SPDR SPASX (Australia) Market Value

Symbol

SPDR

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 SPASX'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 SPASX.

SPDR SPASX Upside/Downside Indicators

SPDR SPASX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SPASX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR SPASX's standard deviation. In reality, there are many statistical measures that can use SPDR SPASX historical prices to predict the future SPDR SPASX's volatility.

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

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR SPASX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR SPASX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR SPASX etf over time.

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

SPDR SPASX 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 SPASX security.