Spdr Ssga My2032 Etf Performance
| MYCL Etf | 23.96 0.05 0.21% |
The entity has a beta of 0.0744, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR SSGA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR SSGA is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days SPDR SSGA My2032 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent fundamental indicators, SPDR SSGA is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
1 | SPDR SSGA My2032 Corporate Bond declares monthly distribution of 0.0932 | 11/04/2024 |
2 | SPDR SSGA My2032 Corporate Bond ETF declares monthly distribution of 0.0932 - MSN | 11/06/2024 |
3 | SPDR SSGA My2032 Corporate Bond ETF declares monthly distribution of 0.0969 | 12/19/2024 |
SPDR |
SPDR SSGA Relative Risk vs. Return Landscape
If you would invest 2,449 in SPDR SSGA My2032 on October 6, 2024 and sell it today you would lose (53.00) from holding SPDR SSGA My2032 or give up 2.16% of portfolio value over 90 days. SPDR SSGA My2032 is currently does not generate positive expected returns and assumes 0.3505% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% 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 SSGA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SSGA's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SSGA My2032, and traders can use it to determine the average amount a SPDR SSGA'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 = -0.0989
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MYCL |
Estimated Market Risk
| 0.35 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR SSGA is not performing at its full potential. However, 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 SSGA by adding SPDR SSGA to a well-diversified portfolio.
About SPDR SSGA Performance
By examining SPDR SSGA's fundamental ratios, stakeholders can obtain critical insights into SPDR SSGA's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that SPDR SSGA is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
SPDR SSGA is entity of United States. It is traded as Etf on NASDAQ exchange.| SPDR SSGA My2032 generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: SPDR SSGA My2032 Corporate Bond ETF declares monthly distribution of 0.0969 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SSGA My2032. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of SPDR SSGA My2032 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 SSGA's value that differs from its market value or its book value, called intrinsic value, which is SPDR SSGA'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 SSGA's market value can be influenced by many factors that don't directly affect SPDR SSGA'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 SSGA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SSGA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SSGA'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.