SPDR Dow Price To Earning vs. Net Asset
| DIA Etf | USD 433.21 0.00 0.00% |
For SPDR Dow profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SPDR Dow to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SPDR Dow Jones utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SPDR Dow's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SPDR Dow Jones over time as well as its relative position and ranking within its peers.
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The market value of SPDR Dow Jones 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 Dow's value that differs from its market value or its book value, called intrinsic value, which is SPDR Dow'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 Dow's market value can be influenced by many factors that don't directly affect SPDR Dow'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 Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Dow'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.
SPDR Dow Jones Net Asset vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Dow's current stock value. Our valuation model uses many indicators to compare SPDR Dow value to that of its competitors to determine the firm's financial worth. SPDR Dow Jones is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about 8,345,714,286 of Net Asset per Price To Earning. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SPDR Dow's earnings, one of the primary drivers of an investment's value.SPDR Net Asset vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
SPDR Dow |
| = | 3.50 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
SPDR Dow |
| = | 29.21 B |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
SPDR Net Asset Comparison
SPDR Dow is currently under evaluation in net asset as compared to similar ETFs.
SPDR Dow Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SPDR Dow, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SPDR Dow will eventually generate negative long term returns. The profitability progress is the general direction of SPDR Dow's change in net profit over the period of time. It can combine multiple indicators of SPDR Dow, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Trusts Portfolio consists of substantially all of the component common stocks that comprise the DJIA, which are weighted in accordance with the terms of the Trust Agreement. Dow Industrials is traded on NYSEARCA Exchange in the United States.
SPDR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SPDR Dow. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of SPDR Dow position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the SPDR Dow's important profitability drivers and their relationship over time.
Use SPDR Dow in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR Dow position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR Dow will appreciate offsetting losses from the drop in the long position's value.SPDR Dow Pair Trading
SPDR Dow Jones Pair Trading Analysis
The ability to find closely correlated positions to SPDR Dow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Dow when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Dow - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Dow Jones to buy it.
The correlation of SPDR Dow is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Dow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Dow Jones moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR Dow can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your SPDR Dow position
In addition to having SPDR Dow in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Investing Opportunities. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
To fully project SPDR Dow's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SPDR Dow Jones at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include SPDR Dow's income statement, its balance sheet, and the statement of cash flows.