SPDR Dow Financial Statements From 2010 to 2024
| RWR Etf | USD 106.12 0.56 0.53% |
Check SPDR Dow financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR Dow'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 Dow Valuation or Volatility modules.
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SPDR Dow Jones ETF Price To Earning Analysis
SPDR Dow's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current SPDR Dow Price To Earning | 2.69 X |
Most of SPDR Dow's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Dow Jones is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, SPDR Dow Jones has a Price To Earning of 2.69 times. This is 60.44% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Real Estate category. The price to earning for all United States etfs is 14.6% higher than that of the company.
SPDR Dow Jones Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Dow's current stock value. Our valuation model uses many indicators to compare SPDR Dow value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR Dow competition to find correlations between indicators driving SPDR Dow's intrinsic value. More Info.SPDR Dow Jones is rated below average in price to earning as compared to similar ETFs. It is rated third largest ETF in price to book as compared to similar ETFs fabricating about 0.91 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for SPDR Dow Jones is roughly 1.10 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SPDR Dow by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About SPDR Dow Financial Statements
SPDR Dow shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although SPDR Dow investors may analyze each financial statement separately, they are all interrelated. The changes in SPDR Dow's assets and liabilities, for example, are also reflected in the revenues and expenses on on SPDR Dow's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. DJ REIT is traded on NYSEARCA Exchange in the United States.
Pair Trading with SPDR Dow
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 Dow 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 Dow will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
The ability to find closely correlated positions to SPDR Dow 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 Dow 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 Dow - 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 Dow Jones to buy it.
The correlation of SPDR Dow 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 Dow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Dow Jones 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 Dow 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 Dow Correlation against competitors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of SPDR Dow Jones is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Dow's value that differs from its market value or its book value, called intrinsic value, which is SPDR Dow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Dow's market value can be influenced by many factors that don't directly affect SPDR Dow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Dow'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.