Spdr Doubleline Short Etf Technical Analysis
| STOT Etf | USD 46.66 0.11 0.24% |
As of the 19th of April, SPDR DoubleLine has the risk adjusted performance of 0.0041, and Standard Deviation of 0.0886. In connection with fundamental indicators, the technical analysis model makes it possible for you to check practical technical drivers of SPDR DoubleLine Short, 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 were able to break down and interpolate data for eighteen technical drivers for SPDR DoubleLine Short, which can be compared to its competition. Please validate SPDR DoubleLine Short downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if SPDR DoubleLine is priced adequately, providing market reflects its prevalent price of 46.66 per share.
SPDR DoubleLine 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 DoubleLine 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 DoubleLine Short Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 DoubleLine Short volatility. High ATR values indicate high volatility, and low values indicate low volatility.
SPDR DoubleLine Short Trend Analysis
Use this graph to draw trend lines for SPDR DoubleLine Short. You can use it to identify possible trend reversals for SPDR DoubleLine 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 DoubleLine price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.SPDR DoubleLine Best Fit Change Line
The following chart estimates an ordinary least squares regression model for SPDR DoubleLine Short applied against its price change over selected period. The best fit line has a slop of 0.01 , which means SPDR DoubleLine Short will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.72, which is the sum of squared deviations for the predicted SPDR DoubleLine price change compared to its average price change.About SPDR DoubleLine 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 DoubleLine Short 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 DoubleLine Short based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR DoubleLine Short price pattern first instead of the macroeconomic environment surrounding SPDR DoubleLine Short. By analyzing SPDR DoubleLine'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 DoubleLine'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 DoubleLine specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR DoubleLine April 19, 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.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0041 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.0648 | |||
| Downside Deviation | 0.1039 | |||
| Coefficient Of Variation | 967.58 | |||
| Standard Deviation | 0.0886 | |||
| Variance | 0.0079 | |||
| Information Ratio | (0.67) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 0.4276 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.1506 | |||
| Downside Variance | 0.0108 | |||
| Semi Variance | (0.0005) | |||
| Expected Short fall | (0.07) | |||
| Skewness | (0.68) | |||
| Kurtosis | 1.23 |
SPDR DoubleLine Short One Year Return
Based on the recorded statements, SPDR DoubleLine Short has an One Year Return of 5.8%. This is 25.26% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Short-Term Bond 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR DoubleLine Short. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of SPDR DoubleLine Short 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 DoubleLine's value that differs from its market value or its book value, called intrinsic value, which is SPDR DoubleLine'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 DoubleLine's market value can be influenced by many factors that don't directly affect SPDR DoubleLine'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 DoubleLine's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR DoubleLine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR DoubleLine'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.