Spdr Barclays Long Etf Fundamentals
| SPTL Etf | USD 26.23 0.17 0.64% |
SPDR Barclays Long fundamentals help investors to digest information that contributes to SPDR Barclays' financial success or failures. It also enables traders to predict the movement of SPDR Etf. The fundamental analysis module provides a way to measure SPDR Barclays' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SPDR Barclays etf.
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SPDR Barclays Long ETF Beta Analysis
SPDR Barclays' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SPDR Barclays Beta | 2.06 |
Most of SPDR Barclays' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Barclays Long is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, SPDR Barclays Long has a Beta of 2.06. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Long Government category. The beta for all United States etfs is notably lower than that of the firm.
SPDR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR Barclays' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR Barclays could also be used in its relative valuation, which is a method of valuing SPDR Barclays by comparing valuation metrics of similar companies.SPDR Barclays is currently under evaluation in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR Barclays will likely underperform.
SPDR Fundamentals
| Beta | 2.06 | |||
| Total Asset | 5.19 B | |||
| One Year Return | (10.00) % | |||
| Three Year Return | (10.80) % | |||
| Five Year Return | (3.30) % | |||
| Ten Year Return | 0.40 % | |||
| Net Asset | 5.19 B | |||
| Last Dividend Paid | 0.058 |
About SPDR Barclays Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR Barclays Long's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Barclays using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Barclays Long based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index and in securities that the adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. SPDR Long is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether SPDR Barclays Long is a strong investment it is important to analyze SPDR Barclays' 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 SPDR Barclays' future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR Barclays Piotroski F Score and SPDR Barclays Altman Z Score analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of SPDR Barclays Long 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 Barclays' value that differs from its market value or its book value, called intrinsic value, which is SPDR Barclays' 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 Barclays' market value can be influenced by many factors that don't directly affect SPDR Barclays' 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 Barclays' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Barclays is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Barclays' 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.