|SPY -- USA Etf|| |
USD 279.72 0.28 0.10%
SPDR SP 500
has current Real Value
of $276.92 per share. The regular price of the etf is $279.72. At this time the etf appears to be fairly valued
. Macroaxis measures value of SPDR SP 500
from examining the etf fundamentals
such as Price to Earning
of 18.50times and Market Capitalization of 269B as well as evaluating its technical indicators and Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since at some point future time securities prices and their ongoing real values will draw towards each other.
Taking a dive into the ETF space, let us look at the ticker SPY, which is arguably one of the most notable and it tracks the S&P 500 index. SPDR is the company that created this product and is traded heavily on a daily basis. Evaluating an ETF can be unique because each product warrants different filters.
SPDR SP 500 ETF is rated fourth
largest ETF in price to sales as compared to similar ETFs. It is rated below average
in five year return as compared to similar ETFs reporting about 6.67
of Five Year Return per Price to Sales.
July 20, 2018
SPDR SP is not too risky
asset. Calculation of real value of SPDR SP 500 is based on 1 month time horizon. Increasing SPDR SP 500 time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.