Spdr Russell Small Etf Beta
| SPMD Etf | USD 58.19 0.37 0.64% |
SPDR Russell Small fundamentals help investors to digest information that contributes to SPDR Russell's financial success or failures. It also enables traders to predict the movement of SPDR Etf. The fundamental analysis module provides a way to measure SPDR Russell's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SPDR Russell etf.
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SPDR Russell Small ETF Beta Analysis
SPDR Russell's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SPDR Russell Beta | 1.07 |
Most of SPDR Russell's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Russell Small is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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SPDR Russell Beta Component Assessment
In accordance with the recently published financial statements, SPDR Russell Small has a Beta of 1.07. This is 296.3% higher than that of the Category family and 63.61% lower than that of the Mid-Cap Blend category. The beta for all United States etfs is notably lower than that of the firm.
SPDR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR Russell's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR Russell could also be used in its relative valuation, which is a method of valuing SPDR Russell by comparing valuation metrics of similar companies.SPDR Russell is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for SPDR Russell
The fund invests 99.94% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides SPDR Russell's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
SPDR Russell returns are very sensitive to returns on the market. As the market goes up or down, SPDR Russell is expected to follow.
SPDR Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | 0.0015 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 0.48 % | |||
| Current Valuation | 1.43 B | |||
| Shares Outstanding | 15.3 M | |||
| Shares Owned By Insiders | 9.31 % | |||
| Shares Owned By Institutions | 64.00 % | |||
| Number Of Shares Shorted | 1.9 M | |||
| Price To Earning | 0.31 X | |||
| Price To Book | (0.12) X | |||
| Price To Sales | 0.05 X | |||
| Revenue | 1.35 B | |||
| Gross Profit | 1.03 B | |||
| EBITDA | 647 M | |||
| Net Income | 223 M | |||
| Cash And Equivalents | 105 M | |||
| Cash Per Share | 6.71 X | |||
| Total Debt | 1.44 B | |||
| Debt To Equity | (4.06) % | |||
| Current Ratio | 2.04 X | |||
| Book Value Per Share | (35.45) X | |||
| Cash Flow From Operations | 288 M | |||
| Short Ratio | 20.90 X | |||
| Earnings Per Share | 12.77 X | |||
| Number Of Employees | 3.2 K | |||
| Beta | 1.07 | |||
| Market Capitalization | 53.58 M | |||
| Total Asset | 4.68 B | |||
| Retained Earnings | (875.29 M) | |||
| Working Capital | 202 M | |||
| Current Asset | 397 M | |||
| Current Liabilities | 195 M | |||
| One Year Return | 27.80 % | |||
| Three Year Return | 7.70 % | |||
| Five Year Return | 12.10 % | |||
| Ten Year Return | 10.00 % | |||
| Net Asset | 4.68 B | |||
| Last Dividend Paid | 0.17 | |||
| Equity Positions Weight | 99.94 % |
About SPDR Russell Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR Russell Small's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Russell using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Russell Small based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SPDR Russell Small is a strong investment it is important to analyze SPDR Russell's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Russell's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out SPDR Russell Piotroski F Score and SPDR Russell Altman Z Score analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of SPDR Russell Small 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is SPDR Russell'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 Russell's market value can be influenced by many factors that don't directly affect SPDR Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Russell'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.