SPDR Galaxy Three Year Return vs. Five Year Return
| HECO Etf | USD 38.12 0.59 1.57% |
For SPDR Galaxy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SPDR Galaxy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SPDR Galaxy Hedged utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SPDR Galaxy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SPDR Galaxy Hedged over time as well as its relative position and ranking within its peers.
SPDR |
The market value of SPDR Galaxy Hedged 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy'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.
SPDR Galaxy Hedged Five Year Return vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Galaxy's current stock value. Our valuation model uses many indicators to compare SPDR Galaxy value to that of its competitors to determine the firm's financial worth. SPDR Galaxy Hedged is one of the top ETFs in three year return as compared to similar ETFs. It also is one of the top ETFs in five year return as compared to similar ETFs reporting about 2.66 of Five Year Return per Three Year Return. 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 SPDR Galaxy's earnings, one of the primary drivers of an investment's value.SPDR Five Year Return vs. Three Year Return
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.
SPDR Galaxy |
| = | 1.38 % |
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.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
SPDR Galaxy |
| = | 3.67 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
SPDR Five Year Return Comparison
SPDR Galaxy is currently under evaluation in five year return as compared to similar ETFs.
SPDR Galaxy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SPDR Galaxy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SPDR Galaxy will eventually generate negative long term returns. The profitability progress is the general direction of SPDR Galaxy's change in net profit over the period of time. It can combine multiple indicators of SPDR Galaxy, 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.
The fund is an actively managed exchange-traded fund and, under normal conditions, will invest at least 80 percent of its net assets , directly or indirectly through mutual funds and ETFs, in the equity and fixed income securities of ecologically-focused companies andor green bonds. Strategy Shs is traded on PCX Exchange in the United States.
SPDR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SPDR Galaxy. 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 SPDR Galaxy 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 SPDR Galaxy's important profitability drivers and their relationship over time.
Use SPDR Galaxy 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 SPDR Galaxy 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 Galaxy will appreciate offsetting losses from the drop in the long position's value.SPDR Galaxy Pair Trading
SPDR Galaxy Hedged Pair Trading Analysis
The ability to find closely correlated positions to SPDR Galaxy 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 Galaxy 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 Galaxy - 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 Galaxy Hedged to buy it.
The correlation of SPDR Galaxy 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 Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Galaxy Hedged 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 Galaxy 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 SPDR Galaxy position
In addition to having SPDR Galaxy 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 Israel Wall Street Thematic Idea Now
Israel Wall Street
Cross-sector collection of best publicly traded Israel entities that are expected to continue growing. The Israel Wall Street theme has 71 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 Israel Wall Street Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Risk vs Return Analysis. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
To fully project SPDR Galaxy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SPDR Galaxy Hedged 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 SPDR Galaxy's income statement, its balance sheet, and the statement of cash flows.