Spdr Doubleline Short Etf Buy Hold or Sell Recommendation
| STOT Etf | USD 47.44 0.02 0.04% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding SPDR DoubleLine Short is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell SPDR DoubleLine Short given historical horizon and risk tolerance towards SPDR DoubleLine. When Macroaxis issues a 'buy' or 'sell' recommendation for SPDR DoubleLine Short, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out SPDR DoubleLine Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as SPDR and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards SPDR DoubleLine Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.
SPDR |
Execute SPDR DoubleLine Buy or Sell Advice
The SPDR recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on SPDR DoubleLine Short. Macroaxis does not own or have any residual interests in SPDR DoubleLine Short or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR DoubleLine's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Strong | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
SPDR DoubleLine Trading Alerts and Improvement Suggestions
| SPDR is showing solid risk-adjusted performance over 90 days | |
| Latest headline from news.google.com: ProShares Decline of the Retail Store ETF Trading Down 0.9 percent - Defense World | |
| The fund maintains about 9.68% of its assets in bonds |
SPDR DoubleLine Returns Distribution Density
The distribution of SPDR DoubleLine's historical returns is an attempt to chart the uncertainty of SPDR DoubleLine's future price movements. The chart of the probability distribution of SPDR DoubleLine daily returns describes the distribution of returns around its average expected value. We use SPDR DoubleLine Short price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR DoubleLine returns is essential to provide solid investment advice for SPDR DoubleLine.
| Mean Return | 0.04 | Value At Risk | -0.11 | Potential Upside | 0.21 | Standard Deviation | 0.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SPDR DoubleLine historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SPDR DoubleLine Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR DoubleLine or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR DoubleLine's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.42 |
SPDR DoubleLine Volatility Alert
SPDR DoubleLine Short exhibits very low volatility with skewness of 0.01 and kurtosis of 0.81. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR DoubleLine's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR DoubleLine's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SPDR DoubleLine Fundamentals Vs Peers
Comparing SPDR DoubleLine's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SPDR DoubleLine's direct or indirect competition across all of the common fundamentals between SPDR DoubleLine and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR DoubleLine or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR DoubleLine's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR DoubleLine by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR DoubleLine to competition |
| Fundamentals | SPDR DoubleLine | Peer Average |
| Beta | 0.22 | |
| One Year Return | 7.30 % | (0.97) % |
| Three Year Return | 2.20 % | 3.23 % |
| Five Year Return | 2.00 % | 1.12 % |
| Net Asset | 129.04 M | 2.29 B |
| Last Dividend Paid | 0.0639 | 0.14 |
| Bond Positions Weight | 9.68 % | 8.16 % |
SPDR DoubleLine Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About SPDR DoubleLine Buy or Sell Advice
When is the right time to buy or sell SPDR DoubleLine Short? Buying financial instruments such as SPDR Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having SPDR DoubleLine in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in SPDR Etf
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 SPDR DoubleLine Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.