position in spdr portfolio etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in SPDR Portfolio.

## Using SPDR Portfolio Put Option to Manage Risk

Put options written on SPDR Portfolio grant holders of the option the right to sell a specified amount of SPDR Portfolio at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of SPDR Portfolio Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge SPDR Portfolio's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding SPDR Portfolio will be realized, the loss incurred will be offset by the profits made with the option trade.

### SPDR Portfolio's PUT expiring on 2023-02-17

Profit |

SPDR Portfolio Price At Expiration |

### Current SPDR Portfolio Insurance Chain

Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||

Put | 2023-02-17 PUT at $55.0 | -0.7858 | 0.1116 | 2 | 2023-02-17 | 2.4 - 2.6 | 2.7 | View |

Put | 2023-02-17 PUT at $54.0 | -0.6501 | 0.1314 | 6 | 2023-02-17 | 1.75 - 1.9 | 1.7 | View |

Put | 2023-02-17 PUT at $53.0 | -0.5128 | 0.1375 | 18 | 2023-02-17 | 1.2 - 1.3 | 1.16 | View |

Put | 2023-02-17 PUT at $52.0 | -0.3778 | 0.1289 | 73 | 2023-02-17 | 0.8 - 0.9 | 0.8 | View |

Put | 2023-02-17 PUT at $51.0 | -0.269 | 0.1037 | 406 | 2023-02-17 | 0.45 - 0.55 | 0.54 | View |

Put | 2023-02-17 PUT at $50.0 | -0.1716 | 0.0803 | 91 | 2023-02-17 | 0.3 - 0.35 | 0.3 | View |

Put | 2023-02-17 PUT at $49.0 | -0.1315 | 0.0582 | 42 | 2023-02-17 | 0.15 - 0.25 | 0.25 | View |

Put | 2023-02-17 PUT at $48.0 | -0.0771 | 0.0397 | 466 | 2023-02-17 | 0.05 - 0.2 | 0.13 | View |

## SPDR Portfolio SP Etf Volatility Analysis

Volatility refers to the frequency at which SPDR Portfolio etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with SPDR Portfolio's price changes. Investors will then calculate the volatility of SPDR Portfolio's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of SPDR Portfolio's volatility:

### Historical Volatility

This type of etf volatility measures SPDR Portfolio's fluctuations based on previous trends. It's commonly used to predict SPDR Portfolio's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.### Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for SPDR Portfolio's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on SPDR Portfolio's to be redeemed at a future date.Transformation |

The output start index for this execution was zero with a total number of output elements of sixty-one. SPDR Portfolio SP Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input..

## SPDR Portfolio Projected Return Density Against Market

Given the investment horizon of 90 days the etf has the beta coefficient of 1.3729 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SPDR Portfolio will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Portfolio or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Portfolio's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR Portfolio etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. SPDR Portfolio SP is significantly underperforming NYSE Composite. Predicted Return Density |

Returns |

## What Drives a SPDR Portfolio Price Volatility?

Several factors can influence a etf's market volatility:### Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.### Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.### The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.## SPDR Portfolio Etf Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Portfolio or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Portfolio's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR Portfolio etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Given the investment horizon of 90 days the coefficient of variation of SPDR Portfolio is 1502.36. The daily returns are distributed with a variance of 2.64 and standard deviation of 1.63. The mean deviation of SPDR Portfolio SP is currently at 1.16. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 1.11

α | Alpha over NYSE Composite | -0.2 | |

β | Beta against NYSE Composite | 1.37 | |

σ | Overall volatility | 1.62 | |

Ir | Information ratio | -0.09 |

## SPDR Portfolio Etf Return Volatility

SPDR Portfolio historical daily return volatility represents how much of SPDR Portfolio etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund inherits 1.625% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 1.1131% volatility on return distribution over the 90 days horizon. Performance (%) |

Timeline |

## About SPDR Portfolio Volatility

Volatility is a rate at which the price of SPDR Portfolio or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of SPDR Portfolio may increase or decrease. In other words, similar to SPDR Portfolio's beta indicator, it measures the risk of SPDR Portfolio and helps estimate the fluctuations that may happen in a short period of time. So if prices of SPDR Portfolio fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. SPDR SP is traded on NYSEARCA Exchange in the United States.

## SPDR Portfolio Investment Opportunity

SPDR Portfolio SP has a volatility of 1.63 and is 1.47 times more volatile than NYSE Composite.**14**of all equities and portfolios are less risky than SPDR Portfolio. Compared to the overall equity markets, volatility of historical daily returns of SPDR Portfolio SP is lower than

**14 ()**of all global equities and portfolios over the last 90 days. Use SPDR Portfolio SP to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of SPDR Portfolio to be traded at $51.28 in 90 days.

### Almost no diversification

The correlation between SPDR Portfolio SP and NYA is

**0.91**(i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio SP and NYA in the same portfolio, assuming nothing else is changed.## SPDR Portfolio Additional Risk Indicators

The analysis of SPDR Portfolio's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in SPDR Portfolio's investment and either accepting that risk or mitigating it. Along with some common measures of SPDR Portfolio etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

Risk Adjusted Performance | 0.0015 | |||

Market Risk Adjusted Performance | 7.0E-4 | |||

Mean Deviation | 1.23 | |||

Coefficient Of Variation | (59,631) | |||

Standard Deviation | 1.68 | |||

Variance | 2.83 | |||

Information Ratio | (0.09) |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

## SPDR Portfolio Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against SPDR Portfolio as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. SPDR Portfolio's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, SPDR Portfolio's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to SPDR Portfolio SP.

Additionally, take a look at World Market Map. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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The market value of SPDR Portfolio SP 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'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 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.