SPDR S&P Regional Banking ETF (KRE) - 20th July 2023 | @ 82 Days
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SPDR S&P Regional Banking ETF (KRE) - 20th July 2023 | @ 82 Days
Last trade: + 9.24 | 'C' class signal detected in SPDR S&P Regional Banking ETF (KRE). Average wavelength of 82 days - 12 completed sample iterations since December 2020. Currently approaching a peak.
Instrument Summary
SPDR S&P Regional Banking ETF (KRE) is an exchange-traded fund that aims to track the performance of regional banking companies. Its holdings include well-established institutions like US Bancorp, PNC Financial Services, and Fifth Third Bancorp. KRE offers investors exposure to a diversified basket of regional banks, providing potential opportunities for growth and risk diversification within the financial sector.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument. For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Type: Buy - SPDR S&P Regional Banking ETF 6th June 2023
Entry: 6th June 2023 @ 43.16
Exit: 19th July 2023 @ 47.15
Gain: 9.24%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 81.86 Days
Completed Iterations: 12
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
Phase: Approaching Peak
FM: +- 12 Days
AM: 0.71676
Next Trough Range: 3rd September - 27th September, 2023
Next Peak Range: 24th August - 15th August, 2023
Sigma-L Recommendation: Early Sell
Time Target: ~ 15th September, 2023
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.