SSGA Active Financials
| MBNE Etf | USD 29.43 0.02 0.07% |
Net Expense Ratio 0.0043 |
SSGA |
The data published in SSGA Active's official financial statements usually reflect SSGA Active's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of SSGA Active Trust. For example, before you start analyzing numbers published by SSGA accountants, it's critical to develop an understanding of what SSGA Active's liquidity, profitability, and earnings quality are in the context of the SPDR State Street Global Advisors space in which it operates.
Please note, the presentation of SSGA Active's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SSGA Active's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in SSGA Active's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SSGA Active Trust. Please utilize our Beneish M Score to check the likelihood of SSGA Active's management manipulating its earnings.
SSGA Active Etf Summary
SSGA Active competes with First Trust, First Trust, First Trust, First Trust, and First Trust. Under normal circumstances, 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.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| CUSIP | 78470P853 |
| Region | North America |
| Investment Issuer | SSgA |
| Location | Massachusetts; U.S.A |
| Business Address | One Iron Street |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Municipals |
| Portfolio Concentration | Broad Municipals |
| Benchmark | NYSE Composite |
| Phone | NA |
| Currency | USD - US Dollar |
SSGA Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SSGA Active's current stock value. Our valuation model uses many indicators to compare SSGA Active value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SSGA Active competition to find correlations between indicators driving SSGA Active's intrinsic value. More Info.SSGA Active Trust is rated number one ETF in one year return as compared to similar ETFs. It is rated number one ETF in net asset as compared to similar ETFs making up about 12,556,000 of Net Asset per One Year Return. Comparative valuation analysis is a catch-all model that can be used if you cannot value SSGA Active by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SSGA Active's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 SSGA Active's earnings, one of the primary drivers of an investment's value.SSGA Active Trust Systematic Risk
SSGA Active's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SSGA Active volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on SSGA Active Trust correlated with the market. If Beta is less than 0 SSGA Active generally moves in the opposite direction as compared to the market. If SSGA Active Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SSGA Active Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SSGA Active is generally in the same direction as the market. If Beta > 1 SSGA Active moves generally in the same direction as, but more than the movement of the benchmark.
About SSGA Active Financials
What exactly are SSGA Active Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include SSGA Active's income statement, its balance sheet, and the statement of cash flows. Potential SSGA Active investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SSGA Active investors may use each financial statement separately, they are all related. The changes in SSGA Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SSGA Active's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze SSGA Active Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as SSGA Active is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of SSGA has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if SSGA Active's financials are consistent with your investment objective using the following steps:- Review SSGA Active's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand SSGA Active's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare SSGA Active's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if SSGA Active's stock is overvalued or undervalued.
SSGA Active Thematic Clasifications
SSGA Active Trust is part of several thematic ideas from Broad Municipals ETFs to Municipals ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasSSGA Active April 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SSGA Active help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SSGA Active Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of SSGA Active Trust based on widely used predictive technical indicators. In general, we focus on analyzing SSGA Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SSGA Active's daily price indicators and compare them against related drivers.
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 0.8432 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.2377 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SSGA Active Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of SSGA Active Trust is measured differently than its book value, which is the value of SSGA that is recorded on the company's balance sheet. Investors also form their own opinion of SSGA Active's value that differs from its market value or its book value, called intrinsic value, which is SSGA Active'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 SSGA Active's market value can be influenced by many factors that don't directly affect SSGA Active'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 SSGA Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSGA Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSGA Active'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.