SPDR Barclays (France) Market Value
| EUCO Etf | EUR 53.74 0.08 0.15% |
| Symbol | SPDR |
SPDR Barclays '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 Barclays' 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 Barclays.
| 10/16/2024 |
| 11/15/2024 |
If you would invest 0.00 in SPDR Barclays on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Barclays Euro or generate 0.0% return on investment in SPDR Barclays over 30 days. SPDR Barclays is related to or competes with Amundi ETF, IShares STOXX, IShares Global, and SPDR MSCI. The objective of the SPDR Barclays Capital Euro Corporate Bond ETF is to track the performance of the fixed-rate, invest... More
SPDR Barclays 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 Barclays' 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 Barclays Euro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1844 | |||
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 0.7108 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2816 |
SPDR Barclays Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Barclays' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Barclays' standard deviation. In reality, there are many statistical measures that can use SPDR Barclays historical prices to predict the future SPDR Barclays' volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.3767 |
SPDR Barclays Euro Backtested Returns
At this point, SPDR Barclays is very steady. SPDR Barclays Euro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Barclays Euro, which you can use to evaluate the volatility of the etf. Please validate SPDR Barclays' risk adjusted performance of 0.0959, and Standard Deviation of 0.1702 to confirm if the risk estimate we provide is consistent with the expected return of 0.0253%. The entity has a beta of 0.0508, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Barclays' returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Barclays is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
SPDR Barclays Euro has good reverse predictability. Overlapping area represents the amount of predictability between SPDR Barclays time series from 16th of October 2024 to 31st of October 2024 and 31st of October 2024 to 15th of November 2024. 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 Barclays Euro price movement. The serial correlation of -0.52 indicates that about 52.0% of current SPDR Barclays price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SPDR Barclays Euro lagged returns against current returns
Autocorrelation, which is SPDR Barclays 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 Barclays' etf expected returns. We can calculate the autocorrelation of SPDR Barclays returns to help us make a trade decision. For example, suppose you find that SPDR Barclays has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SPDR Barclays 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 Barclays etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Barclays etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Barclays etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Barclays Lagged Returns
When evaluating SPDR Barclays' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Barclays etf have on its future price. SPDR Barclays 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 Barclays autocorrelation shows the relationship between SPDR Barclays etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Barclays Euro.
Regressed Prices |
| Timeline |
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.Other Information on Investing in SPDR Etf
SPDR Barclays financial ratios help investors to determine whether SPDR Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR Barclays security.