SP 500 Etf Market Value

XLU
 Etf
  

USD 67.33  1.53  2.22%   

SP 500's market value is the price at which a share of SP 500 stock trades on a public exchange. It measures the collective expectations of SP 500 Utilities investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SP 500 Utilities and determine expected loss or profit from investing in SP 500 over a given investment horizon. Check out SP 500 Correlation, SP 500 Volatility and SP 500 Alpha and Beta module to complement your research on SP 500.
Symbol

The market value of SP 500 Utilities is measured differently than its book value, which is the value of SP 500 that is recorded on the company's balance sheet. Investors also form their own opinion of SP 500's value that differs from its market value or its book value, called intrinsic value, which is SP 500'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 SP 500's market value can be influenced by many factors that don't directly affect SP 500'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 SP 500's value and its price as these two are different measures arrived at by different means. Investors typically determine SP 500 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP 500'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.

SP 500 '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 SP 500'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 SP 500.
0.00
10/15/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
10/05/2022
0.00
If you would invest  0.00  in SP 500 on October 15, 2020 and sell it all today you would earn a total of 0.00 from holding SP 500 Utilities or generate 0.0% return on investment in SP 500 over 720 days. SP 500 is related to or competes with Home Depot. In seeking to track the performance of the index, the fund employs a replication strategy More

SP 500 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 SP 500'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 SP 500 Utilities upside and downside potential and time the market with a certain degree of confidence.

SP 500 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SP 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP 500's standard deviation. In reality, there are many statistical measures that can use SP 500 historical prices to predict the future SP 500's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SP 500'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 SP 500 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
65.7667.1368.50
Details
Intrinsic
Valuation
LowReal ValueHigh
66.9368.3069.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SP 500. Your research has to be compared to or analyzed against SP 500's peers to derive any actionable benefits. When done correctly, SP 500'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 SP 500 Utilities.

SP 500 Utilities Backtested Returns

SP 500 Utilities retains Efficiency (Sharpe Ratio) of -0.0386, which indicates the etf had -0.0386% of return per unit of price deviation 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. SP 500 exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SP 500 Utilities mean deviation of 1.01, and Risk Adjusted Performance of (0.047452) to confirm the risk estimate we provide.
The entity owns a Beta (Systematic Risk) of 0.7828, which indicates possible diversification benefits within a given portfolio. Let's try to break down what SP 500's beta means in this case. As returns on the market increase, SP 500 returns are expected to increase less than the market. However, during the bear market, the loss on holding SP 500 will be expected to be smaller as well. Even though it is essential to pay attention to SP 500 Utilities existing price patterns, it is always good to be careful when utilizing equity price patterns. 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. SP 500 exposes twenty-seven different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.71  

Good predictability

SP 500 Utilities has good predictability. Overlapping area represents the amount of predictability between SP 500 time series from 15th of October 2020 to 10th of October 2021 and 10th of October 2021 to 5th of October 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 SP 500 Utilities price movement. The serial correlation of 0.71 indicates that around 71.0% of current SP 500 price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.39
Residual Average0.0
Price Variance12.03

SP 500 Utilities lagged returns against current returns

Autocorrelation, which is SP 500 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 SP 500's etf expected returns. We can calculate the autocorrelation of SP 500 returns to help us make a trade decision. For example, suppose you find that SP 500 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  

SP 500 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 SP 500 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP 500 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP 500 etf over time.
   Current vs Lagged Prices   
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       Timeline  

SP 500 Lagged Returns

When evaluating SP 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP 500 etf have on its future price. SP 500 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, SP 500 autocorrelation shows the relationship between SP 500 etf current value and its past values and can show if there is a momentum factor associated with investing in SP 500 Utilities.
   Regressed Prices   
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       Timeline  

SP 500 Implied Volatility

    
  40.28  
SP 500's implied volatility exposes the market's sentiment of SP 500 Utilities stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SP 500's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SP 500 stock will not fluctuate a lot when SP 500's options are near their expiration.
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 SP 500 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, SP 500's short interest history, or implied volatility extrapolated from SP 500 options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out SP 500 Correlation, SP 500 Volatility and SP 500 Alpha and Beta module to complement your research on SP 500. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for analysis

When running SP 500 Utilities price analysis, check to measure SP 500'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 SP 500 is operating at the current time. Most of SP 500's value examination focuses on studying past and present price action to predict the probability of SP 500's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SP 500's price. Additionally, you may evaluate how the addition of SP 500 to your portfolios can decrease your overall portfolio volatility.
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SP 500 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 SP 500 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SP 500 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...