Matthew Flaherty - Consumer Staples Assistant Treasurer
| XLP Etf | USD 82.29 0.45 0.55% |
Mr. Matthew Flaherty is Assistant Treasurer of Consumer Staples Select Sector SPDR. He is Assistant Vice President, State Street Bank and Trust Company .
| Tenure | 19 years |
| Professional Marks | Ph.D |
| Issuer | SSgA |
| Inception Date | 1998-12-16 |
| Benchmark | S&P Consumer Staples Select Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 16.27 Billion |
| Average Trading Valume | 9.22 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Consumer Staples |
| Market Concentration | Developed Markets |
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Consumer Staples Select Money Managers
| Ryan Louvar, Secretary | ||
| Ernest Scalberg, Trustee | ||
| Matthew Flaherty, Assistant Treasurer | ||
| Michael Riley, Vice President | ||
| Jacqueline Angell, Chief Compliance Officer | ||
| Chad Hallett, Principal Financial Officer, Treasurer | ||
| Mark Tuttle, Assistant Secretary | ||
| James Ross, President Trustee | ||
| Cheryl Burgermeister, Trustee | ||
| R Tschampion, Trustee | ||
| George Gaspari, Chairman of the Board of Trustees |
Consumer Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Consumer Staples a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 3.66 X | |||
| Price To Book | 4.47 X | |||
| Price To Sales | 1.35 X | |||
| Gross Profit | 326.39 M | |||
| Earnings Per Share | 7.58 X | |||
| Number Of Employees | 13 | |||
| Beta | 0.59 | |||
| Market Capitalization | 15.9 B | |||
| Total Asset | 14.4 B | |||
| One Year Return | 19.90 % |
Pair Trading with Consumer Staples
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Consumer Staples position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Consumer Staples will appreciate offsetting losses from the drop in the long position's value.Moving together with Consumer Etf
| 0.89 | VDC | Vanguard Consumer Staples | PairCorr |
| 0.96 | IYK | iShares Consumer Staples | PairCorr |
| 0.92 | KXI | iShares Global Consumer | PairCorr |
| 0.89 | FSTA | Fidelity MSCI Consumer | PairCorr |
Moving against Consumer Etf
| 0.69 | USD | ProShares Ultra Semi | PairCorr |
| 0.64 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.62 | FBGX | UBS | PairCorr |
| 0.61 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.6 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
The ability to find closely correlated positions to Consumer Staples could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consumer Staples when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Consumer Staples - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Consumer Staples Select to buy it.
The correlation of Consumer Staples is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consumer Staples moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consumer Staples Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Consumer Staples can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Staples Select. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' 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 Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' 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 Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Staples' 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.