Spdr Ftse International Etf Market Value
| WIP Etf | USD 37.41 0.01 0.03% |
| Symbol | SPDR |
The market value of SPDR FTSE International 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 FTSE's value that differs from its market value or its book value, called intrinsic value, which is SPDR FTSE'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 FTSE's market value can be influenced by many factors that don't directly affect SPDR FTSE'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 FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR FTSE'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 FTSE '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 FTSE'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 FTSE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SPDR FTSE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR FTSE International or generate 0.0% return on investment in SPDR FTSE over 30 days. SPDR FTSE is related to or competes with Vanguard Emerging, VanEck China, FT Vest, Zillow Group, Northern Lights, and VanEck Vectors. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More
SPDR FTSE 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 FTSE'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 FTSE International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 2.81 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8475 |
SPDR FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR FTSE's standard deviation. In reality, there are many statistical measures that can use SPDR FTSE historical prices to predict the future SPDR FTSE's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (7.06) |
SPDR FTSE International Backtested Returns
SPDR FTSE International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the etf had a -0.13% return per unit of volatility over the last 3 months. SPDR FTSE International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPDR FTSE's variance of 0.3203, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The entity has a beta of 0.0135, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR FTSE is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
SPDR FTSE International has poor predictability. Overlapping area represents the amount of predictability between SPDR FTSE time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 FTSE International price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current SPDR FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SPDR FTSE International lagged returns against current returns
Autocorrelation, which is SPDR FTSE 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 FTSE's etf expected returns. We can calculate the autocorrelation of SPDR FTSE returns to help us make a trade decision. For example, suppose you find that SPDR FTSE 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR FTSE Lagged Returns
When evaluating SPDR FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR FTSE etf have on its future price. SPDR FTSE 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 FTSE autocorrelation shows the relationship between SPDR FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR FTSE International.
Regressed Prices |
| Timeline |
Pair Trading with SPDR FTSE
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 FTSE 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 FTSE will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.97 | IGOV | iShares International | PairCorr |
| 0.97 | BWX | SPDR Bloomberg Inter | PairCorr |
| 0.73 | JPIB | JPMorgan International | PairCorr |
| 0.98 | BWZ | SPDR Bloomberg Short | PairCorr |
Moving against SPDR Etf
| 0.84 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.73 | VTI | Vanguard Total Stock | PairCorr |
| 0.72 | DLN | WisdomTree LargeCap | PairCorr |
| 0.51 | PSP | Invesco Global Listed | PairCorr |
The ability to find closely correlated positions to SPDR FTSE 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 FTSE 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 FTSE - 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 FTSE International to buy it.
The correlation of SPDR FTSE 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 FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR FTSE International 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 FTSE 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 FTSE Correlation, SPDR FTSE Volatility and SPDR FTSE Alpha and Beta module to complement your research on SPDR FTSE. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
SPDR FTSE 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.