Spdr Doubleline Short Etf Profile

STOT Etf  USD 46.58  0.11  0.24%   


17 of 100


Odds Of Distress

Less than 1

Very Small
SPDR DoubleLine is selling for under 46.58 as of the 4th of December 2023; that is 0.24 percent up since the beginning of the trading day. The etf's last reported lowest price was 46.52. SPDR DoubleLine has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for SPDR DoubleLine Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of December 2021 and ending today, the 4th of December 2023. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its net assets in a diversified portfolio of fixed income securities of any credit quality. SPDR Doubleline is traded on BATS Exchange in the United States. More on SPDR DoubleLine Short

Moving together with SPDR Etf

+0.78BSVVanguard Short-Term BondPairCorr
+0.75IGSBIShares 1-5 YearPairCorr
+0.81SPSBSPDR Barclays ShortPairCorr
+0.76ISTBIShares Core 1-5PairCorr
+0.78SLQDIShares 0-5 YearPairCorr
+0.62GVIIShares IntermediatePairCorr

SPDR 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. SPDR DoubleLine's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR DoubleLine or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationBroad Debt ETFs, Investment Grade ETFs (View all Sectors)
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of SPDR DoubleLine's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Inception Date2016-04-13
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management151.39 Million
Average Trading Valume25,441.5
Asset TypeFixed Income
CategoryBroad Debt
FocusInvestment Grade
Market ConcentrationBlended Development
AdministratorSSgA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Portfolio ManagerJeffrey E. Gundlach, Philip A. Barach, Jeffrey J. Sherman
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Aug
ExchangeCboe BZX Exchange, Inc.
Number of Constituents324
Market MakerJane Street
Total Expense0.45
Management Fee0.45
Country NameUSA
Returns Y T D5.28
NameSPDR DoubleLine Short Duration Total Return Tactical ETF
Currency CodeUSD
Open FigiBBG00CNVKF12
In Threey Volatility1.99
1y Volatility1.45
200 Day M A46.4076
50 Day M A46.4295
Updated At2nd of December 2023
Currency NameUS Dollar
SPDR DoubleLine Short [STOT] is traded in USA and was established 2016-04-13. The fund is listed under Short-Term Bond category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as Broad Debt ETFs. SPDR DoubleLine Short at this time have 129.04 M in assets. , while the total return for the last 3 years was 0.5%.
Check SPDR DoubleLine Probability Of Bankruptcy

Geographic Allocation (%)

SPDR DoubleLine Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of SPDR DoubleLine jumping above the current price in 90 days from now is about 1.15%. The SPDR DoubleLine Short probability density function shows the probability of SPDR DoubleLine etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPDR DoubleLine Short has a beta of -0.0197. This usually implies as returns on benchmark increase, returns on holding SPDR DoubleLine are expected to decrease at a much lower rate. During the bear market, however, SPDR DoubleLine Short is likely to outperform the market. Additionally, the company has an alpha of 0.0174, implying that it can generate a 0.0174 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 46.58HorizonTargetOdds Above 46.58
98.68%90 days
Based on a normal probability distribution, the odds of SPDR DoubleLine to move above the current price in 90 days from now is about 1.15 (This SPDR DoubleLine Short probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .

SPDR DoubleLine Short Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR DoubleLine market risk premium is the additional return an investor will receive from holding SPDR DoubleLine 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 SPDR DoubleLine. 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 SPDR DoubleLine's alpha and beta are two of the key measurements used to evaluate SPDR DoubleLine's performance over the market, the standard measures of volatility play an important role as well.

SPDR DoubleLine Short Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. SPDR DoubleLine Short Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe SPDR DoubleLine price patterns.

SPDR DoubleLine Against Markets

Picking the right benchmark for SPDR DoubleLine 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 SPDR DoubleLine 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 SPDR DoubleLine is critical whether you are bullish or bearish towards SPDR DoubleLine Short at a given time. Please also check how SPDR DoubleLine'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 SPDR DoubleLine 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.

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How to buy SPDR Etf?

Before investing in SPDR DoubleLine, 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 SPDR DoubleLine. To buy SPDR DoubleLine etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR DoubleLine. 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 SPDR DoubleLine etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SPDR DoubleLine Short 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 SPDR DoubleLine Short 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 SPDR DoubleLine Short, 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 SPDR Etf please use our How to Invest in SPDR DoubleLine guide.

Already Invested in SPDR DoubleLine Short?

The danger of trading SPDR DoubleLine Short 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 SPDR DoubleLine 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 SPDR DoubleLine. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR DoubleLine Short 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 SPDR DoubleLine Short is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPDR Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spdr Doubleline Short Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Doubleline Short Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR DoubleLine Short. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running SPDR DoubleLine's price analysis, check to measure SPDR DoubleLine'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 SPDR DoubleLine is operating at the current time. Most of SPDR DoubleLine's value examination focuses on studying past and present price action to predict the probability of SPDR DoubleLine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPDR DoubleLine's price. Additionally, you may evaluate how the addition of SPDR DoubleLine to your portfolios can decrease your overall portfolio volatility.
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Earnings Calls
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The market value of SPDR DoubleLine Short 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 DoubleLine's value that differs from its market value or its book value, called intrinsic value, which is SPDR DoubleLine'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 SPDR DoubleLine's market value can be influenced by many factors that don't directly affect SPDR DoubleLine'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 SPDR DoubleLine's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR DoubleLine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR DoubleLine'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.