Spdr Doubleline Short Etf Profile
| STOT Etf | USD 46.66 0.11 0.24% |
Performance12 of 100
| Odds Of DistressLess than 9
|
SPDR DoubleLine is selling for under 46.66 as of the 18th of April 2024; that is -0.24 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 46.63. SPDR DoubleLine has less than a 9 % chance of experiencing financial distress in the next few years and had a good 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 19th of March 2024 and ending today, the 18th of April 2024. 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
| 0.61 | IGSB | iShares 1 5 Sell-off Trend | PairCorr |
| 0.85 | SPSB | SPDR Barclays Short Sell-off Trend | PairCorr |
| 0.74 | SLQD | iShares 0 5 | PairCorr |
| 0.82 | LDUR | PIMCO Enhanced Low | PairCorr |
Moving against SPDR Etf
| 0.68 | MCD | McDonalds Earnings Call This Week | PairCorr |
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 Concentration | Investment Grade ETFs, Broad Debt ETFs, Short-Term Bond, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2016-04-13 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 170.26 Million |
| Average Trading Valume | 15,867.7 |
| Asset Type | Fixed Income |
| Category | Broad Debt |
| Focus | Investment Grade |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Jeffrey E. Gundlach, Philip A. Barach, Jeffrey J. Sherman |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 368 |
| Market Maker | Jane Street |
| Total Expense | 0.45 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | 1.05 |
| Name | SPDR DoubleLine Short Duration Total Return Tactical ETF |
| Currency Code | USD |
| Open Figi | BBG00CNVKF12 |
| In Threey Volatility | 2.12 |
| 1y Volatility | 1.14 |
| 200 Day M A | 46.6211 |
| 50 Day M A | 46.8682 |
| Code | STOT |
| Updated At | 18th of April 2024 |
| Currency Name | US 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 Investment Grade ETFs. SPDR DoubleLine Short at this time have 129.04 M in assets. , while the total return for the last 3 years was 1.2%.
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 34.46%. 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 has a beta of 0.05. This usually implies as returns on the market go up, SPDR DoubleLine average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR DoubleLine Short will be expected to be much smaller as well. Additionally, sPDR DoubleLine Short has an alpha of 8.0E-4, implying that it can generate a 7.75E-4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPDR DoubleLine to move above the current price in 90 days from now is about 34.46 (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.
| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.45) |
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.Did you try this?
Run Stocks Directory Now
Stocks DirectoryFind actively traded stocks across global markets |
| All Next | Launch Module |
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 Sharpe 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 persons. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.