SSGA Active Financials
| HYBL Etf | USD 28.60 0.02 0.07% |
Net Expense Ratio 0.007 |
SSGA |
The data published in SSGA Active's official financial statements typically reflect SSGA Active's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving SSGA Active's quantitative information. For example, before you start analyzing numbers published by SSGA accountants, it's essential to understand SSGA Active's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
SSGA Active Etf Summary
SSGA Active competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Under normal circumstances, the Sub-Adviser will invest the funds assets primarily in U.S. dollar denominated high yield debt securities. SPDR Series is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| ISIN | US78470P8462 |
| CUSIP | 78470P846 |
| Region | North America |
| Investment Issuer | SSgA |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Broad Debt |
| Portfolio Concentration | High Yield |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SSGA Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SSGA Active's current stock value. Our valuation model uses many indicators to compare SSGA Active value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SSGA Active competition to find correlations between indicators driving SSGA Active's intrinsic value. More Info.SSGA Active Trust is one of the top ETFs in one year return as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about 9,587,500 of Net Asset per One Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value SSGA Active by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.SSGA Active Trust Systematic Risk
SSGA Active's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SSGA Active volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on SSGA Active Trust correlated with the market. If Beta is less than 0 SSGA Active generally moves in the opposite direction as compared to the market. If SSGA Active Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SSGA Active Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SSGA Active is generally in the same direction as the market. If Beta > 1 SSGA Active moves generally in the same direction as, but more than the movement of the benchmark.
SSGA Active Thematic Clasifications
SSGA Active Trust is part of several thematic ideas from High Yield ETFs to Broad Debt ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasSSGA Active November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SSGA Active help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SSGA Active Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of SSGA Active Trust based on widely used predictive technical indicators. In general, we focus on analyzing SSGA Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SSGA Active's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.1107 | |||
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 0.5326 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.2475 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SSGA Active Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of SSGA Active Trust is measured differently than its book value, which is the value of SSGA that is recorded on the company's balance sheet. Investors also form their own opinion of SSGA Active's value that differs from its market value or its book value, called intrinsic value, which is SSGA Active'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 SSGA Active's market value can be influenced by many factors that don't directly affect SSGA Active'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 SSGA Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSGA Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSGA Active'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.