SPDR Galaxy Financials
| DECO Etf | 36.07 0.92 2.62% |
SPDR |
The data published in SPDR Galaxy's official financial statements typically reflect SPDR Galaxy'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 SPDR Galaxy's quantitative information. For example, before you start analyzing numbers published by SPDR accountants, it's essential to understand SPDR Galaxy's liquidity, profitability, and earnings quality within the context of the Digital Assets space in which it operates.
SPDR Galaxy Digital Systematic Risk
SPDR Galaxy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SPDR Galaxy 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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on SPDR Galaxy Digital correlated with the market. If Beta is less than 0 SPDR Galaxy generally moves in the opposite direction as compared to the market. If SPDR Galaxy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR Galaxy Digital is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR Galaxy is generally in the same direction as the market. If Beta > 1 SPDR Galaxy moves generally in the same direction as, but more than the movement of the benchmark.
SPDR Galaxy Thematic Clasifications
SPDR Galaxy Digital is part of several thematic ideas from Strategy ETFs to Theme 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 IdeasSPDR Galaxy December 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SPDR Galaxy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPDR Galaxy Digital. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPDR Galaxy Digital based on widely used predictive technical indicators. In general, we focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SPDR Galaxy's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.1293 | |||
| Maximum Drawdown | 22.96 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 5.69 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR Galaxy Digital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of SPDR Galaxy Digital 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy'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.