SSGA Active Financials
| MBNE Etf | USD 29.99 0.05 0.17% |
Net Expense Ratio 0.0043 |
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.
Please note, the presentation of SSGA Active's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SSGA Active's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of SSGA Active's management manipulating its earnings.
SSGA Active Etf Summary
SSGA Active competes with BlackRock Intermediate, SSGA Active, SPDR MarketAxess, SSGA Active, and SPDR Nuveen. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal bonds that pay income that is exempt from regular federal income tax. SPDR Nuveen is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| CUSIP | 78470P853 |
| Region | North America |
| Investment Issuer | SSgA |
| Location | Massachusetts; U.S.A |
| Business Address | One Iron Street |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Municipals |
| Portfolio Concentration | Broad Municipals |
| 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 regarded second largest ETF in one year return as compared to similar ETFs. It also is regarded second largest ETF in net asset as compared to similar ETFs making up about 5,922,642 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 ten with a total number of output elements of fifty-one. 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.
About SSGA Active Financials
What exactly are SSGA Active Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include SSGA Active's income statement, its balance sheet, and the statement of cash flows. Potential SSGA Active investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SSGA Active investors may use each financial statement separately, they are all related. The changes in SSGA Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SSGA Active'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.SSGA Active Thematic Clasifications
SSGA Active Trust is part of several thematic ideas from Municipals ETFs to Broad Municipals 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 30, 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 | 0.2161 | |||
| Information Ratio | (0.67) | |||
| Maximum Drawdown | 0.9809 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.3016 |
Check out Correlation 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 board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.