Spdr Nuveen Bloomberg Etf Market Value
| SHM Etf | USD 47.76 0.03 0.06% |
| Symbol | SPDR |
The market value of SPDR Nuveen Bloomberg 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.
SPDR Nuveen '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 Nuveen'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 Nuveen.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SPDR Nuveen on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Nuveen Bloomberg or generate 0.0% return on investment in SPDR Nuveen over 30 days. SPDR Nuveen is related to or competes with SPDR Nuveen, VanEck Intermediate, Invesco National, VanEck Short, and IShares Short. The fund invests substantially all, but at least 80, of its total assets in the securities comprising the index and in s... More
SPDR Nuveen 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 Nuveen'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 Nuveen Bloomberg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1704 | |||
| Information Ratio | (0.96) | |||
| Maximum Drawdown | 0.7967 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.189 |
SPDR Nuveen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Nuveen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Nuveen's standard deviation. In reality, there are many statistical measures that can use SPDR Nuveen historical prices to predict the future SPDR Nuveen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.74) | |||
| Treynor Ratio | 0.1605 |
SPDR Nuveen Bloomberg Backtested Returns
As of now, SPDR Etf is very steady. SPDR Nuveen Bloomberg owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0057, which indicates the etf had a 0.0057% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Nuveen Bloomberg, which you can use to evaluate the volatility of the etf. Please validate SPDR Nuveen's coefficient of variation of 3393.04, and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The entity has a beta of -0.038, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR Nuveen are expected to decrease at a much lower rate. During the bear market, SPDR Nuveen is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
SPDR Nuveen Bloomberg has average predictability. Overlapping area represents the amount of predictability between SPDR Nuveen time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Nuveen Bloomberg price movement. The serial correlation of 0.42 indicates that just about 42.0% of current SPDR Nuveen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPDR Nuveen Bloomberg lagged returns against current returns
Autocorrelation, which is SPDR Nuveen 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 Nuveen's etf expected returns. We can calculate the autocorrelation of SPDR Nuveen returns to help us make a trade decision. For example, suppose you find that SPDR Nuveen 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 Nuveen 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 Nuveen etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Nuveen etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Nuveen etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Nuveen Lagged Returns
When evaluating SPDR Nuveen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Nuveen etf have on its future price. SPDR Nuveen 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 Nuveen autocorrelation shows the relationship between SPDR Nuveen etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Nuveen Bloomberg.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out SPDR Nuveen Correlation, SPDR Nuveen Volatility and SPDR Nuveen Alpha and Beta module to complement your research on SPDR Nuveen. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
SPDR Nuveen 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.