Spdr Sp China Etf Profile
| GXC Etf | USD 66.30 0.97 1.48% |
Performance4 of 100
| Odds Of DistressLess than 9
|
SPDR SP is trading at 66.30 as of the 23rd of April 2024, a 1.48 percent up since the beginning of the trading day. The etf's open price was 65.33. SPDR SP has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for SPDR SP China are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. SP China is traded on NYSEARCA Exchange in the United States. More on SPDR SP China
Moving together with SPDR Etf
| 0.87 | KWEB | KraneShares CSI China Aggressive Push | PairCorr |
| 0.88 | FXI | iShares China Large Aggressive Push | PairCorr |
| 0.8 | EWT | iShares MSCI Taiwan | PairCorr |
| 0.95 | ASHR | Xtrackers Harvest CSI Sell-off Trend | PairCorr |
| 0.87 | CQQQ | Invesco China Technology | PairCorr |
| 0.96 | CXSE | WisdomTree China | PairCorr |
Moving against SPDR Etf
| 0.71 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.69 | HUM | Humana Inc Earnings Call Tomorrow | PairCorr |
| 0.53 | VXX | iPath Series B | PairCorr |
SPDR Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPDR SP's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR SP or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Frank Nesvet |
| Thematic Ideas | (View all Themes) |
| Old Name | Spdr S&p China Etf |
| Business Concentration | Broad Equity ETFs, Strategy ETFs, China Region, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2007-03-20 |
| Benchmark | S&P China BMI Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 433.53 Million |
| Average Trading Valume | 75,103.7 |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| Market Concentration | Emerging Markets |
| Region | Asia-Pacific |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Michael Feehily, Juan Acevedo, Thomas Coleman |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 28-Feb |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 1,183 |
| Market Maker | Virtu Financial |
| Total Expense | 0.59 |
| Management Fee | 0.59 |
| Country Name | USA |
| Returns Y T D | (4.1) |
| Name | SPDR SP China ETF |
| Currency Code | USD |
| Open Figi | BBG000Q8R7Y1 |
| In Threey Volatility | 28.32 |
| 1y Volatility | 22.96 |
| 200 Day M A | 69.1925 |
| 50 Day M A | 65.5036 |
| Code | GXC |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
SPDR SP China [GXC] is traded in USA and was established 2007-03-19. The fund is classified under China Region category within SPDR State Street Global Advisors family. The entity is thematically classified as Broad Equity ETFs. SPDR SP China currently have 1.12 B in assets under management (AUM). , while the total return for the last 3 years was -18.8%.
Check SPDR SP Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR SP China Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
SPDR SP China Currency Exposure
SPDR SP China holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of SPDR SP will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in SPDR SP China.
Top SPDR SP China Etf Constituents
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| BACHF | Bank of China | Pink Sheet | Banks—Diversified |
| BIDU | Baidu Inc | Stock | Communication Services |
| CICHF | China Construction Bank | Pink Sheet | Banks—Diversified |
| CILJF | China Life Insurance | Pink Sheet | Insurance—Life |
| IDCBF | Industrial and Commercial | Pink Sheet | Banks—Diversified |
| JD | JD Inc Adr | Stock | Consumer Discretionary |
SPDR SP Target Price Odds Analysis
What are SPDR SP's target price odds to finish over the current price? Based on a normal probability distribution, the odds of SPDR SP jumping above the current price in 90 days from now is about 20.83%. The SPDR SP China probability density function shows the probability of SPDR SP etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon SPDR SP has a beta of 0.7545. This usually indicates as returns on the market go up, SPDR SP average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR SP China will be expected to be much smaller as well. Additionally, sPDR SP China has an alpha of 0.0527, implying that it can generate a 0.0527 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPDR SP to move above the current price in 90 days from now is about 20.83 (This SPDR SP China probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR SP Top Holders
| CAPTX | Canterbury Portfolio Thermostat | Mutual Fund | Tactical Allocation |
| FSAMX | Strategic Advisers Emerging | Mutual Fund | Diversified Emerging Mkts |
| GPSTX | Guidepath Growth Allocation | Mutual Fund | World Large-Stock Blend |
| ICCIX | Dynamic International Opportunity | Mutual Fund | Foreign Large Blend |
| ICCNX | Dynamic International Opportunity | Mutual Fund | Foreign Large Blend |
| NAVAX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
| NAVCX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
SPDR SP China Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR SP market risk premium is the additional return an investor will receive from holding SPDR SP long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR SP. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SPDR SP's alpha and beta are two of the key measurements used to evaluate SPDR SP's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.0527 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0241 |
SPDR SP Against Markets
Picking the right benchmark for SPDR SP etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPDR SP etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPDR SP is critical whether you are bullish or bearish towards SPDR SP China at a given time. Please also check how SPDR SP's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
How to buy SPDR Etf?
Before investing in SPDR SP, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR SP. To buy SPDR SP etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR SP. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR SP etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR SP China etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR SP China etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR SP China, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPDR Etf please use our How to Invest in SPDR SP guide.
Already Invested in SPDR SP China?
The danger of trading SPDR SP China is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR SP is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR SP. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR SP China is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR SP China offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR SP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Sp China Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Sp China Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SP China. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of SPDR SP China 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.