Objective longshort Report - Stock Traders Daily
| RWX Etf | USD 24.06 0.03 0.12% |
Slightly above 67% of SPDR Dow's investor base is looking to short. The current sentiment regarding investing in SPDR Dow Jones etf implies that many traders are alarmed. SPDR Dow's investing sentiment can be driven by a variety of factors including economic data, SPDR Dow's earnings reports, geopolitical events, and overall market trends.
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Objective longshort Report Stock Traders Daily
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SPDR Dow Fundamental Analysis
We analyze SPDR Dow'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 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 Dow 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 Dow Jones 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 Dow etf to make a market-neutral strategy. Peer analysis of SPDR Dow could also be used in its relative valuation, which is a method of valuing SPDR Dow by comparing valuation metrics with similar companies.
Peers
SPDR Dow Related Equities
| RWR | SPDR Dow | 0.73 | ||||
| ICF | IShares Cohen | 0.70 | ||||
| RWO | SPDR Dow | 0.38 | ||||
| GWX | SPDR SP | 0.25 | ||||
| IFGL | IShares International | 0.20 |
Check out SPDR Dow Hype Analysis, SPDR Dow Correlation and SPDR Dow Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.