Select Sector Spdr Etf Market Value
| XLEI Etf | 24.66 0.02 0.08% |
| Symbol | Select |
The market value of Select Sector SPDR is measured differently than its book value, which is the value of Select that is recorded on the company's balance sheet. Investors also form their own opinion of Select Sector's value that differs from its market value or its book value, called intrinsic value, which is Select Sector'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 Select Sector's market value can be influenced by many factors that don't directly affect Select Sector'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 Select Sector's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select Sector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select Sector'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.
Select Sector '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 Select Sector'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 Select Sector.
| 11/24/2025 |
| 12/24/2025 |
If you would invest 0.00 in Select Sector on November 24, 2025 and sell it all today you would earn a total of 0.00 from holding Select Sector SPDR or generate 0.0% return on investment in Select Sector over 30 days. Select Sector is related to or competes with STKd 100, USCF ETF, First Trust, Federated Hermes, ProShares Decline, ProShares Nasdaq, and Direxion Daily. Select Sector is entity of United States More
Select Sector 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 Select Sector'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 Select Sector SPDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.2 |
Select Sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Sector's standard deviation. In reality, there are many statistical measures that can use Select Sector historical prices to predict the future Select Sector's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.0466 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4905 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Sector'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.
Select Sector SPDR Backtested Returns
Select Sector is very steady at the moment. Select Sector SPDR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0382, which indicates the etf had a 0.0382 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Select Sector SPDR, which you can use to evaluate the volatility of the etf. Please validate Select Sector's Semi Deviation of 0.9376, coefficient of variation of 1380.99, and Risk Adjusted Performance of 0.0527 to confirm if the risk estimate we provide is consistent with the expected return of 0.0332%. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Select Sector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Select Sector is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Select Sector SPDR has very good reverse predictability. Overlapping area represents the amount of predictability between Select Sector time series from 24th of November 2025 to 9th of December 2025 and 9th of December 2025 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Select Sector SPDR price movement. The serial correlation of -0.69 indicates that around 69.0% of current Select Sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Select Sector SPDR lagged returns against current returns
Autocorrelation, which is Select Sector 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 Select Sector's etf expected returns. We can calculate the autocorrelation of Select Sector returns to help us make a trade decision. For example, suppose you find that Select Sector 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 |
Select Sector 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 Select Sector etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Sector etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Sector etf over time.
Current vs Lagged Prices |
| Timeline |
Select Sector Lagged Returns
When evaluating Select Sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Sector etf have on its future price. Select Sector 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, Select Sector autocorrelation shows the relationship between Select Sector etf current value and its past values and can show if there is a momentum factor associated with investing in Select Sector SPDR.
Regressed Prices |
| Timeline |
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Other Information on Investing in Select Etf
Select Sector financial ratios help investors to determine whether Select 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 Select with respect to the benefits of owning Select Sector security.