Spdr Galaxy Hedged Etf Technical Analysis
| HECO Etf | USD 35.51 1.89 5.05% |
As of the 27th of November, SPDR Galaxy has the coefficient of variation of 434.59, and Risk Adjusted Performance of 0.1832. SPDR Galaxy 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.
SPDR Galaxy 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 Galaxy 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 Galaxy Hedged Technical Analysis
The output start index for this execution was twenty-two with a total number of output elements of thirty-five. 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 Galaxy Hedged volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR Galaxy Hedged Trend Analysis
Use this graph to draw trend lines for SPDR Galaxy Hedged. You can use it to identify possible trend reversals for SPDR Galaxy 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 Galaxy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR Galaxy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR Galaxy Hedged applied against its price change over selected period. The best fit line has a slop of 0.23 , which means SPDR Galaxy Hedged will continue generating value for investors. It has 114 observation points and a regression sum of squares at 1643.5, which is the sum of squared deviations for the predicted SPDR Galaxy price change compared to its average price change.About SPDR Galaxy 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 Galaxy Hedged 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 Galaxy Hedged based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR Galaxy Hedged price pattern first instead of the macroeconomic environment surrounding SPDR Galaxy Hedged. By analyzing SPDR Galaxy'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 Galaxy'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 Galaxy specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR Galaxy November 27, 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1832 | |||
| Market Risk Adjusted Performance | 0.3031 | |||
| Mean Deviation | 2.01 | |||
| Semi Deviation | 1.88 | |||
| Downside Deviation | 2.22 | |||
| Coefficient Of Variation | 434.59 | |||
| Standard Deviation | 2.82 | |||
| Variance | 7.95 | |||
| Information Ratio | 0.1839 | |||
| Jensen Alpha | 0.3765 | |||
| Total Risk Alpha | 0.1947 | |||
| Sortino Ratio | 0.2339 | |||
| Treynor Ratio | 0.2931 | |||
| Maximum Drawdown | 17.38 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 4.56 | |||
| Downside Variance | 4.91 | |||
| Semi Variance | 3.55 | |||
| Expected Short fall | (2.49) | |||
| Skewness | 1.04 | |||
| Kurtosis | 4.34 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Galaxy Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of SPDR Galaxy Hedged 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy'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.