SSEXF OTC Stock Volatility

SSEXF -  USA Stock  

USD 33.96  0.00  0.00%

SSGA SPDR ETFS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had -0.12% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SSGA SPDR ETFS exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SSGA SPDR risk adjusted performance of (0.09), and Coefficient Of Variation of (1,011) to confirm the risk estimate we provide.

SSEXF Volatility 

 
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SSGA SPDR OTC Stock 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 SSEXF daily returns, and it is calculated using variance and standard deviation. We also use SSEXF's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SSGA SPDR volatility.

SSGA SPDR Market Sensitivity And Downside Risk

SSGA SPDR's beta coefficient measures the volatility of SSEXF otc stock 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 SSEXF otc stock's returns against your selected market. In other words, SSGA SPDR's beta of -0.0104 provides an investor with an approximation of how much risk SSGA SPDR otc stock can potentially add to one of your existing portfolios.
Let's try to break down what SSEXF's beta means in this case. As returns on the market increase, returns on owning SSGA SPDR are expected to decrease at a much lower rate. During the bear market, SSGA SPDR is likely to outperform the market.
3 Months Beta |Analyze SSGA SPDR ETFS Demand Trend
Check current 90 days SSGA SPDR correlation with market (DOW)

SSEXF Beta

    
  -0.0104  
SSEXF 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

    
  0.46  
It is essential to understand the difference between upside risk (as represented by SSGA SPDR's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of SSGA SPDR stock's daily returns or price. Since the actual investment returns on holding a position in SSGA SPDR stock 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 SSGA SPDR.

SSGA SPDR ETFS OTC Stock Volatility Analysis

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The output start index for this execution was zero with a total number of output elements of sixty-one. SSGA SPDR Typical Price indicator is an average of each day price and can be used instead of closing price when creating different SSGA SPDR ETFS moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

SSGA SPDR Projected Return Density Against Market

Assuming the 90 days horizon SSGA SPDR ETFS has a beta of -0.0104 . This usually implies as returns on benchmark increase, returns on holding SSGA SPDR are expected to decrease at a much lower rate. During the bear market, however, SSGA SPDR ETFS is likely to outperform the market.
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 SSGA SPDR or SSGA SPDR ETFS 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 SSGA SPDR stock's price will be affected by overall stock 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 SSEXF stock'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. SSGA SPDR ETFS is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

SSGA SPDR OTC Stock 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 SSGA SPDR or SSGA SPDR ETFS 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 SSGA SPDR stock's price will be affected by overall stock 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 SSEXF stock'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.
Assuming the 90 days horizon the coefficient of variation of SSGA SPDR is -862.21. The daily returns are distributed with a variance of 0.22 and standard deviation of 0.46. The mean deviation of SSGA SPDR ETFS is currently at 0.18. For similar time horizon, the selected benchmark (DOW) has volatility of 0.74
α
Alpha over DOW
-0.04
β
Beta against DOW-0.01
σ
Overall volatility
0.46
Ir
Information ratio -0.31

SSGA SPDR OTC Stock Return Volatility

SSGA SPDR historical daily return volatility represents how much SSGA SPDR stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 0.4642% volatility of returns over 90 . By contrast, DOW inherits 0.7162% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About SSGA SPDR Volatility

Volatility is a rate at which the price of SSGA SPDR 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 SSGA SPDR may increase or decrease. In other words, similar to SSEXF's beta indicator, it measures the risk of SSGA SPDR and helps estimate the fluctuations that may happen in a short period of time. So if prices of SSGA SPDR 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.
Communication Services Select Sector UCITS ETF is headquartered in Boston, Massachusetts. SSGA SPDR is traded on OTC Exchange in the United States.

SSGA SPDR Investment Opportunity

DOW has a standard deviation of returns of 0.72 and is 1.57 times more volatile than SSGA SPDR ETFS. of all equities and portfolios are less risky than SSGA SPDR. Compared to the overall equity markets, volatility of historical daily returns of SSGA SPDR ETFS is lower than 3 () of all global equities and portfolios over the last 90 days. Use SSGA SPDR ETFS to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of SSGA SPDR to be traded at $33.62 in 90 days. . Let's try to break down what SSEXF's beta means in this case. As returns on the market increase, returns on owning SSGA SPDR are expected to decrease at a much lower rate. During the bear market, SSGA SPDR is likely to outperform the market.

Good diversification

The correlation between SSGA SPDR ETFS and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSGA SPDR ETFS and DJI in the same portfolio assuming nothing else is changed.

SSGA SPDR Additional Risk Indicators

The analysis of SSGA SPDR'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 SSGA SPDR's investment and either accepting that risk or mitigating it. Along with some common measures of SSGA SPDR stock 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(0.09)
Market Risk Adjusted Performance4.1
Mean Deviation0.0979
Coefficient Of Variation(1,011)
Standard Deviation0.3291
Variance0.1083
Information Ratio(0.31)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

SSGA SPDR 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.
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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 SSGA SPDR 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. SSGA SPDR'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, SSGA SPDR'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 SSGA SPDR ETFS.
Additionally, take a look at World Market Map. Note that the SSGA SPDR ETFS information on this page should be used as a complementary analysis to other SSGA SPDR'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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