SPDR Kensho Financial Statements From 2010 to 2026
| KOMP Etf | USD 63.35 0.28 0.44% |
Check SPDR Kensho financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR Kensho's main balance sheet or income statement drivers, such as , as well as many indicators such as . SPDR financial statements analysis is a perfect complement when working with SPDR Kensho Valuation or Volatility modules.
This module can also supplement SPDR Kensho's financial leverage analysis and stock options assessment as well as various SPDR Kensho Technical models . Check out the analysis of SPDR Kensho Correlation against competitors. Pair Trading with SPDR Kensho
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR Kensho position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR Kensho will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.65 | VOT | Vanguard Mid Cap | PairCorr |
| 0.69 | IWP | iShares Russell Mid | PairCorr |
| 0.83 | IJK | iShares SP Mid | PairCorr |
| 0.88 | JKH | iShares Morningstar Mid | PairCorr |
The ability to find closely correlated positions to SPDR Kensho could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Kensho when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Kensho - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Kensho New to buy it.
The correlation of SPDR Kensho is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Kensho moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Kensho New moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR Kensho can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of SPDR Kensho Correlation against competitors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
SPDR Kensho New's market price often diverges from its book value, the accounting figure shown on SPDR's balance sheet. Smart investors calculate SPDR Kensho's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since SPDR Kensho's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that SPDR Kensho's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether SPDR Kensho represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. However, SPDR Kensho'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.