Ssga Etf Profile
SSgA is trading at 85.46 as of the 18th of March 2024; that is -0.73 percent decrease since the beginning of the trading day. The etf's open price was 86.09. Equity ratings for SSgA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of February 2024 and ending today, the 18th of March 2024. Click here to learn more.
SSgA 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. SSgA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SSgA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President | Michael Riley |
Old Names | [SPDR® S&P 600 Small Cap ETF, SPDR S&P 600 Small Cap ETF] |
Business Concentration | Small Blend, SPDR State Street Global Advisors (View all Sectors) |
Nav Price | 82.97 |
Two Hundred Day Average | 86.11 |
Ytd | -15.96% |
Average Daily Volume In Three Month | 128.74k |
Fifty Two Week Low | 75.12 |
As Of Date | 25th of October 2022 |
Average Daily Volume Last 10 Day | 89.24k |
Fifty Two Week High | 101.67 |
One Month | 7.77% |
Fifty Day Average | 81.61 |
Three Month | -2.09% |
Beta In Three Year | 1.1 |
SSgA [SLY] is traded in USA and was established 2005-11-08. The fund is classified under Small Blend category within SPDR State Street Global Advisors family. SSgA at this time have 1.51 B in assets. , while the total return for the last 3 years was 7.9%.
Check SSgA Probability Of Bankruptcy
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 SSgA Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SSgA 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 SSgA 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.
Top SSgA Etf Constituents
EXPO | Exponent | Stock | Industrials |
LGND | Ligand Pharmaceuticals Incorporated | Stock | Health Care |
PDCE | PDC Energy | Stock | Energy |
NGVT | Ingevity Corp | Stock | Materials |
EGP | EastGroup Properties | Stock | Real Estate |
SMTC | Semtech | Stock | Information Technology |
BLKB | Blackbaud | Stock | Information Technology |
SSgA Target Price Odds Analysis
Based on a normal probability distribution, the odds of SSgA jumping above the current price in 90 days from now is about 1.63%. The SSgA probability density function shows the probability of SSgA etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon SSgA has a beta of 0.1062. This usually implies as returns on the market go up, SSgA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SSgA will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. SSgA is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of SSgA to move above the current price in 90 days from now is about 1.63 (This SSgA probability density function shows the probability of SSgA Etf to fall within a particular range of prices over 90 days) .
SSgA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SSgA market risk premium is the additional return an investor will receive from holding SSgA 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 SSgA. 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 SSgA's alpha and beta are two of the key measurements used to evaluate SSgA's performance over the market, the standard measures of volatility play an important role as well.
SSgA Against Markets
Picking the right benchmark for SSgA 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 SSgA 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 SSgA is critical whether you are bullish or bearish towards SSgA at a given time. Please also check how SSgA's historical prices are related to one of the top price index indicators.
SSgA Related Equities
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 SSgA etf to make a market-neutral strategy. Peer analysis of SSgA could also be used in its relative valuation, which is a method of valuing SSgA by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
How to buy SSgA Etf?
Before investing in SSgA, 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 SSgA. To buy SSgA etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SSgA. 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 SSgA etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SSgA 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 SSgA 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 SSgA, 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.
Already Invested in SSgA?
The danger of trading SSgA 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 SSgA 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 SSgA. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SSgA 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 SSgA is a strong investment it is important to analyze SSgA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SSgA's future performance. For an informed investment choice regarding SSgA Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for SSgA Etf analysis
When running SSgA's price analysis, check to measure SSgA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SSgA is operating at the current time. Most of SSgA's value examination focuses on studying past and present price action to predict the probability of SSgA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSgA's price. Additionally, you may evaluate how the addition of SSgA to your portfolios can decrease your overall portfolio volatility.
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The market value of SSgA is measured differently than its book value, which is the value of SSgA that is recorded on the company's balance sheet. Investors also form their own opinion of SSgA's value that differs from its market value or its book value, called intrinsic value, which is SSgA'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 SSgA's market value can be influenced by many factors that don't directly affect SSgA'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 SSgA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSgA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSgA'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.