SSgA Competition

Analyzing SSgA 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 SSgA to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of SSgA competition on your existing holdings.

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SSgA Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SSgA 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 SSgA 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 SSgA does not affect the price movement of the other competitor.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.53	0.1	0.5	0.07	0.64	0.3	-0.52	0.73	META
MSFT	0.26		0.19	0.2	0.14	0.01	0.04	-0.08	0.13	-0.2	MSFT
UBER	0.53	0.19		-0.06	-0.13	0.28	-0.05	-0.17	0.11	0.35	UBER
F	0.1	0.2	-0.06		0.32	-0.41	0.52	0.71	-0.39	0.32	F
T	0.5	0.14	-0.13	0.32		-0.49	0.82	0.68	-0.8	0.39	T
A	0.07	0.01	0.28	-0.41	-0.49		-0.44	-0.58	0.62	0.0	A
CRM	0.64	0.04	-0.05	0.52	0.82	-0.44		0.87	-0.91	0.64	CRM
JPM	0.3	-0.08	-0.17	0.71	0.68	-0.58	0.87		-0.84	0.46	JPM
MRK	-0.52	0.13	0.11	-0.39	-0.8	0.62	-0.91	-0.84		-0.55	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.64	0.46	-0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

JPM	+ 0.87	CRM
CRM	+ 0.82	T
XOM	+ 0.73	META
JPM	+ 0.71	F
JPM	+ 0.68	T
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.84	JPM
MRK	- 0.8	T
JPM	- 0.58	A
XOM	- 0.55	MRK
MRK	- 0.52	META

SSgA Competition Risk-Adjusted Indicators

There is a big difference between SSgA Etf performing well and SSgA 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 SSgA'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
META	1.11	0.13	0.06	0.31	1.37	(1.22)	2.69	(3.15)	8.02
MSFT	0.92	(0.01)	(0.03)	0.09	1.49	(0.90)	2.09	(1.85)	8.19
UBER	1.63	(0.08)	(0.03)	0.04	2.32	(1.73)	2.69	(2.53)	20.10
F	1.43	(0.16)	(0.04)	0.01	2.21	(1.41)	2.53	(2.90)	11.21
T	0.95	0.00	0.10	0.00	0.95	(1.06)	2.56	(1.86)	6.47
A	1.17	(0.08)	0.00	(0.05)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.29	0.26	0.20	0.34	1.06	(1.50)	3.18	(1.91)	9.98
JPM	1.14	(0.04)	0.04	0.09	1.38	(1.25)	2.05	(2.00)	15.87
MRK	0.92	(0.26)	0.00	(0.91)	0.00	0.00	2.00	(2.13)	4.89
XOM	0.98	(0.05)	(0.08)	0.02	1.32	(1.03)	2.10	(2.09)	5.74

Unable to evaluate fundamental data of [SSCDF, SSBBF, SSEHF, SSEEF, SSEUF, SSDEF, SSDRF, SSGFF, SSGEF] at this time. Please try again later

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SSgA Competitive Analysis

The better you understand SSgA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SSgA'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 SSgA'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

	SSCDF	SSEHF	SSEEF	SSEUF	SSDRF	SSGFF	SSGEF
	0.00 51.21 SSgA	0.00 45.23 SSgA	1.36 78.51 SSgA	0.82 70.45 SSgA	0.05 103.57 SSgA	0.00 64.56 SSgA	0.00 103.68 SSgA
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Insignificant	Good	Good	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Dangerous	Dangerous	About Average	About Average	About Average	Dangerous	Dangerous
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Not Rated	Strong Buy	Strong Buy	Strong Buy	Not Rated	Not Rated
One Year Return	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Last Dividend Paid	N/A	N/A	0.32	N/A	N/A	N/A	0.57
Three Year Return	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Asset	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Day Typical Price	51.21	45.23	78.58	70.19	103.27	64.56	103.68
Accumulation Distribution	N/A	N/A	0.0028	0.0112	0.0086	N/A	N/A
Market Facilitation Index	N/A	N/A	0.22	0.79	0.89	N/A	N/A
Daily Balance Of Power	0.0	0.0	(4.91)	0.7215	(0.06)	0.0	0.0
Period Momentum Indicator	N/A	N/A	(1.08)	0.57	(0.05)	N/A	N/A
Rate Of Daily Change	1.0	1.0	0.99	1.01	1.0	1.0	1.0
Day Median Price	51.21	45.23	78.62	70.06	103.13	64.56	103.68
Price Action Indicator	N/A	N/A	(0.65)	0.68	0.42	N/A	N/A
Coefficient Of Variation	593.69	1676.87	1122.47	867.96	749.1	782.25	738.11
Mean Deviation	0.6389	0.3881	0.3229	0.9246	0.8198	0.324	0.2816
Jensen Alpha	0.1542	0.0422	0.0246	0.0019	0.0266	0.1217	0.1281
Total Risk Alpha	0.0275	(0.09)	(0.05)	(0.06)	(0.03)	(0.03)	(0.02)
Sortino Ratio	N/A	(0.04)	(0.08)	0.0265	0.0307	N/A	N/A
Downside Variance	N/A	3.11	0.8157	1.28	0.8484	N/A	N/A
Standard Deviation	1.99	0.9137	0.6258	1.34	1.14	1.0	0.7602
Kurtosis	52.77	12.17	6.97	8.28	2.59	26.13	16.58
Potential Upside	N/A	1.23	0.9766	2.04	1.98	N/A	0.6239
Treynor Ratio	0.2177	2.25	0.2468	0.1158	0.1405	(3.98)	(0.30)
Maximum Drawdown	15.38	5.51	3.48	8.88	6.31	7.47	6.4
Variance	3.95	0.8349	0.3917	1.79	1.31	1.01	0.5778
Market Risk Adjusted Performance	0.2277	2.26	0.2568	0.1258	0.1505	(3.97)	(0.29)
Risk Adjusted Performance	0.1348	0.0472	0.0659	0.0923	0.1053	0.1001	0.1035
Skewness	7.08	1.68	1.41	1.8	1.06	4.63	2.3
Semi Deviation	N/A	0.5275	0.3163	0.9406	0.6778	N/A	N/A
Information Ratio	0.1059	(0.08)	(0.11)	0.0224	0.0248	0.004	(0.03)
Value At Risk	N/A	(1.53)	(0.97)	(1.70)	(1.39)	N/A	N/A
Expected Short fall	N/A	(1.48)	(0.81)	(0.97)	(1.08)	N/A	N/A
Downside Deviation	N/A	1.76	0.9031	1.13	0.9211	N/A	N/A
Semi Variance	N/A	0.2782	0.1	0.8848	0.4594	N/A	N/A

SSgA Competition Performance Charts

Five steps to successful analysis of SSgA Competition

SSgA'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 SSgA in relation to its competition. SSgA's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of SSgA 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 SSgA's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SSgA, 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 SSgA position

In addition to having SSgA 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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Construction

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Theme or any other thematic opportunities.

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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Other Tools for SSgA Etf

When running SSgA's price analysis, check to measure SSgA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SSgA is operating at the current time. Most of SSgA's value examination focuses on studying past and present price action to predict the probability of SSgA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSgA's price. Additionally, you may evaluate how the addition of SSgA to your portfolios can decrease your overall portfolio volatility.

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