Spdr Kensho Clean Etf Buy Hold or Sell Recommendation
| CNRG Etf | USD 61.73 1.79 2.99% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding SPDR Kensho Clean is 'Strong Sell'. Macroaxis provides SPDR Kensho buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CNRG positions.
Check out SPDR Kensho Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as SPDR and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards SPDR Kensho Clean. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
SPDR |
Execute SPDR Kensho Buy or Sell Advice
The SPDR recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on SPDR Kensho Clean. Macroaxis does not own or have any residual interests in SPDR Kensho Clean or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR Kensho's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
SPDR Kensho Trading Alerts and Improvement Suggestions
| SPDR Kensho Clean generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Trading Report - Stock Traders Daily | |
| The fund created three year return of -5.0% | |
| SPDR Kensho Clean holds 99.96% of its assets under management (AUM) in equities |
SPDR Kensho Returns Distribution Density
The distribution of SPDR Kensho's historical returns is an attempt to chart the uncertainty of SPDR Kensho's future price movements. The chart of the probability distribution of SPDR Kensho daily returns describes the distribution of returns around its average expected value. We use SPDR Kensho Clean price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR Kensho returns is essential to provide solid investment advice for SPDR Kensho.
| Mean Return | 0.04 | Value At Risk | -3.98 | Potential Upside | 2.89 | Standard Deviation | 2.02 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SPDR Kensho historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SPDR Kensho Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Kensho or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Kensho's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 0.33 | |
σ | Overall volatility | 2.05 | |
Ir | Information ratio | -0.03 |
SPDR Kensho Volatility Alert
SPDR Kensho Clean currently demonstrates below-average downside deviation. It has Information Ratio of -0.03 and Jensen Alpha of 0.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR Kensho's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR Kensho's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SPDR Kensho Fundamentals Vs Peers
Comparing SPDR Kensho's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SPDR Kensho's direct or indirect competition across all of the common fundamentals between SPDR Kensho and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR Kensho or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR Kensho's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR Kensho by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR Kensho to competition |
| Fundamentals | SPDR Kensho | Peer Average |
| Beta | 1.4 | |
| One Year Return | (0.20) % | (0.97) % |
| Three Year Return | (5.20) % | 3.23 % |
| Five Year Return | 6.80 % | 1.12 % |
| Net Asset | 318.07 M | 2.29 B |
| Last Dividend Paid | 0.31 | 0.14 |
| Equity Positions Weight | 99.96 % | 52.82 % |
SPDR Kensho Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About SPDR Kensho Buy or Sell Advice
When is the right time to buy or sell SPDR Kensho Clean? Buying financial instruments such as SPDR Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having SPDR Kensho in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out SPDR Kensho Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of SPDR Kensho Clean 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 Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Kensho is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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.