SP Funds Financials
SPTE Etf | 27.74 0.45 1.65% |
Net Expense Ratio 0.0055 |
SPTE |
The data published in SP Funds' official financial statements typically reflect SP Funds' 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 SP Funds' quantitative information. For example, before you start analyzing numbers published by SPTE accountants, it's essential to understand SP Funds' liquidity, profitability, and earnings quality within the context of the Technology space in which it operates.
Please note, the presentation of SP Funds' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SP Funds' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of SP Funds' management manipulating its earnings.
SP Funds Etf Summary
SP Funds competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. SP Funds is entity of United States. It is traded as Etf on NYSE ARCA exchange.Instrument | USA Etf View All |
Exchange | NYSE ARCA Exchange |
CUSIP | 84612A101 |
Region | Global |
Investment Issuer | SP Funds |
Fund Category | Sector |
Portfolio Concentration | Information Technology |
Benchmark | Dow Jones Industrial |
SP Funds Trust Systematic Risk
SP Funds' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SP Funds 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on SP Funds Trust correlated with the market. If Beta is less than 0 SP Funds generally moves in the opposite direction as compared to the market. If SP Funds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SP Funds Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SP Funds is generally in the same direction as the market. If Beta > 1 SP Funds moves generally in the same direction as, but more than the movement of the benchmark.
About SP Funds Financials
What exactly are SP Funds 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 SP Funds' income statement, its balance sheet, and the statement of cash flows. Potential SP Funds investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SP Funds investors may use each financial statement separately, they are all related. The changes in SP Funds's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SP Funds'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.SP Funds Thematic Clasifications
SP Funds Trust is part of several thematic ideas from Sector ETFs to Information Technology 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 IdeasSP Funds November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SP Funds help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SP Funds Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of SP Funds Trust based on widely used predictive technical indicators. In general, we focus on analyzing SPTE Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SP Funds's daily price indicators and compare them against related drivers.
Downside Deviation | 1.63 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 7.09 | |||
Value At Risk | (2.98) | |||
Potential Upside | 2.12 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of SP Funds Trust is measured differently than its book value, which is the value of SPTE that is recorded on the company's balance sheet. Investors also form their own opinion of SP Funds' value that differs from its market value or its book value, called intrinsic value, which is SP Funds' 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 SP Funds' market value can be influenced by many factors that don't directly affect SP Funds' 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 SP Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Funds' 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.