SPDR Aggregate Etf Market Value

SPAB
 Etf
  

USD 24.88  0.32  1.27%   

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

The market value of SPDR Aggregate Bond is measured differently than its book value, which is the value of SPDR Aggregate that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Aggregate's value that differs from its market value or its book value, called intrinsic value, which is SPDR Aggregate'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 Aggregate's market value can be influenced by many factors that don't directly affect SPDR Aggregate'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 Aggregate's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Aggregate value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Aggregate'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 Aggregate '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 Aggregate'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 Aggregate.
0.00
10/01/2021
No Change 0.00  0.0 
In 11 months and 27 days
09/26/2022
0.00
If you would invest  0.00  in SPDR Aggregate on October 1, 2021 and sell it all today you would earn a total of 0.00 from holding SPDR Aggregate Bond or generate 0.0% return on investment in SPDR Aggregate over 360 days. SPDR Aggregate is related to or competes with Microsoft Corp. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More

SPDR Aggregate 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 Aggregate'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 Aggregate Bond upside and downside potential and time the market with a certain degree of confidence.

SPDR Aggregate Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Aggregate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Aggregate's standard deviation. In reality, there are many statistical measures that can use SPDR Aggregate historical prices to predict the future SPDR Aggregate'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 Aggregate'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 Aggregate in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
24.6325.0825.53
Details
Intrinsic
Valuation
LowReal ValueHigh
24.8725.3225.77
Details
Naive
Forecast
LowNext ValueHigh
24.5424.9925.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.1125.8326.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Aggregate. Your research has to be compared to or analyzed against SPDR Aggregate's peers to derive any actionable benefits. When done correctly, SPDR Aggregate'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 Aggregate Bond.

SPDR Aggregate Bond Backtested Returns

SPDR Aggregate Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the etf had -0.14% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SPDR Aggregate Bond exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPDR Aggregate coefficient of variation of (819.72), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide.
The entity has a beta of 0.1243, which indicates not very significant fluctuations relative to the market. Let's try to break down what SPDR Aggregate's beta means in this case. As returns on the market increase, SPDR Aggregate returns are expected to increase less than the market. However, during the bear market, the loss on holding SPDR Aggregate will be expected to be smaller as well. Even though it is essential to pay attention to SPDR Aggregate Bond current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SPDR Aggregate Bond exposes twenty-seven different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.59  

Modest predictability

SPDR Aggregate Bond has modest predictability. Overlapping area represents the amount of predictability between SPDR Aggregate time series from 1st of October 2021 to 30th of March 2022 and 30th of March 2022 to 26th of September 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 Aggregate Bond price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current SPDR Aggregate price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.26

SPDR Aggregate Bond lagged returns against current returns

Autocorrelation, which is SPDR Aggregate 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 Aggregate's etf expected returns. We can calculate the autocorrelation of SPDR Aggregate returns to help us make a trade decision. For example, suppose you find that SPDR Aggregate 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   
Share
       Timeline  

SPDR Aggregate 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 Aggregate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Aggregate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Aggregate etf over time.
   Current vs Lagged Prices   
Share
       Timeline  

SPDR Aggregate Lagged Returns

When evaluating SPDR Aggregate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Aggregate etf have on its future price. SPDR Aggregate 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 Aggregate autocorrelation shows the relationship between SPDR Aggregate etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Aggregate Bond.
   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 Aggregate 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 Aggregate's short interest history, or implied volatility extrapolated from SPDR Aggregate options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at SPDR Aggregate Correlation, SPDR Aggregate Volatility and SPDR Aggregate Alpha and Beta module to complement your research on SPDR Aggregate. Note that the SPDR Aggregate Bond information on this page should be used as a complementary analysis to other SPDR Aggregate's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for SPDR Aggregate Etf analysis

When running SPDR Aggregate Bond price analysis, check to measure SPDR Aggregate'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 Aggregate is operating at the current time. Most of SPDR Aggregate's value examination focuses on studying past and present price action to predict the probability of SPDR Aggregate's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Aggregate's price. Additionally, you may evaluate how the addition of SPDR Aggregate to your portfolios can decrease your overall portfolio volatility.
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SPDR Aggregate 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 Aggregate technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Aggregate 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...