Technology Select Financials
| XLK Etf | USD 234.11 3.61 1.57% |
Net Expense Ratio 0.0009 | 3 y Sharp Ratio 0.39 |
Technology |
The data published in Technology Select's official financial statements typically reflect Technology Select'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 Technology Select's quantitative information. For example, before you start analyzing numbers published by Technology accountants, it's essential to understand Technology Select's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
Technology Select Etf Summary
Technology Select competes with Vanguard Information, FT Vest, Zillow Group, and Northern Lights. In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US81369Y8030 |
| CUSIP | 81369Y803 |
| Region | North America |
| Investment Issuer | SSgA |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Sector |
| Portfolio Concentration | Information Technology |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Technology Select Key Financial Ratios
Technology Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Technology Select's current stock value. Our valuation model uses many indicators to compare Technology Select value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Technology Select competition to find correlations between indicators driving Technology Select's intrinsic value. More Info.Technology Select Sector is rated fourth in price to earning as compared to similar ETFs. It is rated fourth in price to book as compared to similar ETFs fabricating about 1.65 of Price To Book per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Technology Select 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.Technology Select Sector Systematic Risk
Technology Select's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Technology Select 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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Technology Select Sector correlated with the market. If Beta is less than 0 Technology Select generally moves in the opposite direction as compared to the market. If Technology Select Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Technology Select Sector is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Technology Select is generally in the same direction as the market. If Beta > 1 Technology Select moves generally in the same direction as, but more than the movement of the benchmark.
Technology Select Thematic Clasifications
Technology Select Sector is part of several thematic ideas from Disruptive Technologies 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 Ideas| Disruptive Technologies | View | ||
| Information Technology ETFs | View | ||
| Dividend Beast | View | ||
| Sector ETFs | View | ||
| Artificial Intelligence | View |
Technology Select January 18, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Technology Select help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Technology Select Sector. We use our internally-developed statistical techniques to arrive at the intrinsic value of Technology Select Sector based on widely used predictive technical indicators. In general, we focus on analyzing Technology Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Technology Select's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.74 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.