SPDR DoubleLine Valuation

SPDR DoubleLine Shrt Term TR Tact ETF -- USA Etf  

USD 48.76  0.05  0.10%

SPDR DoubleLine Shrt has current Real Value of $48.8 per share. The regular price of the etf is $48.76. At this time the etf appears to be fairly valued. Macroaxis measures value of SPDR DoubleLine Shrt from examining the etf fundamentals such as Number of Employees of 427 and Bond Positions Weight of 92.60% 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.
 Time Horizon     30 Days    Login   to change
SPDR DoubleLine Shrt Term TR Tact ETF is rated below average in one year return as compared to similar ETFs. It is rated below average in bond positions weight as compared to similar ETFs creating about  107.67  of Bond Positions Weight per One Year Return.

Current Market Valuation

SPDR DoubleLine Shrt Valuation Boundaries
Fairly Valued
April 24, 2018
48.76
Market Value
48.80
Real Value
Target Price Odds
 Above  Below  
49.25
Upside
SPDR DoubleLine is not too risky asset. Calculation of real value of SPDR DoubleLine Shrt is based on 2 months time horizon. Increasing SPDR DoubleLine Shrt time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.

Net Asset

SPDR DoubleLine Net Asset Analysis
SPDR DoubleLine Shrt Term TR Tact ETF is rated below average in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Broad Debt category is currently estimated at about 1.18 Billion. SPDR DoubleLine adds roughly 0.0 in net asset claiming only tiny portion of ETFs in Broad Debt category.
Also please take a look at World Market Map. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.