Objective longshort Report - Stock Traders Daily
| SFY Etf | 74.95 0.30 0.40% |
Slightly above 62% of SPDR SPASX's investor base is looking to short. The current sentiment regarding investing in SPDR SPASX 50 etf implies that many traders are alarmed. SPDR SPASX's investing sentiment can be driven by a variety of factors including economic data, SPDR SPASX's earnings reports, geopolitical events, and overall market trends.
SPDR |
Objective longshort Report Stock Traders Daily
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SPDR SPASX Fundamental Analysis
We analyze SPDR SPASX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR SPASX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR SPASX 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
SPDR SPASX is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
SPDR SPASX 50 Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SPDR SPASX etf to make a market-neutral strategy. Peer analysis of SPDR SPASX could also be used in its relative valuation, which is a method of valuing SPDR SPASX by comparing valuation metrics with similar companies.
Peers
SPDR SPASX Related Equities
| AAC | Australian Agricultural | 1.48 | ||||
| ADT | Adriatic Metals | 0.97 | ||||
| IXJ | IShares Global | 0.26 | ||||
| RIC | Ridley | 0.36 | ||||
| GEAR | BetaShares Geared | 0.41 |
Other Information on Investing in SPDR Etf
SPDR SPASX financial ratios help investors to determine whether SPDR Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR SPASX security.