Spdr Global Dow Etf Market Value
| DGT Etf | USD 136.93 0.85 0.62% |
| Symbol | SPDR |
The market value of SPDR Global Dow 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 Global's value that differs from its market value or its book value, called intrinsic value, which is SPDR Global'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 Global's market value can be influenced by many factors that don't directly affect SPDR Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Global'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.
SPDR Global '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 SPDR Global's etf 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 SPDR Global.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in SPDR Global on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Global Dow or generate 0.0% return on investment in SPDR Global over 30 days. SPDR Global is related to or competes with Simplify Interest, WisdomTree Global, and JP Morgan. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More
SPDR Global 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 SPDR Global's etf 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 SPDR Global Dow upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6828 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.38 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.18 |
SPDR Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Global's standard deviation. In reality, there are many statistical measures that can use SPDR Global historical prices to predict the future SPDR Global's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0677 |
SPDR Global Dow Backtested Returns
Currently, SPDR Global Dow is very steady. SPDR Global Dow owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.054, which indicates the etf had a 0.054% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SPDR Global Dow, which you can use to evaluate the volatility of the etf. Please validate SPDR Global's risk adjusted performance of 0.061, and Coefficient Of Variation of 1239.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0367%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Global is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
SPDR Global Dow has modest predictability. Overlapping area represents the amount of predictability between SPDR Global time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 SPDR Global Dow price movement. The serial correlation of 0.54 indicates that about 54.0% of current SPDR Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
SPDR Global Dow lagged returns against current returns
Autocorrelation, which is SPDR Global etf'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 SPDR Global's etf expected returns. We can calculate the autocorrelation of SPDR Global returns to help us make a trade decision. For example, suppose you find that SPDR Global has exhibited high autocorrelation historically, and you observe that the etf 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 |
SPDR Global 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 SPDR Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Global etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Global Lagged Returns
When evaluating SPDR Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Global etf have on its future price. SPDR Global 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, SPDR Global autocorrelation shows the relationship between SPDR Global etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Global Dow.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out SPDR Global Correlation, SPDR Global Volatility and SPDR Global Alpha and Beta module to complement your research on SPDR Global. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
SPDR Global 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, etf market cycles, or different charting patterns.