Ssga Active Trust Etf Price on October 25, 2024
| HYBL Etf | USD 28.64 0.03 0.10% |
If you're considering investing in SSGA Etf, it is important to understand the factors that can impact its price. As of today, the current price of SSGA Active stands at 28.64, as last reported on the 27th of November, with the highest price reaching 28.66 and the lowest price hitting 28.62 during the day. As of now, SSGA Etf is out of control. SSGA Active Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the etf had a 0.33% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SSGA Active Trust, which you can use to evaluate the volatility of the etf. Please validate SSGA Active's risk adjusted performance of 0.1932, and Standard Deviation of 0.1219 to confirm if the risk estimate we provide is consistent with the expected return of 0.0399%.
SSGA Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SSGA |
Sharpe Ratio = 0.3276
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| Negative Returns | HYBL |
Estimated Market Risk
| 0.12 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 25 75% of assets perform better |
Based on monthly moving average SSGA Active is performing at about 25% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SSGA Active by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
SSGA Active Valuation on October 25, 2024
It is possible to determine the worth of SSGA Active on a given historical date. On October 25, 2024 SSGA was worth 28.39 at the beginning of the trading date compared to the closed value of 28.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SSGA Active etf. Still, in general, we apply an absolute valuation method to find SSGA Active's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SSGA Active where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SSGA Active's related companies.
| Open | High | Low | Close | Volume | |
| 28.37 | 28.40 | 28.34 | 28.39 | 75,500 | |
10/25/2024 | 28.39 | 28.41 | 28.36 | 28.36 | 57,700 |
| 28.42 | 28.43 | 28.38 | 28.41 | 90,000 |
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SSGA Active Trading Date Momentum on October 25, 2024
| On October 28 2024 SSGA Active Trust was traded for 28.41 at the closing time. The top price for the day was 28.43 and the lowest listed price was 28.38 . The trading volume for the day was 90 K. The trading history from October 28, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 0.18% . The trading price change against the current closing price is 0.04% . |
SSGA Active Trust Fundamentals Correlations and Trends
By evaluating SSGA Active's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SSGA Active's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SSGA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SSGA Active Etf history
SSGA Active investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SSGA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SSGA Active Trust will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SSGA Active stock prices may prove useful in developing a viable investing in SSGA Active
SSGA Active Etf Technical Analysis
SSGA Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
SSGA Active Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
SSGA Active Trust cannot be verified against its exchange. Please verify the symbol is currently traded on BATS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SSGA Active November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how SSGA Active etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SSGA Active shares will generate the highest return on investment. By undertsting and applying SSGA Active etf market strength indicators, traders can identify SSGA Active Trust entry and exit signals to maximize returns
SSGA Active Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SSGA Active's price direction in advance. Along with the technical and fundamental analysis of SSGA Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SSGA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1932 | |||
| Jensen Alpha | 0.0196 | |||
| Total Risk Alpha | 0.01 | |||
| Sortino Ratio | (0.83) | |||
| Treynor Ratio | 0.365 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SSGA Active 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 bureau of labor statistics. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of SSGA Active Trust is measured differently than its book value, which is the value of SSGA that is recorded on the company's balance sheet. Investors also form their own opinion of SSGA Active's value that differs from its market value or its book value, called intrinsic value, which is SSGA Active'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 SSGA Active's market value can be influenced by many factors that don't directly affect SSGA Active'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 SSGA Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSGA Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSGA Active'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.