SPDR Nuveen Financials
| MBND Etf | USD 27.68 0.01 0.04% |
Net Expense Ratio 0.004 | 3 y Sharp Ratio (0.61) |
SPDR |
The data published in SPDR Nuveen's official financial statements typically reflect SPDR Nuveen'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 Nuveen's quantitative information. For example, before you start analyzing numbers published by SPDR accountants, it's essential to understand SPDR Nuveen's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
Please note, the presentation of SPDR Nuveen's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SPDR Nuveen's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of SPDR Nuveen's management manipulating its earnings.
SPDR Nuveen Etf Summary
SPDR Nuveen competes with SSGA Active, SPDR MarketAxess, and SSGA Active. Normally, the fund invests at least 80 percent of its net assets in municipal bonds that pay income that is exempt from regular federal income tax. SPDR Nuveen is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| CUSIP | 78470P705 |
| Region | North America |
| Investment Issuer | SSgA |
| Location | Massachusetts; U.S.A |
| Business Address | Minnetonka, MN |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Municipals |
| Portfolio Concentration | Broad Municipals |
| Benchmark | Dow Jones Industrial |
| Website | www.multibandusa.com |
| Phone | NA |
| Currency | USD - US Dollar |
SPDR Nuveen Key Financial Ratios
| Return On Asset | 0.016 | |||
| Beta | 0.86 | |||
| Last Dividend Paid | 0.0219 |
SPDR Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Nuveen's current stock value. Our valuation model uses many indicators to compare SPDR Nuveen value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR Nuveen competition to find correlations between indicators driving SPDR Nuveen's intrinsic value. More Info.SPDR Nuveen Municipal is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for SPDR Nuveen Municipal is roughly 16.16 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SPDR Nuveen 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 Nuveen Municipal Systematic Risk
SPDR Nuveen's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SPDR Nuveen 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on SPDR Nuveen Municipal correlated with the market. If Beta is less than 0 SPDR Nuveen generally moves in the opposite direction as compared to the market. If SPDR Nuveen Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR Nuveen Municipal is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR Nuveen is generally in the same direction as the market. If Beta > 1 SPDR Nuveen moves generally in the same direction as, but more than the movement of the benchmark.
About SPDR Nuveen Financials
What exactly are SPDR Nuveen Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include SPDR Nuveen's income statement, its balance sheet, and the statement of cash flows. Potential SPDR Nuveen investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SPDR Nuveen investors may use each financial statement separately, they are all related. The changes in SPDR Nuveen's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SPDR Nuveen's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.SPDR Nuveen Thematic Clasifications
SPDR Nuveen Municipal is part of several thematic ideas from Municipals ETFs to Broad Municipals 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 Nuveen November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SPDR Nuveen help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPDR Nuveen Municipal. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPDR Nuveen Municipal 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 Nuveen's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2654 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.3945 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Nuveen Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of SPDR Nuveen Municipal 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 Nuveen's value that differs from its market value or its book value, called intrinsic value, which is SPDR Nuveen'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 Nuveen's market value can be influenced by many factors that don't directly affect SPDR Nuveen'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 Nuveen's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Nuveen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Nuveen'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.