Spdr Kensho New Etf Market Value

KOMP Etf  USD 52.63  0.64  1.23%   
SPDR Kensho's market value is the price at which a share of SPDR Kensho trades on a public exchange. It measures the collective expectations of SPDR Kensho New investors about its performance. SPDR Kensho is selling at 52.63 as of the 22nd of November 2024; that is 1.23 percent increase since the beginning of the trading day. The etf's last reported lowest price was 51.9.
With this module, you can estimate the performance of a buy and hold strategy of SPDR Kensho New and determine expected loss or profit from investing in SPDR Kensho over a given investment horizon. Check out SPDR Kensho Correlation, SPDR Kensho Volatility and SPDR Kensho Alpha and Beta module to complement your research on SPDR Kensho.
Symbol

The market value of SPDR Kensho New 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 Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Kensho is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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 Kensho '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 Kensho'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 Kensho.
0.00
10/23/2024
No Change 0.00  0.0 
In 30 days
11/22/2024
0.00
If you would invest  0.00  in SPDR Kensho on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Kensho New or generate 0.0% return on investment in SPDR Kensho over 30 days. SPDR Kensho is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in th... More

SPDR Kensho 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 Kensho'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 Kensho New upside and downside potential and time the market with a certain degree of confidence.

SPDR Kensho Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Kensho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Kensho's standard deviation. In reality, there are many statistical measures that can use SPDR Kensho historical prices to predict the future SPDR Kensho's volatility.
Hype
Prediction
LowEstimatedHigh
51.4152.6353.85
Details
Intrinsic
Valuation
LowRealHigh
50.7251.9453.16
Details
Naive
Forecast
LowNextHigh
49.7951.0152.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
49.7752.1654.56
Details

SPDR Kensho New Backtested Returns

Currently, SPDR Kensho New is very steady. SPDR Kensho New owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Kensho New, which you can use to evaluate the volatility of the etf. Please validate SPDR Kensho's risk adjusted performance of 0.0963, and Coefficient Of Variation of 815.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR Kensho will likely underperform.

Auto-correlation

    
  0.10  

Insignificant predictability

SPDR Kensho New has insignificant predictability. Overlapping area represents the amount of predictability between SPDR Kensho time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Kensho New price movement. The serial correlation of 0.1 indicates that less than 10.0% of current SPDR Kensho price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test-0.19
Residual Average0.0
Price Variance0.86

SPDR Kensho New lagged returns against current returns

Autocorrelation, which is SPDR Kensho 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 Kensho's etf expected returns. We can calculate the autocorrelation of SPDR Kensho returns to help us make a trade decision. For example, suppose you find that SPDR Kensho 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 Kensho 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 Kensho etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Kensho etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Kensho etf over time.
   Current vs Lagged Prices   
       Timeline  

SPDR Kensho Lagged Returns

When evaluating SPDR Kensho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Kensho etf have on its future price. SPDR Kensho 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 Kensho autocorrelation shows the relationship between SPDR Kensho etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Kensho New.
   Regressed Prices   
       Timeline  

Pair Trading with SPDR Kensho

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR Kensho position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR Kensho will appreciate offsetting losses from the drop in the long position's value.

Moving together with SPDR Etf

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  0.96IJK iShares SP MidPairCorr
  0.94JKH iShares Morningstar MidPairCorr

Moving against SPDR Etf

  0.76BND Vanguard Total Bond Sell-off TrendPairCorr
  0.47VEA Vanguard FTSE DevelopedPairCorr
The ability to find closely correlated positions to SPDR Kensho could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Kensho when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Kensho - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Kensho New to buy it.
The correlation of SPDR Kensho is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Kensho moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Kensho New moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR Kensho can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether SPDR Kensho New is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPDR Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spdr Kensho New Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Kensho New Etf:
Check out SPDR Kensho Correlation, SPDR Kensho Volatility and SPDR Kensho Alpha and Beta module to complement your research on SPDR Kensho.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
SPDR Kensho 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.
A focus of SPDR Kensho technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Kensho 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...