SPDR Kensho Etf Market Value

SIMS
 Etf
  

USD 35.76  1.03  2.97%   

SPDR Kensho's market value is the price at which a share of SPDR Kensho stock trades on a public exchange. It measures the collective expectations of SPDR Kensho Intelligent investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPDR Kensho Intelligent and determine expected loss or profit from investing in SPDR Kensho over a given investment horizon. Additionally, take a look at SPDR Kensho Correlation, SPDR Kensho Volatility and SPDR Kensho Alpha and Beta module to complement your research on SPDR Kensho.
Symbol

The market value of SPDR Kensho Intelligent is measured differently than its book value, which is the value of SPDR Kensho that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Kensho value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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.

SPDR Kensho 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR Kensho's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR Kensho.
0.00
12/10/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/30/2022
0.00
If you would invest  0.00  in SPDR Kensho on December 10, 2020 and sell it all today you would earn a total of 0.00 from holding SPDR Kensho Intelligent or generate 0.0% return on investment in SPDR Kensho over 720 days. SPDR Kensho is related to or competes with Dow Jones. Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in th... More

SPDR Kensho Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR Kensho's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR Kensho Intelligent upside and downside potential and time the market with a certain degree of confidence.

SPDR Kensho Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Kensho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Kensho's standard deviation. In reality, there are many statistical measures that can use SPDR Kensho historical prices to predict the future SPDR Kensho's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPDR Kensho's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of SPDR Kensho in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
33.4735.7638.05
Details
Intrinsic
Valuation
LowReal ValueHigh
33.1535.4437.73
Details
Naive
Forecast
LowNext ValueHigh
33.3135.6037.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
31.6634.2836.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Kensho. Your research has to be compared to or analyzed against SPDR Kensho's peers to derive any actionable benefits. When done correctly, SPDR Kensho's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SPDR Kensho Intelligent.

SPDR Kensho Intelligent Backtested Returns

We consider SPDR Kensho very steady. SPDR Kensho Intelligent owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0125, which indicates the etf had 0.0125% of return per unit of volatility over the last 3 months. Our approach towards measuring the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for SPDR Kensho Intelligent, which you can use to evaluate the future volatility of the etf. Please validate SPDR Kensho risk adjusted performance of (0.037102), and Coefficient Of Variation of (3,343) to confirm if the risk estimate we provide is consistent with the expected return of 0.0286%.
The entity has a beta of 1.3466, which indicates a somewhat significant risk relative to the market. Let's try to break down what SPDR Kensho's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR Kensho will likely underperform. Although it is important to respect SPDR Kensho Intelligent current price movements, it is better to be realistic regarding the information on the equity's historical returns. The approach towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining SPDR Kensho Intelligent technical indicators, you can now evaluate if the expected return of 0.0286% will be sustainable into the future.

Auto-correlation

    
  -0.55  

Good reverse predictability

SPDR Kensho Intelligent has good reverse predictability. Overlapping area represents the amount of predictability between SPDR Kensho time series from 10th of December 2020 to 5th of December 2021 and 5th of December 2021 to 30th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPDR Kensho Intelligent price movement. The serial correlation of -0.55 indicates that about 55.0% of current SPDR Kensho price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.33
Residual Average0.0
Price Variance13.33

SPDR Kensho Intelligent lagged returns against current returns

Autocorrelation, which is SPDR Kensho etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR Kensho's etf expected returns. We can calculate the autocorrelation of SPDR Kensho returns to help us make a trade decision. For example, suppose you find that SPDR Kensho etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

SPDR Kensho regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR Kensho etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Kensho etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Kensho etf over time.
   Current vs Lagged Prices   
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       Timeline  

SPDR Kensho Lagged Returns

When evaluating SPDR Kensho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Kensho etf have on its future price. SPDR Kensho autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR Kensho autocorrelation shows the relationship between SPDR Kensho etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Kensho Intelligent.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SPDR Kensho in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SPDR Kensho's short interest history, or implied volatility extrapolated from SPDR Kensho options trading.

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Additionally, take a look at SPDR Kensho Correlation, SPDR Kensho Volatility and SPDR Kensho Alpha and Beta module to complement your research on SPDR Kensho. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for analysis

When running SPDR Kensho Intelligent price analysis, check to measure SPDR Kensho's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR Kensho is operating at the current time. Most of SPDR Kensho's value examination focuses on studying past and present price action to predict the probability of SPDR Kensho's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Kensho's price. Additionally, you may evaluate how the addition of SPDR Kensho to your portfolios can decrease your overall portfolio volatility.
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SPDR Kensho 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.
A focus of SPDR Kensho technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Kensho trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...