Spdr Dow Jones Etf Return On Asset
| RWR Etf | USD 107.53 1.41 1.33% |
SPDR Dow Jones fundamentals help investors to digest information that contributes to SPDR Dow's financial success or failures. It also enables traders to predict the movement of SPDR Etf. The fundamental analysis module provides a way to measure SPDR Dow's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SPDR Dow etf.
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SPDR Dow Jones ETF Return On Asset Analysis
SPDR Dow's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current SPDR Dow Return On Asset | 1.4 |
Most of SPDR Dow's fundamental indicators, such as Return On Asset, 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 Dow Jones is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, SPDR Dow Jones has a Return On Asset of 1.4. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Real Estate category. The return on asset for all United States etfs is notably lower than that of the firm.
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Fund Asset Allocation for SPDR Dow
The fund consists of 98.93% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides SPDR Dow's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
SPDR Fundamentals
| Return On Equity | -17.54 | |||
| Return On Asset | 1.4 | |||
| Operating Margin | 92.05 % | |||
| Current Valuation | 1.76 B | |||
| Shares Outstanding | 25.98 M | |||
| Shares Owned By Insiders | 0.12 % | |||
| Shares Owned By Institutions | 63.59 % | |||
| Price To Earning | 2.69 X | |||
| Price To Book | 2.45 X | |||
| Price To Sales | 62.93 X | |||
| Revenue | 48.79 M | |||
| Gross Profit | 63.77 M | |||
| Net Income | (345 M) | |||
| Cash And Equivalents | 2.45 M | |||
| Cash Per Share | 0.15 X | |||
| Total Debt | 17.11 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 1.36 X | |||
| Earnings Per Share | 5.87 X | |||
| Number Of Employees | 17 | |||
| Beta | 1.16 | |||
| Market Capitalization | 2.37 B | |||
| Total Asset | 1.46 B | |||
| One Year Return | 28.30 % | |||
| Three Year Return | 0.50 % | |||
| Five Year Return | 4.40 % | |||
| Ten Year Return | 5.50 % | |||
| Net Asset | 1.46 B | |||
| Last Dividend Paid | 0.71 | |||
| Equity Positions Weight | 98.93 % |
About SPDR Dow Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR Dow Jones's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Dow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Dow Jones 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.
Pair Trading with SPDR Dow
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 SPDR Dow 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 SPDR Dow will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
Moving against SPDR Etf
The ability to find closely correlated positions to SPDR Dow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Dow 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 SPDR Dow - 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 SPDR Dow Jones to buy it.
The correlation of SPDR Dow 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 SPDR Dow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Dow Jones 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 SPDR Dow 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 SPDR Dow Piotroski F Score and SPDR Dow Altman Z Score analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of SPDR Dow Jones 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 Dow's value that differs from its market value or its book value, called intrinsic value, which is SPDR Dow'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 Dow's market value can be influenced by many factors that don't directly affect SPDR Dow'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 Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Dow'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.