SPDR SP Net Asset vs. Ten Year Return

KIE Etf  USD 52.07  0.10  0.19%   
Considering SPDR SP's profitability and operating efficiency indicators, SPDR SP Insurance may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess SPDR SP's ability to earn profits and add value for shareholders.
For SPDR SP profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SPDR SP to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SPDR SP Insurance utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SPDR SP's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SPDR SP Insurance over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
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.

SPDR SP Insurance Ten Year Return vs. Net Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining SPDR SP's current stock value. Our valuation model uses many indicators to compare SPDR SP value to that of its competitors to determine the firm's financial worth.
SPDR SP Insurance is rated below average in net asset as compared to similar ETFs. It is rated fourth overall ETF in ten year return as compared to similar ETFs . . Comparative valuation analysis is a catch-all model that can be used if you cannot value SPDR SP by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SPDR SP's Etf . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SPDR SP's earnings, one of the primary drivers of an investment's value.

SPDR Ten Year Return vs. Net Asset

Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

SPDR SP

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
422.58 M
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.

SPDR SP

Ten Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(0.10) %
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.

SPDR Ten Year Return Comparison

SPDR SP is currently under evaluation in ten year return as compared to similar ETFs.

SPDR SP Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in SPDR SP, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SPDR SP will eventually generate negative long term returns. The profitability progress is the general direction of SPDR SP's change in net profit over the period of time. It can combine multiple indicators of SPDR SP, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.

SPDR Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on SPDR SP. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of SPDR SP position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the SPDR SP's important profitability drivers and their relationship over time.

Use SPDR SP in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR SP will appreciate offsetting losses from the drop in the long position's value.

SPDR SP Pair Trading

SPDR SP Insurance Pair Trading Analysis

The ability to find closely correlated positions to SPDR SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR SP Insurance to buy it.
The correlation of SPDR SP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SP Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your SPDR SP position

In addition to having SPDR SP 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 Transportation Thematic Idea Now

Transportation
Transportation Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 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 Transportation Theme or any other thematic opportunities.
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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.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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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.
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To fully project SPDR SP's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SPDR SP Insurance at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include SPDR SP's income statement, its balance sheet, and the statement of cash flows.
Potential SPDR SP investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although SPDR SP investors may work on each financial statement separately, they are all related. The changes in SPDR SP's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SPDR SP's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.