Spdr Sp Homebuilders Etf Technical Analysis
XHB Etf | USD 111.59 0.94 0.85% |
As of the 29th of March, SPDR SP has the risk adjusted performance of 0.1114, and Coefficient Of Variation of 525.46. In connection with fundamental indicators, the technical analysis model makes it possible for you to check practical technical drivers of SPDR SP Homebuilders, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for SPDR SP Homebuilders, which can be compared to its competition. Please validate SPDR SP Homebuilders information ratio, as well as the relationship between the value at risk and expected short fall to decide if SPDR SP is priced adequately, providing market reflects its prevalent price of 111.59 per share.
SPDR SP 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 SP 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 SP Homebuilders Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 SP Homebuilders volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR SP Homebuilders Trend Analysis
Use this graph to draw trend lines for SPDR SP Homebuilders. You can use it to identify possible trend reversals for SPDR SP 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 SP price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR SP Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR SP Homebuilders applied against its price change over selected period. The best fit line has a slop of 0.31 , which may imply that SPDR SP Homebuilders will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 3552.56, which is the sum of squared deviations for the predicted SPDR SP price change compared to its average price change.About SPDR SP 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 SP Homebuilders 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 SP Homebuilders based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR SP Homebuilders price pattern first instead of the macroeconomic environment surrounding SPDR SP Homebuilders. By analyzing SPDR SP'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 SP'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 SP specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR SP March 29, 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1114 | |||
Market Risk Adjusted Performance | 0.1397 | |||
Mean Deviation | 1.01 | |||
Semi Deviation | 1.14 | |||
Downside Deviation | 1.44 | |||
Coefficient Of Variation | 525.46 | |||
Standard Deviation | 1.29 | |||
Variance | 1.66 | |||
Information Ratio | 0.0856 | |||
Jensen Alpha | 0.0087 | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | 0.0765 | |||
Treynor Ratio | 0.1297 | |||
Maximum Drawdown | 5.72 | |||
Value At Risk | (1.88) | |||
Potential Upside | 1.84 | |||
Downside Variance | 2.08 | |||
Semi Variance | 1.29 | |||
Expected Short fall | (1.04) | |||
Skewness | (0.60) | |||
Kurtosis | 0.1639 |
SPDR SP Homebuilders One Year Return
Based on the recorded statements, SPDR SP Homebuilders has an One Year Return of 70%. This is much higher than that of the SPDR State Street Global Advisors family and notably higher than that of the Consumer Cyclical 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.SPDR SP March 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 21,792 | ||
Daily Balance Of Power | 0.73 | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 111.32 | ||
Day Typical Price | 111.41 | ||
Price Action Indicator | 0.74 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Homebuilders. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the SPDR SP Homebuilders information on this page should be used as a complementary analysis to other SPDR SP'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 the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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When running SPDR SP's price analysis, check to measure SPDR SP'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 SP is operating at the current time. Most of SPDR SP's value examination focuses on studying past and present price action to predict the probability of SPDR SP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPDR SP's price. Additionally, you may evaluate how the addition of SPDR SP to your portfolios can decrease your overall portfolio volatility.
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The market value of SPDR SP Homebuilders 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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.