SPDR DoubleLine Total ETF Statistic Functions Beta

TOTL ETF  USD 39.92  0.05  0.13%   
Beta function applied to SPDR DoubleLine measures statistical properties of SPDR DoubleLine's price series including linear regression, standard deviation, and correlation measures. Enter Time Period to generate the indicator output.

This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on SPDR DoubleLine Total correlated with the market. If Beta is less than 0 SPDR DoubleLine generally moves in the opposite direction as compared to the market. If SPDR DoubleLine Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR DoubleLine Total is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR DoubleLine is generally in the same direction as the market. If Beta > 1 SPDR DoubleLine moves generally in the same direction as, but more than the movement of the benchmark.

SPDR DoubleLine Technical Analysis Modules

The technical profile of SPDR DoubleLine is built from price action, volume behavior, and indicator signals that together frame directional expectations for SPDR. Entry and exit signals from one indicator category should be cross-referenced with readings from others for validation.

Technical Indicator Methodology & Signal Interpretation

Statistical functions applied to SPDR DoubleLine's price data quantify trend strength, dispersion, and correlation properties. Comparing readings across timeframes helps separate signal from noise.

SPDR DoubleLine Total data is compiled from fund disclosures and market reference feeds and standardized for comparability.

Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board