Ssga Active Trust Etf Profile
| HYBL Etf | USD 28.06 0.11 0.39% |
Performance10 of 100
| Odds Of DistressLess than 9
|
SSGA Active is selling for 28.06 as of the 26th of April 2024. This is a -0.39 percent decrease since the beginning of the trading day. The etf's lowest day price was 28.03. SSGA Active has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for SSGA Active Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of March 2024 and ending today, the 26th of April 2024. Click here to learn more.
Under normal circumstances, the Sub-Adviser will invest the funds assets primarily in U.S. dollar denominated high yield debt securities. SPDR Series is traded on BATS Exchange in the United States. More on SSGA Active Trust
Moving together with SSGA Etf
| 0.65 | SHYG | iShares 0 5 | PairCorr |
| 0.64 | SJNK | SPDR Bloomberg Short Sell-off Trend | PairCorr |
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 Active's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SSGA Active or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | High Yield Bond, SPDR State Street Global Advisors (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 1.76 |
| Name | SSGA Active Trust - SPDR Blackstone High Income ETF |
| Currency Code | USD |
| 1y Volatility | 4.49 |
| 200 Day M A | 27.7956 |
| 50 Day M A | 28.0967 |
| Code | HYBL |
| Updated At | 25th of April 2024 |
| Currency Name | US Dollar |
| Type | ETF |
SSGA Active Trust [HYBL] is traded in USA and was established 2022-02-16. The fund is listed under High Yield Bond category and is part of SPDR State Street Global Advisors family. SSGA Active Trust currently have 115.05 M in assets under management (AUM). , while the total return for the last year was 9.6%.
Check SSGA Active Probability Of Bankruptcy
SSGA Active Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of SSGA Active jumping above the current price in 90 days from now is about 15.87%. The SSGA Active Trust probability density function shows the probability of SSGA Active etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SSGA Active has a beta of 0.1895. This usually indicates as returns on the market go up, SSGA Active average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SSGA Active Trust will be expected to be much smaller as well. Additionally, sSGA Active Trust has an alpha of 0.0016, implying that it can generate a 0.001553 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SSGA Active to move above the current price in 90 days from now is about 15.87 (This SSGA Active Trust probability density function shows the probability of SSGA Etf to fall within a particular range of prices over 90 days) .
SSGA Active Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SSGA Active market risk premium is the additional return an investor will receive from holding SSGA Active 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 Active. 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 Active's alpha and beta are two of the key measurements used to evaluate SSGA Active's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.0016 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.30) |
SSGA Active Against Markets
Picking the right benchmark for SSGA Active 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 Active 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 Active is critical whether you are bullish or bearish towards SSGA Active Trust at a given time. Please also check how SSGA Active'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 SSGA Active 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?
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How to buy SSGA Etf?
Before investing in SSGA Active, 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 Active. To buy SSGA Active etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SSGA Active. 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 Active etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SSGA Active Trust 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 Active Trust 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 Active Trust, 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 SSGA Etf please use our How to Invest in SSGA Active guide.
Already Invested in SSGA Active Trust?
The danger of trading SSGA Active Trust 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 Active 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 Active. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SSGA Active Trust 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 Active Trust is a strong investment it is important to analyze SSGA Active'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 Active's future performance. For an informed investment choice regarding SSGA Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SSGA Active Trust. 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 labor statistics. Note that the SSGA Active Trust information on this page should be used as a complementary analysis to other SSGA Active's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of SSGA Active Trust 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 Active's value that differs from its market value or its book value, called intrinsic value, which is SSGA Active'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 Active's market value can be influenced by many factors that don't directly affect SSGA Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSGA Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSGA Active'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.