Spdr Blackstone Senior Etf Market Value
| SRLN Etf | USD 41.99 0.04 0.1% |
| Symbol | SPDR |
The market value of SPDR Blackstone Senior 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 Blackstone's value that differs from its market value or its book value, called intrinsic value, which is SPDR Blackstone'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 Blackstone's market value can be influenced by many factors that don't directly affect SPDR Blackstone'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 Blackstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Blackstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Blackstone'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 Blackstone '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 Blackstone'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 Blackstone.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in SPDR Blackstone on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Blackstone Senior or generate 0.0% return on investment in SPDR Blackstone over 30 days. SPDR Blackstone is related to or competes with SPDR Bloomberg, SPDR Bloomberg, and IShares Floating. The fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index and the Morningstar LSTA US Leveraged Loan... More
SPDR Blackstone 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 Blackstone'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 Blackstone Senior upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1088 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 0.5507 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.221 |
SPDR Blackstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Blackstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Blackstone's standard deviation. In reality, there are many statistical measures that can use SPDR Blackstone historical prices to predict the future SPDR Blackstone's volatility.| Risk Adjusted Performance | 0.2665 | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | 0.0234 | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.3764 |
SPDR Blackstone Senior Backtested Returns
As of now, SPDR Etf is very steady. SPDR Blackstone Senior owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.43, which indicates the etf had a 0.43% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Blackstone Senior, which you can use to evaluate the volatility of the etf. Please validate SPDR Blackstone's standard deviation of 0.1032, and Risk Adjusted Performance of 0.2665 to confirm if the risk estimate we provide is consistent with the expected return of 0.0438%. The entity has a beta of 0.0934, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Blackstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Blackstone is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
SPDR Blackstone Senior has good predictability. Overlapping area represents the amount of predictability between SPDR Blackstone 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 Blackstone Senior price movement. The serial correlation of 0.67 indicates that around 67.0% of current SPDR Blackstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPDR Blackstone Senior lagged returns against current returns
Autocorrelation, which is SPDR Blackstone 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 Blackstone's etf expected returns. We can calculate the autocorrelation of SPDR Blackstone returns to help us make a trade decision. For example, suppose you find that SPDR Blackstone 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 Blackstone 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 Blackstone etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Blackstone etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Blackstone etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Blackstone Lagged Returns
When evaluating SPDR Blackstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Blackstone etf have on its future price. SPDR Blackstone 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 Blackstone autocorrelation shows the relationship between SPDR Blackstone etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Blackstone Senior.
Regressed Prices |
| Timeline |
Pair Trading with SPDR Blackstone
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 Blackstone 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 Blackstone will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.98 | FTSL | First Trust Senior | PairCorr |
| 0.98 | FLBL | Franklin Liberty Senior | PairCorr |
| 0.99 | SEIX | Virtus ETF Trust | PairCorr |
| 0.99 | FLRT | Pacer Pacific Asset | PairCorr |
The ability to find closely correlated positions to SPDR Blackstone 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 Blackstone 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 Blackstone - 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 Blackstone Senior to buy it.
The correlation of SPDR Blackstone 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 Blackstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Blackstone Senior 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 Blackstone 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.Check out SPDR Blackstone Correlation, SPDR Blackstone Volatility and SPDR Blackstone Alpha and Beta module to complement your research on SPDR Blackstone. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
SPDR Blackstone 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.