Spdr Nuveen Municipal Etf Performance
| MBND Etf | USD 27.86 0.07 0.25% |
The entity has a beta of -0.0851, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR Nuveen are expected to decrease at a much lower rate. During the bear market, SPDR Nuveen is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR Nuveen Municipal are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, SPDR Nuveen is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | Disposition of 343291 shares by Bennett Frank B of SPDR Nuveen at 3.25 subject to Rule 16b-3 | 09/17/2024 |
2 | Technical Data - Stock Traders Daily | 09/24/2024 |
| In Threey Sharp Ratio | -0.61 |
SPDR |
SPDR Nuveen Relative Risk vs. Return Landscape
If you would invest 2,761 in SPDR Nuveen Municipal on August 30, 2024 and sell it today you would earn a total of 25.00 from holding SPDR Nuveen Municipal or generate 0.91% return on investment over 90 days. SPDR Nuveen Municipal is currently generating 0.0146% in daily expected returns and assumes 0.2338% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than SPDR, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
SPDR Nuveen Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Nuveen's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR Nuveen Municipal, and traders can use it to determine the average amount a SPDR Nuveen's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0623
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MBND |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average SPDR Nuveen is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SPDR Nuveen by adding it to a well-diversified portfolio.
SPDR Nuveen Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR Nuveen, and SPDR Nuveen fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Etf performance.
| Return On Asset | 0.016 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 65.36 M | |||
| Shares Outstanding | 21.72 M | |||
| Price To Earning | 26.18 X | |||
| Price To Book | 1.62 X | |||
| Price To Sales | 0.23 X | |||
| Revenue | 305.62 M | |||
| EBITDA | 9.39 M | |||
| Cash And Equivalents | 19.74 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 41.22 M | |||
| Debt To Equity | 0.59 % | |||
| Cash Flow From Operations | 9.88 M | |||
| Earnings Per Share | 0.12 X | |||
| Total Asset | 37.69 M | |||
| Retained Earnings | (73.25 M) | |||
| Current Asset | 59.84 M | |||
| Current Liabilities | 64.73 M | |||
About SPDR Nuveen Performance
By analyzing SPDR Nuveen's fundamental ratios, stakeholders can gain valuable insights into SPDR Nuveen's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SPDR Nuveen has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if SPDR Nuveen has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Normally, 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.| 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. |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.