SPDR Global Competition

DGT Etf

USD 174.23 1.04 0.60%

SPDR Global Dow competes with SPDR SP, First Trust, Invesco SP, SPDR MSCI, and IShares MSCI; as well as few others. Analyzing SPDR Global competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of SPDR Global to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out SPDR Global Correlation with its peers.

SPDR Global vs 6 Meridian Correlation

Almost no diversification

The correlation between SPDR Global Dow and SIXA is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Global Dow and SIXA in the same portfolio, assuming nothing else is changed.

Moving together with SPDR Etf

0.94	GCOW	Pacer Global Cash Low Volatility	Pair Corr
0.96	WDIV	SPDR SP Global	Pair Corr
0.97	DEW	WisdomTree Global High	Pair Corr

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Hype

Prediction

Low	Estimated	High
173.60	174.23	174.86

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Intrinsic

Valuation

Low	Real	High
156.81	181.50	182.13

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Naive

Forecast

Low	Next	High
174.48	175.11	175.75

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Bollinger

Band Projection (param)

Lower	Middle Band	Upper
165.76	170.06	174.36

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPDR Global. Your research has to be compared to or analyzed against SPDR Global's peers to derive any actionable benefits. When done correctly, SPDR Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SPDR Global Dow.

SPDR Global Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SPDR Global and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of SPDR and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of SPDR Global Dow does not affect the price movement of the other competitor.

	DWX	FDV	GRPM	EFAX	EIS	RSPG	NTSI	DDLS	DFSE	SIXA
DWX		0.94	0.78	0.95	0.92	0.72	0.95	0.96	0.83	0.95	DWX
FDV	0.94		0.78	0.91	0.9	0.81	0.92	0.94	0.82	0.97	FDV
GRPM	0.78	0.78		0.86	0.85	0.55	0.85	0.85	0.64	0.86	GRPM
EFAX	0.95	0.91	0.86		0.98	0.69	1.0	0.97	0.89	0.94	EFAX
EIS	0.92	0.9	0.85	0.98		0.69	0.96	0.96	0.85	0.93	EIS
RSPG	0.72	0.81	0.55	0.69	0.69		0.72	0.74	0.77	0.75	RSPG
NTSI	0.95	0.92	0.85	1.0	0.96	0.72		0.97	0.9	0.94	NTSI
DDLS	0.96	0.94	0.85	0.97	0.96	0.74	0.97		0.87	0.96	DDLS
DFSE	0.83	0.82	0.64	0.89	0.85	0.77	0.9	0.87		0.79	DFSE
SIXA	0.95	0.97	0.86	0.94	0.93	0.75	0.94	0.96	0.79		SIXA
	DWX	FDV	GRPM	EFAX	EIS	RSPG	NTSI	DDLS	DFSE	SIXA

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SPDR Global Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Global ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SPDR Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DWX	0.40	0.12	0.15	0.38	0.24	(0.44)	0.85	(0.74)	2.63
FDV	0.50	0.09	0.12	0.24	0.28	(0.59)	1.07	(0.70)	2.35
GRPM	0.74	(0.01)	(0.01)	0.05	0.83	(0.81)	2.07	(1.60)	3.63
EFAX	0.57	0.08	0.08	0.17	0.64	(0.60)	1.18	(1.24)	2.94
EIS	0.91	0.22	0.16	0.31	1.03	(0.98)	1.93	(1.78)	5.60
RSPG	1.06	0.20	0.12	0.63	1.12	(1.11)	2.32	(1.82)	5.76
NTSI	0.58	0.08	0.08	0.17	0.56	(0.67)	1.22	(0.96)	3.30
DDLS	0.44	0.12	0.14	0.27	0.38	(0.49)	1.14	(0.78)	3.16
DFSE	0.61	0.09	0.09	0.20	0.59	(0.65)	1.42	(1.07)	3.07
SIXA	0.44	0.06	0.07	0.16	0.35	(0.50)	1.00	(0.88)	2.45

