Spdr Stoxx Europe Etf Market Value
| FEU Etf | USD 48.66 0.21 0.43% |
| Symbol | SPDR |
The market value of SPDR STOXX Europe 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 STOXX's value that differs from its market value or its book value, called intrinsic value, which is SPDR STOXX'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 STOXX's market value can be influenced by many factors that don't directly affect SPDR STOXX'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 STOXX's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR STOXX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR STOXX'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.
SPDR STOXX '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 STOXX'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 STOXX.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in SPDR STOXX on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding SPDR STOXX Europe or generate 0.0% return on investment in SPDR STOXX over 90 days. SPDR STOXX is related to or competes with SPDR Bloomberg, SPDR Kensho, SPDR Kensho, and SPDR SP. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total ret... More
SPDR STOXX 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 STOXX'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 STOXX Europe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8007 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.21 |
SPDR STOXX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR STOXX's standard deviation. In reality, there are many statistical measures that can use SPDR STOXX historical prices to predict the future SPDR STOXX's volatility.| Risk Adjusted Performance | 0.1466 | |||
| Jensen Alpha | 0.0458 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.3456 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR STOXX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR STOXX Europe Backtested Returns
Currently, SPDR STOXX Europe is very steady. SPDR STOXX Europe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for SPDR STOXX Europe, which you can use to evaluate the volatility of the etf. Please validate SPDR STOXX's risk adjusted performance of 0.1466, and Coefficient Of Variation of 598.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR STOXX is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
SPDR STOXX Europe has very weak predictability. Overlapping area represents the amount of predictability between SPDR STOXX time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. 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 STOXX Europe price movement. The serial correlation of 0.18 indicates that over 18.0% of current SPDR STOXX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
SPDR STOXX Europe lagged returns against current returns
Autocorrelation, which is SPDR STOXX 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 STOXX's etf expected returns. We can calculate the autocorrelation of SPDR STOXX returns to help us make a trade decision. For example, suppose you find that SPDR STOXX 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 STOXX 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 STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR STOXX etf over time.
Current vs Lagged Prices |
| Timeline |
SPDR STOXX Lagged Returns
When evaluating SPDR STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR STOXX etf have on its future price. SPDR STOXX 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 STOXX autocorrelation shows the relationship between SPDR STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in SPDR STOXX Europe.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out SPDR STOXX Correlation, SPDR STOXX Volatility and SPDR STOXX Alpha and Beta module to complement your research on SPDR STOXX. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
SPDR STOXX 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.