SSgA Financials
| SLY Etf | USD 85.46 0.63 0.73% |
SSgA |
The data published in SSgA's official financial statements typically reflect 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 SSgA's quantitative information. For example, before you start analyzing numbers published by SSgA accountants, it's essential to understand SSgA's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
Please note, the imprecision that can be found in SSgA's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SSgA. Check SSgA's Beneish M Score to see the likelihood of SSgA's management manipulating its earnings.
SSgA Etf Summary
SSgA competes with SPDR SP, SPDR SP, SPDR SP, SPDR SP, and Invesco SP. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. SP Smallcap is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SSgA Key Financial Ratios
SSgA Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SSgA's current stock value. Our valuation model uses many indicators to compare SSgA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SSgA competition to find correlations between indicators driving SSgA's intrinsic value. More Info.SSgA is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for SSgA is roughly 9.77 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SSgA's earnings, one of the primary drivers of an investment's value.SSgA Market Pulse
| Quote | 85.46 |
| Change(%) | 0.73 |
| Change | 0.63 |
| Open | 86.09 |
| Low | 85.09 |
| High | 86.09 |
| Volume | 0 |
| Exchange | NASDAQ |
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as SSgA is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of SSgA has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if SSgA's financials are consistent with your investment objective using the following steps:- Review SSgA's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand SSgA's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare SSgA's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if SSgA's stock is overvalued or undervalued.
SSgA November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SSgA help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SSgA. We use our internally-developed statistical techniques to arrive at the intrinsic value of SSgA based on widely used predictive technical indicators. In general, we focus on analyzing SSgA Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SSgA's daily price indicators and compare them against related drivers.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.44 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of SSgA is measured differently than its book value, which is the value of SSgA that is recorded on the company's balance sheet. Investors also form their own opinion of SSgA's value that differs from its market value or its book value, called intrinsic value, which is 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 SSgA's market value can be influenced by many factors that don't directly affect 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 SSgA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSgA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 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.