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辅导 CP2403 Assignment 1调试SPSS

Task 1 — Histogram

Investigative Question

· Is XLB's daily return distribution symmetric from January 1, 2023, to January 1, 2025? What proportion of returns exceed ±2% (extreme volatility)?

Filtering

·  Filtered for XLB between 2023-01-01 and 2025-01-01, excluding periods with missing data. Kept daily return percentages.

Conclusion

· Symmetry: XLBs returns show a slight left skew due to global commodity price drops and demand changes.

· Extreme Volatility: 5.1% of days had returns > +2%, and 5.5% had returns < -2%, dominated by negative volatility.

· Investment Advice: Expect 10.6% of days with extreme volatility. Adjust XLB holdings based on economic conditions.

Task 2 — Box Plot (Category → daily_return_pct)

Investigative Question

· Do daily return volatilities differ across Sector ETFs, Macro Indicators, and Benchmark Indices from January 1, 2022, to January 1, 2025?

Filtering

· Filtered for Sector ETFs, Macro Indicators, and Benchmark Indices, focusing on daily return percentages.

Conclusion

· Volatility: Macro Indicators are most volatile, followed by Sector ETFs, and then Benchmark Indices.

· Sector ETFs: Cyclical ETFs (e.g., XLB) are more volatile than defensive ones (e.g., XLP).

· Investment Advice: Reduce volatility by increasing Benchmark Index allocation, but add XLB for cyclical exposure during recovery phases.

Task 3 — Line Chart (with moving average)

Investigative Question

· What is the relationship between the 2025 S&P 500 (^SPX) closing price and its 20-day SMA?

Filtering

· Retained data for ^SPX in 2025 and calculated the 20-day simple moving average.

Conclusion

Trend: SPX closed above the 20-day SMA, signaling a strong bullish trend with robust short-term price momentum and market confidence.

Task 4 — Bubble Chart (3 quantitative variables)

Investigative Question

· What is the relationship between rolling volatility, quarterly average daily return, and trading volume for XLB in 2024?

Filtering

· Calculated 20-day rolling volatility, quarterly average daily return, and trading volume for XLB over the 2024 quarters.

Conclusion

· Risk-Return: XLB shows medium risk and return with 12% volatility and 0.12% average return.

· Volume & Cycles: Trading volume correlates with the economic cycle, peaking in Q4 2024 due to recovery.

· Investment Advice: Pair XLB with low-risk assets like XLP and safe-haven assets like GLD for diversified, controlled risk.

Task 5 — Advanced Visualization

Investigative Question

· What is the correlation between daily returns of S&P 500 Sector ETFs (including XLB) and Benchmark Indices from January 1, 2023, to January 1, 2025??

Filtering

· Calculated Pearson correlation coefficients between daily returns of XLB, Sector ETFs, and Benchmark Indices over the 2023-2025 period.

Conclusion

· XLB Correlation: XLB is highly correlated with ^SPX (0.78) and moderately with XLE (0.65). Its a good diversification tool when paired with GLD (0.18) and TLT (0.22), which tend to rise when XLB falls.



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