Spdr Nuveen Municipal Etf Buy Hold or Sell Recommendation
| MBND Etf | USD 27.86 0.07 0.25% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding SPDR Nuveen Municipal is 'Cautious Hold'. Macroaxis provides SPDR Nuveen buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MBND positions.
Check out SPDR Nuveen Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as SPDR and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards SPDR Nuveen Municipal. 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.
SPDR |
Execute SPDR Nuveen Buy or Sell Advice
The SPDR recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on SPDR Nuveen Municipal. Macroaxis does not own or have any residual interests in SPDR Nuveen Municipal or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR Nuveen's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
SPDR Nuveen Trading Alerts and Improvement Suggestions
| SPDR Nuveen Municipal currently holds 41.22 M in liabilities with Debt to Equity (D/E) ratio of 0.59, which is about average as compared to similar companies. SPDR Nuveen Municipal has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SPDR Nuveen until it has trouble settling it off, either with new capital or with free cash flow. So, SPDR Nuveen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SPDR Nuveen Municipal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SPDR to invest in growth at high rates of return. When we think about SPDR Nuveen's use of debt, we should always consider it together with cash and equity. | |
| About 14.0% of SPDR Nuveen outstanding shares are owned by corporate insiders | |
| The fund maintains most of the assets in different exotic instruments. |
SPDR Nuveen Returns Distribution Density
The distribution of SPDR Nuveen's historical returns is an attempt to chart the uncertainty of SPDR Nuveen's future price movements. The chart of the probability distribution of SPDR Nuveen daily returns describes the distribution of returns around its average expected value. We use SPDR Nuveen Municipal price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR Nuveen returns is essential to provide solid investment advice for SPDR Nuveen.
| Mean Return | 0.01 | Value At Risk | -0.29 | Potential Upside | 0.40 | Standard Deviation | 0.23 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SPDR Nuveen historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SPDR Nuveen Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Nuveen or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Nuveen's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | -0.54 |
SPDR Nuveen Volatility Alert
SPDR Nuveen Municipal exhibits very low volatility with skewness of -0.88 and kurtosis of 6.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR Nuveen's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR Nuveen's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SPDR Nuveen Fundamentals Vs Peers
Comparing SPDR Nuveen's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SPDR Nuveen's direct or indirect competition across all of the common fundamentals between SPDR Nuveen and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR Nuveen or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR Nuveen's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR Nuveen by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR Nuveen to competition |
| Fundamentals | SPDR Nuveen | Peer Average |
| Price To Earning | 26.18 X | 3.15 X |
| Price To Book | 1.62 X | 0.39 X |
| Price To Sales | 0.23 X | 0.33 X |
| Beta | 0.86 | |
| One Year Return | 7.30 % | (0.97) % |
| Three Year Return | 0.00 % | 3.23 % |
| Net Asset | 37.69 M | 2.29 B |
| Last Dividend Paid | 0.0219 | 0.14 |
| Bond Positions Weight | 0.76 % | 8.16 % |
Note: Disposition of 343291 shares by Bennett Frank B of SPDR Nuveen at 3.25 subject to Rule 16b-3 [view details]
SPDR Nuveen Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 27.86 | |||
| Day Typical Price | 27.86 | |||
| Price Action Indicator | 0.035 | |||
| Period Momentum Indicator | 0.07 | |||
| Relative Strength Index | 50.66 |
About SPDR Nuveen Buy or Sell Advice
When is the right time to buy or sell SPDR Nuveen Municipal? Buying financial instruments such as SPDR Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out SPDR Nuveen Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of SPDR Nuveen Municipal 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 Nuveen's value that differs from its market value or its book value, called intrinsic value, which is SPDR Nuveen'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 Nuveen's market value can be influenced by many factors that don't directly affect SPDR Nuveen'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 Nuveen's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Nuveen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Nuveen'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.