Spdr Factset Innovative Etf Technical Analysis
| XITK Etf | USD 180.69 3.29 1.85% |
As of the 24th of November, SPDR FactSet has the coefficient of variation of 458.59, and Risk Adjusted Performance of 0.1717. In connection with fundamental indicators, the technical analysis model makes it possible for you to check practical technical drivers of SPDR FactSet Innovative, as well as the relationship between them.
SPDR FactSet 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 FactSet 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 FactSet Innovative 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 FactSet Innovative volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR FactSet Innovative Trend Analysis
Use this graph to draw trend lines for SPDR FactSet Innovative. You can use it to identify possible trend reversals for SPDR FactSet 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 FactSet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR FactSet Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR FactSet Innovative applied against its price change over selected period. The best fit line has a slop of 0.52 , which means SPDR FactSet Innovative will continue generating value for investors. It has 122 observation points and a regression sum of squares at 10126.43, which is the sum of squared deviations for the predicted SPDR FactSet price change compared to its average price change.About SPDR FactSet 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 FactSet Innovative 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 FactSet Innovative based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR FactSet Innovative price pattern first instead of the macroeconomic environment surrounding SPDR FactSet Innovative. By analyzing SPDR FactSet'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 FactSet'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 FactSet specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR FactSet November 24, 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 | 0.1717 | |||
| Market Risk Adjusted Performance | 0.2297 | |||
| Mean Deviation | 1.01 | |||
| Semi Deviation | 0.9972 | |||
| Downside Deviation | 1.33 | |||
| Coefficient Of Variation | 458.59 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.94 | |||
| Information Ratio | 0.1241 | |||
| Jensen Alpha | 0.1321 | |||
| Total Risk Alpha | 0.0743 | |||
| Sortino Ratio | 0.1298 | |||
| Treynor Ratio | 0.2197 | |||
| Maximum Drawdown | 6.34 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.3 | |||
| Downside Variance | 1.77 | |||
| Semi Variance | 0.9944 | |||
| Expected Short fall | (1.13) | |||
| Skewness | 0.044 | |||
| Kurtosis | 1.24 |
SPDR FactSet Innovative One Year Return
Based on the recorded statements, SPDR FactSet Innovative has an One Year Return of 39.4%. This is much higher than that of the SPDR State Street Global Advisors family and 102.62% higher than that of the Technology 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR FactSet Innovative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of SPDR FactSet Innovative 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 FactSet's value that differs from its market value or its book value, called intrinsic value, which is SPDR FactSet'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 FactSet's market value can be influenced by many factors that don't directly affect SPDR FactSet'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 FactSet's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR FactSet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR FactSet'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.