SSgA SPDR Beta vs. Three Year Return
| EMSD Etf | 117.50 0.96 0.82% |
For SSgA SPDR profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SSgA SPDR to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SSgA SPDR MSCI utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SSgA SPDR's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SSgA SPDR MSCI over time as well as its relative position and ranking within its peers.
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SSgA SPDR MSCI Three Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SSgA SPDR's current stock value. Our valuation model uses many indicators to compare SSgA SPDR value to that of its competitors to determine the firm's financial worth. SSgA SPDR MSCI is rated # 2 ETF in beta as compared to similar ETFs. It also is rated # 2 ETF in three year return as compared to similar ETFs reporting about 5.05 of Three Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SSgA SPDR's earnings, one of the primary drivers of an investment's value.SSgA Three Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
SSgA SPDR |
| = | 0.97 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
SSgA SPDR |
| = | 4.90 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
SSgA Three Year Return Comparison
SSgA SPDR is one of the top ETFs in three year return as compared to similar ETFs.
Beta Analysis
SSgA SPDR returns are very sensitive to returns on the market. As the market goes up or down, SSgA SPDR is expected to follow.
SSgA SPDR Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SSgA SPDR, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SSgA SPDR will eventually generate negative long term returns. The profitability progress is the general direction of SSgA SPDR's change in net profit over the period of time. It can combine multiple indicators of SSgA SPDR, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
SSgA SPDR is entity of United Kingdom. It is traded as Etf on LSE exchange.
SSgA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SSgA SPDR. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of SSgA SPDR position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the SSgA SPDR's important profitability drivers and their relationship over time.
Use SSgA SPDR in pair-trading
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 SSgA SPDR 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 SSgA SPDR will appreciate offsetting losses from the drop in the long position's value.SSgA SPDR Pair Trading
SSgA SPDR MSCI Pair Trading Analysis
The ability to find closely correlated positions to SSgA SPDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSgA SPDR 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 SSgA SPDR - 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 SSgA SPDR MSCI to buy it.
The correlation of SSgA SPDR 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 SSgA SPDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSgA SPDR MSCI 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 SSgA SPDR 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.Use Investing Themes to Complement your SSgA SPDR position
In addition to having SSgA SPDR in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Long Short Funds Thematic Idea Now
Long Short Funds
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Long Short Funds Theme or any other thematic opportunities.
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Other Information on Investing in SSgA Etf
To fully project SSgA SPDR's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SSgA SPDR MSCI at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include SSgA SPDR's income statement, its balance sheet, and the statement of cash flows.