Spdr Sp Software Etf Market Outlook
| XSW Etf | USD 155.64 0.92 0.59% |
Slightly above 62% of SPDR SP's investor base is looking to short. The current sentiment regarding investing in SPDR SP Software etf implies that many traders are alarmed. SPDR SP's investing sentiment can be driven by a variety of factors including economic data, SPDR SP's earnings reports, geopolitical events, and overall market trends.
Comfort Level 38
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use SPDR SP's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward SPDR SP Software.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding SPDR SP Software is 'Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell SPDR SP Software given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for SPDR SP Software, the advice is generated through an automated system that utilizes algorithms and statistical models.
Execute SPDR SP Advice
The SPDR recommendation should be used to complement the investment advice compiled from the current analysts' consensus on SPDR SP Software. Macroaxis does not own or have any residual interests in SPDR SP Software or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR SP's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Weakest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
For the selected time horizon SPDR SP Software has a Risk Adjusted Performance of (0.15), Jensen Alpha of (0.37), Total Risk Alpha of (0.41) and Treynor Ratio of (0.34)Macroaxis provides recommendation on SPDR SP Software to complement and cross-verify current analyst consensus on SPDR SP Software. Our trade recommendation engine determines the etf's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. Use SPDR SP beta, three year return, as well as the relationship between the Three Year Return and net asset to ensure your buy or sell decision on SPDR SP Software is adequate.
SPDR SP Trading Alerts and Improvement Suggestions
| SPDR SP Software generated a negative expected return over the last 90 days | |
| The fund keeps 99.8% of its net assets in stocks |
SPDR SP Returns Distribution Density
The distribution of SPDR SP's historical returns is an attempt to chart the uncertainty of SPDR SP's future price movements. The chart of the probability distribution of SPDR SP daily returns describes the distribution of returns around its average expected value. We use SPDR SP Software price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR SP returns is essential to provide solid investment analysis for SPDR SP.
| Mean Return | -0.32 | Value At Risk | -2.98 | Potential Upside | 1.93 | Standard Deviation | 1.54 |
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 SP 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 SP 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 SP 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 SP'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 | -0.37 | |
β | Beta against Dow Jones | 0.98 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | -0.24 |
SPDR SP Volatility Alert
SPDR SP Software exhibits very low volatility with skewness of -0.94 and kurtosis of 1.5. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR SP'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 SP'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 SP Fundamentals Vs Peers
Comparing SPDR SP'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 SP's direct or indirect competition across all of the common fundamentals between SPDR SP and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR SP or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR SP's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR SP by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR SP to competition |
| Fundamentals | SPDR SP | Peer Average |
| Price To Earning | 30.82 X | 3.15 X |
| Price To Book | 3.80 X | 0.39 X |
| Price To Sales | 2.40 X | 0.33 X |
| Beta | 1.47 | |
| One Year Return | (7.10) % | (0.97) % |
| Three Year Return | 14.70 % | 3.23 % |
| Five Year Return | 2.40 % | 1.12 % |
| Ten Year Return | 15.10 % | 1.20 % |
| Net Asset | 196.81 M | 2.29 B |
| Last Dividend Paid | 0.024 | 0.14 |
| Equity Positions Weight | 99.80 % | 52.82 % |
SPDR SP 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 SP Buy or Sell Advice
When is the right time to buy or sell SPDR SP Software? 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 SP 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 Long/short ETFs Thematic Idea Now
Long/short ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Long/short ETFs theme has 33 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 Long/short ETFs Theme or any other thematic opportunities.
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Check out SPDR SP 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.
Investors evaluate SPDR SP Software using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating SPDR SP's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. External factors like market trends, sector rotation, and investor psychology can cause SPDR SP's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, SPDR SP's market price signifies the transaction level at which participants voluntarily complete trades.