Spdr Ssga Global Etf Technical Analysis
| GAL Etf | USD 45.21 0.13 0.29% |
As of the 25th of November, SPDR SSgA has the coefficient of variation of 1303.61, and Risk Adjusted Performance of 0.0533. SPDR SSgA technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices. Please validate SPDR SSgA Global jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if SPDR SSgA is priced adequately, providing market reflects its prevalent price of 45.21 per share.
SPDR SSgA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SPDR, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SPDRSPDR |
SPDR SSgA 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.
SPDR SSgA Global Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of SPDR SSgA Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR SSgA Global Trend Analysis
Use this graph to draw trend lines for SPDR SSgA Global. You can use it to identify possible trend reversals for SPDR SSgA as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual SPDR SSgA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR SSgA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR SSgA Global applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that SPDR SSgA Global will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 6.48, which is the sum of squared deviations for the predicted SPDR SSgA price change compared to its average price change.About SPDR SSgA Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of SPDR SSgA Global on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of SPDR SSgA Global based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR SSgA Global price pattern first instead of the macroeconomic environment surrounding SPDR SSgA Global. By analyzing SPDR SSgA's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of SPDR SSgA's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to SPDR SSgA specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR SSgA November 25, 2024 Technical Indicators
Most technical analysis of SPDR help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for SPDR from various momentum indicators to cycle indicators. When you analyze SPDR charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0533 | |||
| Market Risk Adjusted Performance | 0.0724 | |||
| Mean Deviation | 0.3818 | |||
| Semi Deviation | 0.4258 | |||
| Downside Deviation | 0.4923 | |||
| Coefficient Of Variation | 1303.61 | |||
| Standard Deviation | 0.4933 | |||
| Variance | 0.2433 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0624 | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8385 | |||
| Downside Variance | 0.2423 | |||
| Semi Variance | 0.1813 | |||
| Expected Short fall | (0.42) | |||
| Skewness | (0.16) | |||
| Kurtosis | 0.4336 |
SPDR SSgA Global One Year Return
Based on the recorded statements, SPDR SSgA Global has an One Year Return of 16.7%. This is 115.21% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Global Allocation category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SSgA Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of SPDR SSgA Global 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 SSgA's value that differs from its market value or its book value, called intrinsic value, which is SPDR SSgA'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 SSgA's market value can be influenced by many factors that don't directly affect SPDR SSgA'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 SSgA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SSgA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SSgA'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.