Ssga Spdr Etfs Etf Market Value
| SSEEF Etf | USD 79.59 0.60 0.76% |
| Symbol | SSgA |
Please note, there is a significant difference between SSgA SPDR's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSgA SPDR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSgA SPDR'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.
SSgA SPDR '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 SSgA SPDR's pink sheet 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 SSgA SPDR.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in SSgA SPDR on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding SSgA SPDR ETFs or generate 0.0% return on investment in SSgA SPDR over 720 days. SSgA SPDR is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. SSgA SPDR ETFs Europe I Public Limited Company - SPDR SP US Dividend Aristocrats UCITS ETF is an exchange traded fund la... More
SSgA SPDR 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 SSgA SPDR's pink sheet 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 SSgA SPDR ETFs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8472 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9766 |
SSgA SPDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSgA SPDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSgA SPDR's standard deviation. In reality, there are many statistical measures that can use SSgA SPDR historical prices to predict the future SSgA SPDR's volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.0177 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.2132 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SSgA SPDR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SSgA SPDR ETFs Backtested Returns
At this point, SSgA SPDR is very steady. SSgA SPDR ETFs owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SSgA SPDR ETFs, which you can use to evaluate the volatility of the etf. Please validate SSgA SPDR's Risk Adjusted Performance of 0.0613, coefficient of variation of 1195.99, and Semi Deviation of 0.2893 to confirm if the risk estimate we provide is consistent with the expected return of 0.0644%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SSgA SPDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding SSgA SPDR is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
SSgA SPDR ETFs has very good reverse predictability. Overlapping area represents the amount of predictability between SSgA SPDR time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 SSgA SPDR ETFs price movement. The serial correlation of -0.68 indicates that around 68.0% of current SSgA SPDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 15.26 |
SSgA SPDR ETFs lagged returns against current returns
Autocorrelation, which is SSgA SPDR pink sheet'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 SSgA SPDR's pink sheet expected returns. We can calculate the autocorrelation of SSgA SPDR returns to help us make a trade decision. For example, suppose you find that SSgA SPDR has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SSgA SPDR 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 SSgA SPDR pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSgA SPDR pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSgA SPDR pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SSgA SPDR Lagged Returns
When evaluating SSgA SPDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSgA SPDR pink sheet have on its future price. SSgA SPDR 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, SSgA SPDR autocorrelation shows the relationship between SSgA SPDR pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SSgA SPDR ETFs.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SSgA Pink Sheet
SSgA SPDR financial ratios help investors to determine whether SSgA Pink Sheet 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 SSgA with respect to the benefits of owning SSgA SPDR security.