SPDR 500 (France) Market Value
| LOWV Etf | EUR 75.64 0.60 0.79% |
| Symbol | SPDR |
Please note, there is a significant difference between SPDR 500's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR 500 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR 500'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 500 '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 500'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 500.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in SPDR 500 on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR 500 LOW or generate 0.0% return on investment in SPDR 500 over 30 days. SPDR 500 is related to or competes with SPDR MSCI, SPDR MSCI, SPDR Barclays, SPDR SP, SPDR MSCI, and SPDR MSCI. More
SPDR 500 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 500'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 500 LOW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4474 | |||
| Information Ratio | 0.0433 | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 1.4 |
SPDR 500 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR 500's standard deviation. In reality, there are many statistical measures that can use SPDR 500 historical prices to predict the future SPDR 500's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 0.0547 | |||
| Total Risk Alpha | 0.0309 | |||
| Sortino Ratio | 0.0716 | |||
| Treynor Ratio | 0.1477 |
SPDR 500 LOW Backtested Returns
At this point, SPDR 500 is very steady. SPDR 500 LOW owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for SPDR 500 LOW, which you can use to evaluate the volatility of the etf. Please validate SPDR 500's risk adjusted performance of 0.098, and Coefficient Of Variation of 741.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR 500's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR 500 is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
SPDR 500 LOW has excellent reverse predictability. Overlapping area represents the amount of predictability between SPDR 500 time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 500 LOW price movement. The serial correlation of -0.82 indicates that around 82.0% of current SPDR 500 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
SPDR 500 LOW lagged returns against current returns
Autocorrelation, which is SPDR 500 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 500's etf expected returns. We can calculate the autocorrelation of SPDR 500 returns to help us make a trade decision. For example, suppose you find that SPDR 500 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 500 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 500 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR 500 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR 500 etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR 500 Lagged Returns
When evaluating SPDR 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR 500 etf have on its future price. SPDR 500 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 500 autocorrelation shows the relationship between SPDR 500 etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR 500 LOW.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SPDR Etf
SPDR 500 financial ratios help investors to determine whether SPDR Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR 500 security.