SPDR Global Competitive Analysis

The better you understand SPDR Global competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SPDR Global's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across SPDR Global's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	DGT	DWX	FDV	GRPM	EFAX	EIS	RSPG	NTSI	DDLS	DFSE
	0.60 174.23 SPDR	0.90 45.76 SPDR	0.46 29.99 First	0.30 122.38 Invesco	1.14 52.85 SPDR	0.87 119.68 IShares	0.81 88.33 Invesco	0.90 46.05 WisdomTree	0.40 45.12 WisdomTree	0.62 44.97 Dimensional
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Solid	Solid	Soft	Good	Solid	Good	Good	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Buy	Strong Buy	Strong Hold	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy
Net Asset	94.21 M	465.88 M	68.03 M	N/A	202.34 M	152.06 M	N/A	81.84 M	87.98 M	N/A
Price To Book	1.54	1.49	3.0	N/A	N/A	1.61	N/A	N/A	N/A	N/A
Five Year Return	14.8	8.4	N/A	9.7	8.6	13.8	23.6	N/A	11.8	N/A
One Year Return	28.0	33.0	11.6	5.9	30.3	48.2	6.5	30.0	33.6	35.2
Last Dividend Paid	0.59	0.45	N/A	N/A	0.66	0.11	N/A	N/A	0.071	N/A
Price To Earning	-16.93	13.02	17.15	N/A	N/A	13.57	N/A	N/A	N/A	N/A
Beta	0.94	0.8	0.65	1.24	1.03	1.25	0.61	1.0	0.76	0.92
Price To Sales	1.06	1.25	1.5	N/A	N/A	1.14	N/A	N/A	N/A	N/A
Equity Positions Weight	99.41	98.7	100.0	N/A	99.67	99.81	N/A	58.86	99.68	N/A
Three Year Return	19.8	13.9	8.3	12.1	15.7	27.4	7.5	13.1	16.5	15.1
Annual Yield	N/A	N/A	1.6	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Year To Date Return	N/A	N/A	1.43	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	14.2	8.4	N/A	12.4	N/A	11.5	10.3	N/A	10.1	N/A
Day Typical Price	173.91	45.63	30.02	122.34	52.83	119.47	88.08	45.94	45.01	44.99
Accumulation Distribution	290.5	325.76	0.0076	288.89	0.0062	1958.41	0.0115	0.0069	222.04	274.49
Market Facilitation Index	1.0E-4	0.0	0.23	1.0E-4	0.33	0.0	1.02	0.32	0.0	0.0
Daily Balance Of Power	0.5	0.8542	(0.61)	(0.23)	(1.85)	(0.45)	0.6961	(1.31)	0.2951	(0.40)
Period Momentum Indicator	1.04	0.41	(0.14)	(0.37)	(0.61)	(1.05)	0.71	(0.42)	0.18	(0.28)
Rate Of Daily Change	1.01	1.01	1.0	1.0	0.99	0.99	1.01	0.99	1.0	0.99
Day Median Price	173.75	45.56	30.04	122.32	52.83	119.36	87.95	45.89	44.96	45.0
Price Action Indicator	1.0	0.4	(0.12)	(0.12)	(0.28)	(0.20)	0.73	(0.05)	0.25	(0.17)
Relative Strength Index	65.1	71.0	65.37	51.79	62.93	64.61	66.07	62.47	68.49	67.65
Coefficient Of Variation	541.87	369.35	485.43	1777.06	559.38	419.56	578.32	599.0	376.34	611.03
Mean Deviation	0.505	0.4027	0.4982	0.7399	0.5744	0.9136	1.06	0.5802	0.4433	0.6061
Jensen Alpha	0.0712	0.116	0.0884	(0.01)	0.0842	0.224	0.2019	0.077	0.1205	0.0887
Total Risk Alpha	0.0622	0.0964	0.0701	(0.02)	0.0691	0.1858	0.1258	0.0601	0.1066	0.0632
Sortino Ratio	0.084	0.1541	0.1234	(0.01)	0.0807	0.1643	0.122	0.0828	0.1367	0.0872
Downside Variance	0.4393	0.288	0.2419	0.8458	0.7403	1.74	1.91	0.5283	0.509	0.6001
Standard Deviation	0.634	0.5319	0.5921	0.978	0.7313	1.17	1.33	0.7279	0.5979	0.7873
Kurtosis	0.0336	0.5006	(0.90)	0.3221	(0.26)	0.5924	0.0136	(0.31)	1.09	0.3663
Potential Upside	1.07	0.8517	1.07	2.07	1.18	1.93	2.32	1.22	1.14	1.42
Treynor Ratio	0.1535	0.3824	0.2433	0.0461	0.1695	0.3104	0.6341	0.1658	0.2693	0.2023
Maximum Drawdown	2.82	2.63	2.35	3.63	2.94	5.6	5.76	3.3	3.16	3.07
Variance	0.402	0.2829	0.3506	0.9565	0.5348	1.36	1.76	0.5298	0.3574	0.6199
Market Risk Adjusted Performance	0.1635	0.3924	0.2533	0.0561	0.1795	0.3204	0.6441	0.1758	0.2793	0.2123
Risk Adjusted Performance	0.1325	0.1929	0.1473	0.0434	0.1299	0.1768	0.1301	0.1212	0.1908	0.1196
Skewness	(0.36)	0.1494	0.2725	0.2172	(0.42)	(0.70)	(0.15)	(0.28)	(0.60)	0.0149
Semi Deviation	0.5036	0.2358	0.2788	0.8287	0.6371	1.03	1.12	0.5614	0.3845	0.59
Information Ratio	0.0879	0.1555	0.1025	(0.01)	0.0949	0.1858	0.1268	0.0827	0.1632	0.0858
Value At Risk	(1.14)	(0.74)	(0.70)	(1.60)	(1.24)	(1.78)	(1.82)	(0.96)	(0.78)	(1.07)
Expected Short fall	(0.54)	(0.44)	(0.59)	(0.81)	(0.60)	(0.98)	(1.11)	(0.67)	(0.49)	(0.65)
Downside Deviation	0.6628	0.5367	0.4919	0.9197	0.8604	1.32	1.38	0.7269	0.7134	0.7746
Semi Variance	0.2536	0.0556	0.0777	0.6867	0.4059	1.06	1.26	0.3152	0.1479	0.3481

