Rally Achieves Market Capitalization of 34.45 Million
| RLY Etf | USD 28.71 0.04 0.14% |
Slightly above 62% of SPDR SSgA's investor base is looking to short. The current sentiment regarding investing in SPDR SSgA Multi Asset etf implies that many traders are alarmed. SPDR SSgA's investing sentiment can be driven by a variety of factors including economic data, SPDR SSgA's earnings reports, geopolitical events, and overall market trends.
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Rally traded down 0.1 percent against the US dollar during the 24 hour period ending at 1200 PM E.T. on July 19th. During the last week, Rally has traded 0.8 percent lower against the US dollar. One Rally token can now be purchased for approximately 0.0069 or 0.00000023 BTC on exchanges. Rally has a market capitalization
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SPDR SSgA Fundamental Analysis
We analyze SPDR SSgA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR SSgA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR SSgA 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
SPDR SSgA is currently under evaluation in probability of bankruptcy as compared to similar ETFs. 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.
SPDR SSgA Multi Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SPDR SSgA etf to make a market-neutral strategy. Peer analysis of SPDR SSgA could also be used in its relative valuation, which is a method of valuing SPDR SSgA by comparing valuation metrics with similar companies.
Peers
SPDR SSgA Related Equities
| IUSB | IShares Core | 0.86 | ||||
| AOK | IShares Core | 0.58 | ||||
| AOR | IShares Core | 0.46 | ||||
| AOM | IShares Core | 0.45 | ||||
| ESGU | IShares ESG | 0.40 |
Check out SPDR SSgA Hype Analysis, SPDR SSgA Correlation and SPDR SSgA Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of SPDR SSgA Multi 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 SSgA's value that differs from its market value or its book value, called intrinsic value, which is SPDR SSgA'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 SSgA's market value can be influenced by many factors that don't directly affect SPDR SSgA'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 SSgA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SSgA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SSgA'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.