SPDR SSGA Ownership
| MYCN Etf | 24.57 0.03 0.12% |
SPDR Etf Ownership Analysis
SPDR SSGA is is formed as Regulated Investment Company in the United States. ETF is managed and operated by State Street Global Advisors Funds Management, Inc.. The fund has 108 constituents across multiple sectors and instustries. The fund charges 0.15 percent management fee with a total expences of 0.15 percent of total asset. It is possible that SPDR SSGA My2034 etf was renamed or delisted.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR SSGA , and the less return is expected.
Investment Allocations (%)
Pair Trading with SPDR SSGA
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 SSGA 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 SSGA will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.94 | BSCP | Invesco BulletShares 2025 | PairCorr |
| 0.95 | IBDQ | iShares iBonds Dec | PairCorr |
| 0.96 | BSCQ | Invesco BulletShares 2026 | PairCorr |
| 0.96 | IBDR | iShares iBonds Dec | PairCorr |
| 0.98 | IBDS | iShares iBonds Dec | PairCorr |
Moving against SPDR Etf
The ability to find closely correlated positions to SPDR SSGA 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 SSGA 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 SSGA - 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 SSGA My2034 to buy it.
The correlation of SPDR SSGA 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 SSGA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SSGA My2034 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 SSGA 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SSGA My2034. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in banks. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of SPDR SSGA My2034 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 SSGA's value that differs from its market value or its book value, called intrinsic value, which is SPDR SSGA'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 SSGA's market value can be influenced by many factors that don't directly affect SPDR SSGA'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 SSGA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SSGA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SSGA'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.