SPDR SSgA Financials
| GAL Etf | USD 45.21 0.13 0.29% |
Net Expense Ratio 0.0035 | 3 y Sharp Ratio (0.04) |
SPDR |
The data published in SPDR SSgA's official financial statements typically reflect SPDR SSgA's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving SPDR SSgA's quantitative information. For example, before you start analyzing numbers published by SPDR accountants, it's essential to understand SPDR SSgA's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
SPDR SSgA Etf Summary
SPDR SSgA competes with SPDR SSgA, SPDR SSgA, SPDR Bloomberg, SPDR Bloomberg, and Cambria Global. The Adviser primarily invests the assets of the fund among exchange traded products that provide balanced exposure to domestic and international debt and equity securities. SSGA Global is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US78467V4005 |
| CUSIP | 78467V400 |
| Region | Global |
| Investment Issuer | SSgA |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Asset Allocation |
| Portfolio Concentration | Target Outcome |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SPDR SSgA Key Financial Ratios
SPDR Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPDR SSgA's current stock value. Our valuation model uses many indicators to compare SPDR SSgA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR SSgA competition to find correlations between indicators driving SPDR SSgA's intrinsic value. More Info.SPDR SSgA Global is rated # 2 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for SPDR SSgA Global is roughly 9.46 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SPDR SSgA 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.SPDR SSgA Global Systematic Risk
SPDR SSgA's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SPDR SSgA volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on SPDR SSgA Global correlated with the market. If Beta is less than 0 SPDR SSgA generally moves in the opposite direction as compared to the market. If SPDR SSgA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR SSgA Global is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR SSgA is generally in the same direction as the market. If Beta > 1 SPDR SSgA moves generally in the same direction as, but more than the movement of the benchmark.
SPDR SSgA Thematic Clasifications
SPDR SSgA Global is part of several thematic ideas from Target Outcome ETFs to Asset Allocation ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasSPDR SSgA November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SPDR SSgA help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPDR SSgA Global. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPDR SSgA Global based on widely used predictive technical indicators. In general, we focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SPDR SSgA's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.4923 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8385 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SSgA Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of SPDR SSgA Global 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.