SPDR Global Competition Performance Charts

Five steps to successful analysis of SPDR Global Competition

SPDR Global's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by SPDR Global Dow in relation to its competition. SPDR Global's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of SPDR Global in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact SPDR Global's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SPDR Global Dow, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your SPDR Global position

In addition to having SPDR Global in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Companies specializing in advertising, marketing and advertising services. The Advertising theme has 16 constituents at this time.

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When determining whether SPDR Global Dow is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPDR Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spdr Global Dow Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Global Dow Etf:

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Check out SPDR Global Correlation with its peers.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Investors evaluate SPDR Global Dow using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating SPDR Global's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause SPDR Global's market price to deviate significantly from intrinsic value.

It's important to distinguish between SPDR Global's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding SPDR Global should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, SPDR Global's market price signifies the transaction level at which participants voluntarily complete trades.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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SPDR Global Competition

SPDR Global vs 6 Meridian Correlation

Almost no diversification

Moving together with SPDR Etf

Specify up to 10 symbols:

SPDR Global Competition Correlation Matrix

SPDR Global Constituents Risk-Adjusted Indicators

SPDR Global Competitive Analysis

SPDR Global Competition Performance Charts

Five steps to successful analysis of SPDR Global Competition

Complement your SPDR Global position

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Run Advertising Thematic Idea Now

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