Spdr Bofa Merrill Etf Buy Hold or Sell Recommendation
| XOVR Etf | USD 18.50 0.31 1.70% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding SPDR BOFA MERRILL is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell SPDR BOFA MERRILL given historical horizon and risk tolerance towards SPDR BOFA. When Macroaxis issues a 'buy' or 'sell' recommendation for SPDR BOFA MERRILL, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out SPDR BOFA 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 BOFA MERRILL. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.
SPDR |
Execute SPDR BOFA 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 BOFA MERRILL. Macroaxis does not own or have any residual interests in SPDR BOFA MERRILL or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR BOFA's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
SPDR BOFA Trading Alerts and Improvement Suggestions
| SPDR BOFA MERRILL was previously known as ERShares Entrepreneurs ETF and was traded on NASDAQ Exchange under the symbol ENTR. | |
| Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily | |
| The fund keeps about 95.47% of its net assets in bonds |
SPDR BOFA Returns Distribution Density
The distribution of SPDR BOFA's historical returns is an attempt to chart the uncertainty of SPDR BOFA's future price movements. The chart of the probability distribution of SPDR BOFA daily returns describes the distribution of returns around its average expected value. We use SPDR BOFA MERRILL price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR BOFA returns is essential to provide solid investment advice for SPDR BOFA.
| Mean Return | 0.29 | Value At Risk | -1.98 | Potential Upside | 2.62 | Standard Deviation | 1.32 |
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 BOFA 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 BOFA 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 BOFA 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 BOFA'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 | 0.14 | |
β | Beta against Dow Jones | 1.13 | |
σ | Overall volatility | 1.33 | |
Ir | Information ratio | 0.12 |
SPDR BOFA Volatility Alert
SPDR BOFA MERRILL has relatively low volatility with skewness of -0.19 and kurtosis of 1.35. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR BOFA'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 BOFA'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 BOFA Fundamentals Vs Peers
Comparing SPDR BOFA'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 BOFA's direct or indirect competition across all of the common fundamentals between SPDR BOFA and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR BOFA or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR BOFA's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR BOFA by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR BOFA to competition |
| Fundamentals | SPDR BOFA | Peer Average |
| Annual Yield | 3.82 % | 0.28 % |
| Year To Date Return | 2.02 % | (2.35) % |
| One Year Return | 52.90 % | (0.97) % |
| Three Year Return | 4.40 % | 3.23 % |
| Five Year Return | 11.50 % | 1.12 % |
| Net Asset | 44.8 M | 2.29 B |
| Bond Positions Weight | 95.47 % | 8.16 % |
SPDR BOFA 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 BOFA Buy or Sell Advice
When is the right time to buy or sell SPDR BOFA MERRILL? 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.
Use Investing Ideas to Build Portfolios
In addition to having SPDR BOFA 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?
Run Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 100 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold and Gold Mining Theme or any other thematic opportunities.
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Check out SPDR BOFA 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of SPDR BOFA MERRILL 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 BOFA's value that differs from its market value or its book value, called intrinsic value, which is SPDR BOFA'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 BOFA's market value can be influenced by many factors that don't directly affect SPDR BOFA'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 BOFA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR BOFA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR BOFA'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.