SPDR Dow (Mexico) Market Value
| DIA Etf | MXN 8,993 71.94 0.79% |
| Symbol | SPDR |
SPDR Dow '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 Dow'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 Dow.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SPDR Dow on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Dow Jones or generate 0.0% return on investment in SPDR Dow over 30 days. SPDR Dow is related to or competes with Vanguard Index, Vanguard Index, Vanguard STAR, SPDR SP, IShares Trust, Vanguard Bond, and Invesco QQQ. The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield pe... More
SPDR Dow 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 Dow'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 Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0171 | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 2.19 |
SPDR Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Dow's standard deviation. In reality, there are many statistical measures that can use SPDR Dow historical prices to predict the future SPDR Dow's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.1274 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0161 | |||
| Treynor Ratio | 2.19 |
SPDR Dow Jones Backtested Returns
SPDR Dow appears to be very steady, given 3 months investment horizon. SPDR Dow Jones owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Dow Jones, which you can use to evaluate the volatility of the etf. Please review SPDR Dow's risk adjusted performance of 0.093, and Coefficient Of Variation of 809.99 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0613, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Dow is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
SPDR Dow Jones has poor reverse predictability. Overlapping area represents the amount of predictability between SPDR Dow time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Dow Jones price movement. The serial correlation of -0.39 indicates that just about 39.0% of current SPDR Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 13.7 K |
SPDR Dow Jones lagged returns against current returns
Autocorrelation, which is SPDR Dow 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 Dow's etf expected returns. We can calculate the autocorrelation of SPDR Dow returns to help us make a trade decision. For example, suppose you find that SPDR Dow 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 Dow 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 Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Dow etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR Dow Lagged Returns
When evaluating SPDR Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Dow etf have on its future price. SPDR Dow 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 Dow autocorrelation shows the relationship between SPDR Dow etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR Dow Jones.
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.Additional Information and Resources on Investing in SPDR Etf
When determining whether SPDR Dow Jones offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Dow's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Dow Jones Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Dow Jones Etf:Check out SPDR Dow Correlation, SPDR Dow Volatility and SPDR Dow Alpha and Beta module to complement your research on SPDR Dow. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
SPDR Dow 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.