Spdr Sp Insurance Etf Performance
| KIE Etf | USD 57.82 0.46 0.79% |
The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPDR SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR SP is expected to be smaller as well.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR SP Insurance are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound forward indicators, SPDR SP is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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| In Threey Sharp Ratio | 0.57 |
SPDR |
SPDR SP Relative Risk vs. Return Landscape
If you would invest 5,538 in SPDR SP Insurance on November 3, 2024 and sell it today you would earn a total of 244.00 from holding SPDR SP Insurance or generate 4.41% return on investment over 90 days. SPDR SP Insurance is generating 0.0773% of daily returns assuming volatility of 1.1585% on return distribution over 90 days investment horizon. In other words, 10% of etfs are less volatile than SPDR, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
SPDR SP Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SP's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SP Insurance, and traders can use it to determine the average amount a SPDR SP's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0667
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Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average SPDR SP is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SPDR SP by adding it to a well-diversified portfolio.
SPDR SP Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR SP, and SPDR SP fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Etf performance.
| Return On Equity | -44.23 | |||
| Return On Asset | -9.08 | |||
| Shares Outstanding | 104.24 M | |||
| Price To Earning | 13.45 X | |||
| Price To Book | 1.16 X | |||
| Price To Sales | 1.17 X | |||
| Revenue | 3.26 B | |||
| EBITDA | (323.86 M) | |||
| Cash And Equivalents | 249.02 M | |||
| Cash Per Share | (0.84) X | |||
| Debt To Equity | 0.75 % | |||
| Cash Flow From Operations | (76.39 M) | |||
| Earnings Per Share | (1.87) X | |||
| Total Asset | 422.58 M | |||
| Current Asset | 1.18 B | |||
| Current Liabilities | 1.2 B | |||
About SPDR SP Performance
By analyzing SPDR SP's fundamental ratios, stakeholders can gain valuable insights into SPDR SP's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SPDR SP has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if SPDR SP has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
In seeking to track the performance of the SP Insurance Select Industry Index , the fund employs a sampling strategy. SP Insurance is traded on NYSEARCA Exchange in the United States.| The company reported the last year's revenue of 3.26 B. Reported Net Loss for the year was (247.38 M). | |
| SPDR SP Insurance has about 249.02 M in cash with (76.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.8419. | |
| Roughly 70.0% of the company shares are owned by institutional investors | |
| The fund maintains 99.7% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SP Insurance. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of SPDR SP Insurance 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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.