Spdr Bofa Merrill Etf Bond Positions Weight
| XOVR Etf | USD 18.19 0.24 1.34% |
SPDR BOFA MERRILL fundamentals help investors to digest information that contributes to SPDR BOFA'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 BOFA'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 BOFA etf.
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SPDR BOFA MERRILL ETF Bond Positions Weight Analysis
SPDR BOFA's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Current SPDR BOFA Bond Positions Weight | 95.47 % |
Most of SPDR BOFA's fundamental indicators, such as Bond Positions Weight, 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 BOFA MERRILL is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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In accordance with the recently published financial statements, SPDR BOFA MERRILL has a Bond Positions Weight of 95%. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Large Growth category. The bond positions weight for all United States etfs is notably lower than that of the firm.
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Fund Asset Allocation for SPDR BOFA
The fund consists of 95.47% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides SPDR BOFA'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
| Annual Yield | 3.82 % | |||
| Year To Date Return | 2.02 % | |||
| One Year Return | 47.40 % | |||
| Three Year Return | 2.20 % | |||
| Five Year Return | 10.80 % | |||
| Net Asset | 44.8 M | |||
| Bond Positions Weight | 95.47 % |
About SPDR BOFA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR BOFA MERRILL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR BOFA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR BOFA MERRILL 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 BOFA
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 BOFA 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 BOFA will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.98 | VUG | Vanguard Growth Index | PairCorr |
| 0.98 | IWF | iShares Russell 1000 | PairCorr |
| 0.97 | IVW | iShares SP 500 | PairCorr |
| 0.97 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.97 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to SPDR BOFA 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 BOFA 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 BOFA - 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 BOFA MERRILL to buy it.
The correlation of SPDR BOFA 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 BOFA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR BOFA MERRILL 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 BOFA 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 BOFA Piotroski F Score and SPDR BOFA Altman Z Score analysis. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of SPDR BOFA MERRILL 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 BOFA's value that differs from its market value or its book value, called intrinsic value, which is SPDR BOFA'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 BOFA's market value can be influenced by many factors that don't directly affect SPDR BOFA'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 BOFA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR BOFA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR BOFA'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.