Spdr Ssga Sector Etf Market Value
SPDR SSGA's market value is the price at which a share of SPDR SSGA trades on a public exchange. It measures the collective expectations of SPDR SSGA Sector investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of SPDR SSGA Sector and determine expected loss or profit from investing in SPDR SSGA over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
| Symbol | SPDR |
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| XL | XL Fleet Corp | CompanyDelisted |
| XLO | Xilio Development | Company |
| XLEOX | Dreyfus Strategic Municipals | Mutual Fund |
| XLC | Communication Services Select | ETF |
| XLHK | Dow Jones Hong | Index |
| XLM | Stellar | Cryptocurrency |
Pair Trading with SPDR SSGA
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 SPDR SSGA 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 SPDR SSGA will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 0.99 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.99 | IVV | iShares Core SP | PairCorr |
| 0.84 | VIG | Vanguard Dividend | PairCorr |
| 1.0 | VV | Vanguard Large Cap | PairCorr |
Moving against SPDR Etf
The ability to find closely correlated positions to SPDR SSGA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR SSGA 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 SPDR SSGA - 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 SPDR SSGA Sector to buy it.
The correlation of SPDR SSGA is a statistical measure of how it moves in relation to other instruments. 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 SPDR SSGA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SSGA Sector 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 SPDR SSGA 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.Check out SPDR SSGA Correlation, SPDR SSGA Volatility and SPDR SSGA Alpha and Beta module to complement your research on SPDR SSGA. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
SPDR SSGA 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.