SPDR Series (Mexico) Technical Analysis
| XBI Etf | MXN 2,044 159.00 8.44% |
As of the 29th of November, SPDR Series has the variance of 4.53, and Risk Adjusted Performance of 0.0758. In connection with fundamental indicators, the technical analysis model makes it possible for you to check practical technical drivers of SPDR Series Trust, as well as the relationship between them.
SPDR Series 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 Series 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 Series Trust Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Series Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR Series Trust Trend Analysis
Use this graph to draw trend lines for SPDR Series Trust. You can use it to identify possible trend reversals for SPDR Series 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 Series price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR Series Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR Series Trust applied against its price change over selected period. The best fit line has a slop of 2.96 , which means SPDR Series Trust will continue generating value for investors. It has 122 observation points and a regression sum of squares at 330720.76, which is the sum of squared deviations for the predicted SPDR Series price change compared to its average price change.About SPDR Series 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 Series Trust 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 Series Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR Series Trust price pattern first instead of the macroeconomic environment surrounding SPDR Series Trust. By analyzing SPDR Series'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 Series'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 Series specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR Series November 29, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0758 | |||
| Market Risk Adjusted Performance | 0.5969 | |||
| Mean Deviation | 0.8343 | |||
| Coefficient Of Variation | 1103.89 | |||
| Standard Deviation | 2.13 | |||
| Variance | 4.53 | |||
| Information Ratio | 0.0317 | |||
| Jensen Alpha | 0.1468 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.5869 | |||
| Maximum Drawdown | 17.38 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 3.5 | |||
| Skewness | 0.0029 | |||
| Kurtosis | 13.7 |
SPDR Series Trust One Year Return
Based on the recorded statements, SPDR Series Trust has an One Year Return of 23.99%. This is 209.15% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the One Year Return category. The one year return for all Mexico 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.SPDR Series November 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.08 | ||
| Day Median Price | 2,044 | ||
| Day Typical Price | 2,044 | ||
| Price Action Indicator | 79.50 |
Additional Information and Resources on Investing in SPDR Etf
When determining whether SPDR Series Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Series' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Series Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Series Trust Etf:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR Series Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.