Spdr Russell 1000 Etf Probability Of Bankruptcy
| ONEY Etf | USD 116.36 1.13 0.98% |
SPDR |
SPDR Russell 1000 ETF probability of bankruptcy Analysis
SPDR Russell's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current SPDR Russell Probability Of Bankruptcy | Less than 9% |
Most of SPDR Russell's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Russell 1000 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of SPDR Russell probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting SPDR Russell odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of SPDR Russell 1000 financial health.
The market value of SPDR Russell 1000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is SPDR Russell'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 Russell's market value can be influenced by many factors that don't directly affect SPDR Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Russell'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, SPDR Russell 1000 has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Mid-Cap Value category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
SPDR Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR Russell's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR Russell could also be used in its relative valuation, which is a method of valuing SPDR Russell by comparing valuation metrics of similar companies.SPDR Russell is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
SPDR Fundamentals
| Price To Earning | 17.32 X | |||
| Price To Book | 2.04 X | |||
| Price To Sales | 1.04 X | |||
| Number Of Employees | 406 | |||
| Beta | 0.95 | |||
| Total Asset | 851.42 M | |||
| One Year Return | 29.40 % | |||
| Three Year Return | 9.00 % | |||
| Five Year Return | 13.10 % | |||
| Net Asset | 851.42 M | |||
| Last Dividend Paid | 0.48 | |||
| Equity Positions Weight | 99.66 % |
About SPDR Russell Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR Russell 1000's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Russell using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Russell 1000 based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SPDR Russell 1000 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Russell's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Russell 1000 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Russell 1000 Etf:Check out SPDR Russell Piotroski F Score and SPDR Russell Altman Z Score 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 SPDR Russell 1000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is SPDR Russell'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 Russell's market value can be influenced by many factors that don't directly affect SPDR Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Russell'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.