Spdr Nuveen Bloomberg Etf Profile

SHM Etf  USD 47.49  0.02  0.04%   

Performance

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Odds Of Distress

Less than 9

 
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SPDR Nuveen is selling at 47.49 as of the 28th of March 2024; that is -0.04 percent decrease since the beginning of the trading day. The etf's lowest day price was 47.46. SPDR Nuveen has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for SPDR Nuveen Bloomberg are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests substantially all, but at least 80, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. More on SPDR Nuveen Bloomberg

Moving together with SPDR Etf

  0.92SUB IShares Short-TermPairCorr
  0.73DFNM Dimensional ETF TrustPairCorr
  0.67FSMB First Trust ShortPairCorr
  0.74SMB VanEck Short MuniPairCorr

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 Nuveen's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Nuveen or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanFrank Nesvet
Thematic Ideas
(View all Themes)
Old Names[Synstream Energy Corp, Shimano Inc]
Business ConcentrationBroad Municipals ETFs, Municipals ETFs, Muni National Short, SPDR State Street Global Advisors (View all Sectors)
IssuerSSgA
Inception Date2007-10-10
BenchmarkBloomberg Managed Money Municipal Short Term Index
Entity TypeRegulated Investment Company
Asset Under Management3.86 Billion
Average Trading Valume228,529.2
Asset TypeFixed Income
CategoryMunicipals
FocusBroad Municipals
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorSSgA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Portfolio ManagerTimothy T. Ryan, Steven M. Hlavin
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Aug
ExchangeNYSE Arca, Inc.
Number of Constituents749
Market MakerVirtu Financial
Total Expense0.2
Management Fee0.2
Country NameUSA
Returns Y T D(0.32)
NameSPDR Nuveen Bloomberg Short Term Municipal Bond ETF
Currency CodeUSD
Open FigiBBG000TJQLR2
In Threey Volatility3.73
1y Volatility3.81
200 Day M A47.1036
50 Day M A47.6094
CodeSHM
Updated At27th of March 2024
Currency NameUS Dollar
SPDR Nuveen Bloomberg [SHM] is traded in USA and was established 2007-10-10. The fund is classified under Muni National Short category within SPDR State Street Global Advisors family. The entity is thematically classified as Broad Municipals ETFs. SPDR Nuveen Bloomberg at this time have 4.6 B in assets. , while the total return for the last 3 years was -0.4%.
Check SPDR Nuveen Probability Of Bankruptcy

Top SPDR Nuveen Bloomberg Etf Constituents

SAN ANTONIO TEX WTR REV 2.62%0.70999996%
CALIFORNIA ST 4%0.81%
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%1.08%
CHINO BASIN CALIF REGL FING AUTH REV 4%0.75%
NEW JERSEY ST EDL FACS AUTH REV 5%0.74%
NEW YORK ST URBAN DEV CORP REV 5%0.68%
CALIFORNIA ST 5%0.94%
CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%0.75%
ORANGE CNTY CALIF TRANSN AUTH REV 5%1.66%
MASSACHUSETTS ST 1.7%0.75%

SPDR Nuveen Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of SPDR Nuveen jumping above the current price in 90 days from now is about 61.79%. The SPDR Nuveen Bloomberg probability density function shows the probability of SPDR Nuveen etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon SPDR Nuveen has a beta of 0.096. This usually implies as returns on the market go up, SPDR Nuveen average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Nuveen Bloomberg will be expected to be much smaller as well. Additionally, sPDR Nuveen Bloomberg has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 47.49HorizonTargetOdds Above 47.49
33.82%90 days
 47.49 
61.79%
Based on a normal probability distribution, the odds of SPDR Nuveen to move above the current price in 90 days from now is about 61.79 (This SPDR Nuveen Bloomberg probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .

SPDR Nuveen Bloomberg Risk Profiles

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

SPDR Nuveen Against Markets

Picking the right benchmark for SPDR Nuveen 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 Nuveen 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 Nuveen is critical whether you are bullish or bearish towards SPDR Nuveen Bloomberg at a given time. Please also check how SPDR Nuveen'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 Nuveen 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 Nuveen, 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 Nuveen. To buy SPDR Nuveen etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR Nuveen. 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 Nuveen etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SPDR Nuveen Bloomberg 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 Nuveen Bloomberg 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 Nuveen Bloomberg, 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 Nuveen guide.

Already Invested in SPDR Nuveen Bloomberg?

The danger of trading SPDR Nuveen Bloomberg 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 Nuveen 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 Nuveen. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Nuveen Bloomberg 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 Nuveen Bloomberg offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPDR Nuveen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spdr Nuveen Bloomberg Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spdr Nuveen Bloomberg Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Nuveen Bloomberg. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the SPDR Nuveen Bloomberg information on this page should be used as a complementary analysis to other SPDR Nuveen'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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