Spdr Nuveen Municipal Etf Probability of Future Etf Price Finishing Under 27.28
| MBND Etf | USD 27.79 0.11 0.40% |
SPDR |
SPDR Nuveen Target Price Odds to finish below 27.28
The tendency of SPDR Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 27.28 or more in 90 days |
| 27.79 | 90 days | 27.28 | near 1 |
Based on a normal probability distribution, the odds of SPDR Nuveen to drop to $ 27.28 or more in 90 days from now is near 1 (This SPDR Nuveen Municipal probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) . Probability of SPDR Nuveen Municipal price to stay between $ 27.28 and its current price of $27.79 at the end of the 90-day period is about 76.06 .
Given the investment horizon of 90 days SPDR Nuveen Municipal has a beta of -0.0869. This indicates as returns on the benchmark increase, returns on holding SPDR Nuveen are expected to decrease at a much lower rate. During a bear market, however, SPDR Nuveen Municipal is likely to outperform the market. Additionally SPDR Nuveen Municipal has an alpha of 0.0062, implying that it can generate a 0.006229 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SPDR Nuveen Price Density |
| Price |
Predictive Modules for SPDR Nuveen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPDR Nuveen Municipal. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.SPDR Nuveen Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SPDR Nuveen is not an exception. The market had few large corrections towards the SPDR Nuveen's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold SPDR Nuveen Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SPDR Nuveen within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.56 |
SPDR Nuveen Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of SPDR Nuveen for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SPDR Nuveen Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SPDR Nuveen Municipal currently holds 41.22 M in liabilities with Debt to Equity (D/E) ratio of 0.59, which is about average as compared to similar companies. SPDR Nuveen Municipal has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SPDR Nuveen until it has trouble settling it off, either with new capital or with free cash flow. So, SPDR Nuveen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SPDR Nuveen Municipal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SPDR to invest in growth at high rates of return. When we think about SPDR Nuveen's use of debt, we should always consider it together with cash and equity. | |
| About 14.0% of SPDR Nuveen outstanding shares are owned by corporate insiders | |
| The fund created three year return of 0.0% | |
| SPDR Nuveen Municipal maintains most of the assets in different exotic instruments. |
SPDR Nuveen Technical Analysis
SPDR Nuveen's future price can be derived by breaking down and analyzing its technical indicators over time. SPDR Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SPDR Nuveen Municipal. In general, you should focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environments and drivers.
SPDR Nuveen Predictive Forecast Models
SPDR Nuveen's time-series forecasting models is one of many SPDR Nuveen's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary SPDR Nuveen's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about SPDR Nuveen Municipal
Checking the ongoing alerts about SPDR Nuveen for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPDR Nuveen Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SPDR Nuveen Municipal currently holds 41.22 M in liabilities with Debt to Equity (D/E) ratio of 0.59, which is about average as compared to similar companies. SPDR Nuveen Municipal has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SPDR Nuveen until it has trouble settling it off, either with new capital or with free cash flow. So, SPDR Nuveen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SPDR Nuveen Municipal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SPDR to invest in growth at high rates of return. When we think about SPDR Nuveen's use of debt, we should always consider it together with cash and equity. | |
| About 14.0% of SPDR Nuveen outstanding shares are owned by corporate insiders | |
| The fund created three year return of 0.0% | |
| SPDR Nuveen Municipal maintains most of the assets in different exotic instruments. |
Check out SPDR Nuveen Backtesting, Portfolio Optimization, SPDR Nuveen Correlation, SPDR Nuveen Hype Analysis, SPDR Nuveen Volatility, SPDR Nuveen History as well as SPDR Nuveen Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of SPDR Nuveen Municipal is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Nuveen's value that differs from its market value or its book value, called intrinsic value, which is SPDR Nuveen'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 Nuveen's market value can be influenced by many factors that don't directly affect SPDR Nuveen'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 Nuveen's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Nuveen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Nuveen'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.