SPDR SSgA Financial Statements From 2010 to 2024
| ULST Etf | USD 40.58 0.05 0.12% |
Check SPDR SSgA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR SSgA'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 SSgA Valuation or Volatility modules.
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SPDR SSgA Ultra ETF Beta Analysis
SPDR SSgA'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 SPDR SSgA Beta | 0.07 |
Most of SPDR SSgA'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, SPDR SSgA Ultra 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.
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In accordance with the recently published financial statements, SPDR SSgA Ultra has a Beta of 0.07. This is 74.07% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Ultrashort Bond category. The beta for all United States etfs is notably lower than that of the firm.
About SPDR SSgA Financial Statements
SPDR SSgA 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 SSgA investors may analyze each financial statement separately, they are all interrelated. The changes in SPDR SSgA's assets and liabilities, for example, are also reflected in the revenues and expenses on on SPDR SSgA's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The Adviser invests, under normal circumstances, at least 80 percent of the funds net assets in a portfolio of U.S. dollar-denominated investment-grade fixed income securities. SSGA Ultra is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of SPDR SSgA Correlation against competitors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of SPDR SSgA Ultra 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 SSgA's value that differs from its market value or its book value, called intrinsic value, which is SPDR SSgA'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 SSgA's market value can be influenced by many factors that don't directly affect SPDR SSgA'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 SSgA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SSgA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SSgA'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.