Spear Alpha Financial Statements From 2010 to 2025
| SPRX Etf | USD 39.10 0.82 2.05% |
Check Spear Alpha financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spear Alpha's main balance sheet or income statement drivers, such as , as well as many indicators such as . Spear financial statements analysis is a perfect complement when working with Spear Alpha Valuation or Volatility modules.
This module can also supplement Spear Alpha's financial leverage analysis and stock options assessment as well as various Spear Alpha Technical models . Check out the analysis of Spear Alpha Correlation against competitors. Spear Alpha ETF ETF Beta Analysis
Spear Alpha's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Spear Alpha Beta | 1.98 |
Most of Spear Alpha's fundamental indicators, such as Beta, 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, Spear Alpha ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Spear Alpha ETF has a Beta of 1.98. This is much higher than that of the Spear family and significantly higher than that of the Technology category. The beta for all United States etfs is notably lower than that of the firm.
About Spear Alpha Financial Statements
Spear Alpha investors use historical fundamental indicators, such as Spear Alpha's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Spear Alpha. Please read more on our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that will invest primarily in equity securities, including common stock or American depositary receipts of companies that Spear Advisors LLC believes are poised to benefit from breakthrough innovation in industrial technology. Spear Alpha is traded on NASDAQ Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Spear Alpha ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Spear Alpha's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spear Alpha Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spear Alpha Etf:Check out the analysis of Spear Alpha Correlation against competitors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of Spear Alpha ETF is measured differently than its book value, which is the value of Spear that is recorded on the company's balance sheet. Investors also form their own opinion of Spear Alpha's value that differs from its market value or its book value, called intrinsic value, which is Spear Alpha'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 Spear Alpha's market value can be influenced by many factors that don't directly affect Spear Alpha'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 Spear Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spear Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spear Alpha'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.