SP Smallcap Etf Statistic Functions BETA

GWX
 Etf
  

USD 29.65  0.38  1.27%   

SP Smallcap statistic functions tool provides the execution environment for running the BETA function and other technical functions against SP Smallcap. SP Smallcap value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the BETA function function is designed to identify and follow existing trends. SP Smallcap statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was eleven with a total number of output elements of fifty. The Beta measures systematic risk based on how returns on SP Smallcap Intl correlated with the market. If Beta is less than 0 SP Smallcap generally moves in the opposite direction as compared to the market. If SP Smallcap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SP Smallcap Intl is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SP Smallcap is generally in the same direction as the market. If Beta > 1 SP Smallcap moves generally in the same direction as, but more than the movement of the benchmark.
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SP Smallcap Technical Analysis Modules

Most technical analysis of SP Smallcap 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 SP Smallcap from various momentum indicators to cycle indicators. When you analyze SP Smallcap charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About SP Smallcap Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SP Smallcap Intl. We use our internally-developed statistical techniques to arrive at the intrinsic value of SP Smallcap Intl based on widely used predictive technical indicators. In general, we focus on analyzing SP Smallcap Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SP Smallcap's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of SP Smallcap's intrinsic value. In addition to deriving basic predictive indicators for SP Smallcap, we also check how macroeconomic factors affect SP Smallcap price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SP Smallcap'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 Smallcap in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
28.4030.0331.66
Details
Intrinsic
Valuation
LowReal ValueHigh
27.8529.4831.11
Details
Naive
Forecast
LowNext ValueHigh
28.4430.0631.69
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.3828.4530.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SP Smallcap. Your research has to be compared to or analyzed against SP Smallcap's peers to derive any actionable benefits. When done correctly, SP Smallcap'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 Smallcap Intl.

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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SP Smallcap Intl pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SP Smallcap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SP Smallcap will appreciate offsetting losses from the drop in the long position's value.

SP Smallcap Pair Trading

SP Smallcap Intl Pair Trading Analysis

The ability to find closely correlated positions to SP Smallcap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SP Smallcap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SP Smallcap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SP Smallcap Intl to buy it.
The correlation of SP Smallcap is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SP Smallcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SP Smallcap Intl moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SP Smallcap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please check Risk vs Return Analysis. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running SP Smallcap Intl price analysis, check to measure SP Smallcap'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 Smallcap is operating at the current time. Most of SP Smallcap's value examination focuses on studying past and present price action to predict the probability of SP Smallcap's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SP Smallcap's price. Additionally, you may evaluate how the addition of SP Smallcap to your portfolios can decrease your overall portfolio volatility.
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The market value of SP Smallcap Intl is measured differently than its book value, which is the value of SP Smallcap that is recorded on the company's balance sheet. Investors also form their own opinion of SP Smallcap's value that differs from its market value or its book value, called intrinsic value, which is SP Smallcap'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 Smallcap's market value can be influenced by many factors that don't directly affect SP Smallcap'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 Smallcap's value and its price as these two are different measures arrived at by different means. Investors typically determine SP Smallcap value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Smallcap'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.