Spdr Sp Insurance Etf Profile

KIE Etf  USD 51.97  0.72  1.40%   

Performance

29 of 100

 
Low
 
High
Strong

Odds Of Distress

Less than 22

 
100  
 
Zero
Low
SPDR SP is trading at 51.97 as of the 28th of March 2024, a 1.40% increase since the beginning of the trading day. The etf's lowest day price was 51.46. SPDR SP has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat strong performance during the last 90 days. Equity ratings for SPDR SP Insurance are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
In seeking to track the performance of the SP Insurance Select Industry Index , the fund employs a sampling strategy. SP Insurance is traded on NYSEARCA Exchange in the United States. The company has 104.24 M outstanding shares. More on SPDR SP Insurance

Moving together with SPDR Etf

  0.97XLF Financial Select SectorPairCorr
  0.97VFH Vanguard Financials IndexPairCorr
  0.97IYF IShares US FinancialsPairCorr
  0.96FNCL Fidelity MSCI FinancialsPairCorr
  0.96IYG IShares US FinancialPairCorr

Moving against SPDR Etf

  0.61KRE SPDR SP Regional Aggressive PushPairCorr
  0.44BND Vanguard Total BondPairCorr

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 SP's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR SP or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PresidentMichael Riley
Thematic Ideas
(View all Themes)
Old NameSPDR S&P Insurance ETF
Business ConcentrationFinancials ETFs, Sector ETFs, Financial, SPDR State Street Global Advisors (View all Sectors)
IssuerSSgA
Inception Date2005-11-08
BenchmarkS&P Insurance Select Industry Index
Entity TypeRegulated Investment Company
Asset Under Management748.03 Million
Average Trading Valume738,295.8
Asset TypeEquity
CategorySector
FocusFinancials
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 ManagerMichael Feehily, Karl Schneider, Raymond Donofrio
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents51.0
Market MakerIMC
Total Expense0.35
Management Fee0.35
Country NameUSA
Returns Y T D13.77
NameSPDR SP Insurance ETF
Currency CodeUSD
Open FigiBBG000KMNWV8
In Threey Volatility17.12
1y Volatility16.45
200 Day M A44.4507
50 Day M A48.8068
CodeKIE
Updated At27th of March 2024
Currency NameUS Dollar
SPDR SP Insurance [KIE] is traded in USA and was established 2005-11-08. The fund is classified under Financial category within SPDR State Street Global Advisors family. The entity is thematically classified as Financials ETFs. SPDR SP Insurance now have 422.58 M in assets. , while the total return for the last 3 years was 13.7%. SPDR SP Insurance has about 249.02 M in cash with (76.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.8419.
Check SPDR SP Probability Of Bankruptcy

Geographic Allocation (%)

Top SPDR SP Insurance Etf Constituents

KMPRKemperStockFinancials
LLoews CorpStockFinancials
CBChubbStockFinancials
ERIEErie IndemnityStockFinancials
CINFCincinnati FinancialStockFinancials
YAlleghanyStockInsurance—Property & Casualty
AGOAssured GuarantyStockFinancials
More Details

SPDR SP Target Price Odds Analysis

What are SPDR SP's target price odds to finish over the current price? Based on a normal probability distribution, the odds of SPDR SP jumping above the current price in 90 days from now is about 1.97%. The SPDR SP Insurance probability density function shows the probability of SPDR SP etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon SPDR SP Insurance has a beta of -0.0146. This indicates as returns on benchmark increase, returns on holding SPDR SP are expected to decrease at a much lower rate. During the bear market, however, SPDR SP Insurance is likely to outperform the market. Additionally, sPDR SP Insurance has an alpha of 0.2148, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 51.97HorizonTargetOdds Above 51.97
97.99%90 days
 51.97 
1.97%
Based on a normal probability distribution, the odds of SPDR SP to move above the current price in 90 days from now is about 1.97 (This SPDR SP Insurance probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .

SPDR SP Top Holders

QAISXQ3 All Weather SectorMutual FundTactical Allocation
CAPTXCanterbury Portfolio ThermostatMutual FundTactical Allocation
LCRLeuthold Core ETFEtfTactical Allocation
More Details

SPDR SP Insurance Risk Profiles

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

SPDR SP Against Markets

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

Run Alpha Finder Now

   

Alpha Finder

Use alpha and beta coefficients to find investment opportunities after accounting for the risk
All  Next Launch Module

How to buy SPDR Etf?

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

Already Invested in SPDR SP Insurance?

The danger of trading SPDR SP Insurance 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 SP 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 SP. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR SP Insurance 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 SP Insurance is a strong investment it is important to analyze SPDR SP'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 SPDR SP's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SP Insurance. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for SPDR Etf analysis

When running SPDR SP's price analysis, check to measure SPDR SP'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 SP is operating at the current time. Most of SPDR SP's value examination focuses on studying past and present price action to predict the probability of SPDR SP'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 SP's price. Additionally, you may evaluate how the addition of SPDR SP to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
The market value of SPDR SP Insurance 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 SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP'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 SP's market value can be influenced by many factors that don't directly affect SPDR SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP'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.