SP 500 Piotroski F Score

SPHQ -  USA Etf  

USD 51.69  0.36  0.70%

This module uses fundamental data of SP 500 to approximate its Piotroski F score. SP 500 F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of SP 500 Quality. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about SP 500 financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at SP 500 Altman Z Score, SP 500 Correlation, Portfolio Optimization, as well as analyze SP 500 Alpha and Beta and SP 500 Hype Analysis.

SP 500 Piotroski F Score 

 
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As of 22nd of October 2021, Net Assets Per Share is likely to drop to 14.78. In addition to that, Accrued Expenses Turnover is likely to drop to 13.12
At this time, it appears that SP 500's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
1.0
Piotroski F Score - Inapplicable
1
Current Return On Assets
Positive
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
N/A
4
Current Quality of Earnings (accrual)
N/A
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
N/A
7
Long Term Debt Over Assets Change
N/A
8
Change In Outstending Shares
N/A
9
Change in Gross Margin
N/A

SP 500 Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to SP 500 is to make sure SP 500 is not a subject of accounting manipulations and runs a healthy internal audit department. So, if SP 500's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if SP 500's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Assets168.1 M207.7 M
Significantly Down
Increasing
Slightly volatile
Total LiabilitiesM1.8 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets1.421.68
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.01810.02
Moderately Down
Increasing
Stable

SP 500 Quality F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between SP 500's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards SP 500 in a much-optimized way.

About SP 500 Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Total Assets

168.06 MillionShare
SP 500 Total Assets are very stable at the moment as compared to the past year. SP 500 reported last year Total Assets of 207.67 Million

About SP 500 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SP 500 Quality's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SP 500 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SP 500 Quality 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 investment seeks to track the investment results of the SP 500 Quality Index. SP 500 is traded on NYSEArca Exchange in the United States.

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Our tools can tell you how much better you can do entering a position in SP 500 without increasing your portfolio risk or giving up 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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Additionally, take a look at SP 500 Altman Z Score, SP 500 Correlation, Portfolio Optimization, as well as analyze SP 500 Alpha and Beta and SP 500 Hype Analysis. Note that the SP 500 Quality information on this page should be used as a complementary analysis to other SP 500'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running SP 500 Quality price analysis, check to measure SP 500'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 SP 500 is operating at the current time. Most of SP 500's value examination focuses on studying past and present price action to predict the probability of SP 500's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SP 500's price. Additionally, you may evaluate how the addition of SP 500 to your portfolios can decrease your overall portfolio volatility.
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The market value of SP 500 Quality is measured differently than its book value, which is the value of SP 500 that is recorded on the company's balance sheet. Investors also form their own opinion of SP 500's value that differs from its market value or its book value, called intrinsic value, which is SP 500'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 SP 500's market value can be influenced by many factors that don't directly affect SP 500 Quality underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SP 500's value and its price as these two are different measures arrived at by different means. Investors typically determine SP 500 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP 500'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.