SPDR DoubleLine Financials

STOT Etf  USD 46.99  0.03  0.06%   
Financial data analysis helps to confirm if markets are now mispricing SPDR DoubleLine. We were able to break down and interpolate data for ten available drivers for SPDR DoubleLine Short, which can be compared to its competition. Please use SPDR DoubleLine one year return to make a decision on whether SPDR DoubleLine Short is priced fairly. The etf experiences a normal upward fluctuation. Check odds of SPDR DoubleLine to be traded at $49.34 in 90 days. Key indicators impacting SPDR DoubleLine's financial strength include:
Net Expense Ratio
0.0045
3 y Sharp Ratio
(0.95)
With this module, you can analyze SPDR financials for your investing period. You should be able to track the changes in SPDR DoubleLine individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past SPDR DoubleLine Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of SPDR DoubleLine's financial statements are interrelated, with each one affecting the others. For example, an increase in SPDR DoubleLine's assets may result in an increase in income on the income statement.
Evaluating SPDR DoubleLine's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of SPDR DoubleLine's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the SPDR DoubleLine's relative financial performance

Chance Of Distress

Less than 9

 
100  
 
Zero
Low
SPDR DoubleLine Short has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for SPDR DoubleLine etf is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
More Info
The data published in SPDR DoubleLine's official financial statements usually reflect SPDR DoubleLine'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 SPDR DoubleLine Short. For example, before you start analyzing numbers published by SPDR accountants, it's critical to develop an understanding of what SPDR DoubleLine'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 SPDR DoubleLine'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, SPDR DoubleLine's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in SPDR DoubleLine's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SPDR DoubleLine Short. Please utilize our Beneish M Score to check the likelihood of SPDR DoubleLine's management manipulating its earnings.

SPDR DoubleLine Company Summary

SPDR DoubleLine competes with VanEck Vectors, Xtrackers California, Principal Exchange, Vanguard ESG, and PIMCO Enhanced. Under normal circumstances, the fund will invest at least 80 percent of its net assets in a diversified portfolio of fixed income securities of any credit quality. SPDR Doubleline is traded on BATS Exchange in the United States.
InstrumentUSA Etf View All
ExchangeBATS Exchange
ISINUS78470P2002
CUSIP78470P200
RegionGlobal
Investment IssuerSSgA
Etf FamilySPDR State Street Global Advisors
Fund CategoryBroad Debt
Portfolio ConcentrationInvestment Grade
BenchmarkNYSE Composite
PhoneNA
CurrencyUSD - US Dollar
You should never invest in SPDR DoubleLine without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of SPDR Etf, because this is throwing your money away. Analyzing the key information contained in SPDR DoubleLine's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

SPDR DoubleLine Key Financial Ratios

Generally speaking, SPDR DoubleLine's financial ratios allow both analysts and investors to convert raw data from SPDR DoubleLine's financial statements into concise, actionable information that can be used to evaluate the performance of SPDR DoubleLine over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that SPDR DoubleLine Short reports annually and quarterly.

SPDR Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining SPDR DoubleLine's current stock value. Our valuation model uses many indicators to compare SPDR DoubleLine value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR DoubleLine competition to find correlations between indicators driving SPDR DoubleLine's intrinsic value. More Info.
SPDR DoubleLine Short is rated second largest ETF in last dividend paid as compared to similar ETFs. It is presently regarded as number one ETF in beta as compared to similar ETFs totaling about  3.44  of Beta per Last Dividend Paid. . Comparative valuation analysis is a catch-all model that can be used if you cannot value SPDR DoubleLine by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SPDR DoubleLine'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 SPDR DoubleLine's earnings, one of the primary drivers of an investment's value.

SPDR DoubleLine Short Systematic Risk

SPDR DoubleLine's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SPDR DoubleLine 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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on SPDR DoubleLine Short correlated with the market. If Beta is less than 0 SPDR DoubleLine generally moves in the opposite direction as compared to the market. If SPDR DoubleLine Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR DoubleLine Short is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR DoubleLine is generally in the same direction as the market. If Beta > 1 SPDR DoubleLine moves generally in the same direction as, but more than the movement of the benchmark.

About SPDR DoubleLine Financials

What exactly are SPDR DoubleLine 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 SPDR DoubleLine's income statement, its balance sheet, and the statement of cash flows. Potential SPDR DoubleLine investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SPDR DoubleLine investors may use each financial statement separately, they are all related. The changes in SPDR DoubleLine's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SPDR DoubleLine'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 SPDR DoubleLine 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 SPDR DoubleLine 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 SPDR 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 SPDR DoubleLine's financials are consistent with your investment objective using the following steps:
  • Review SPDR DoubleLine'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 SPDR DoubleLine'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 SPDR DoubleLine'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 SPDR DoubleLine's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

SPDR DoubleLine Thematic Clasifications

SPDR DoubleLine Short is part of several thematic ideas from Investment Grade ETFs to Broad Debt 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 Ideas

SPDR DoubleLine March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of SPDR DoubleLine help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPDR DoubleLine Short. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPDR DoubleLine Short based on widely used predictive technical indicators. In general, we focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SPDR DoubleLine's daily price indicators and compare them against related drivers.
When determining whether SPDR DoubleLine Short is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPDR Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spdr Doubleline Short Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Doubleline Short Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR DoubleLine Short. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for SPDR Etf analysis

When running SPDR DoubleLine's price analysis, check to measure SPDR DoubleLine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR DoubleLine is operating at the current time. Most of SPDR DoubleLine's value examination focuses on studying past and present price action to predict the probability of SPDR DoubleLine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPDR DoubleLine's price. Additionally, you may evaluate how the addition of SPDR DoubleLine to your portfolios can decrease your overall portfolio volatility.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Global Correlations
Find global opportunities by holding instruments from different markets
The market value of SPDR DoubleLine Short 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 DoubleLine's value that differs from its market value or its book value, called intrinsic value, which is SPDR DoubleLine'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 DoubleLine's market value can be influenced by many factors that don't directly affect SPDR DoubleLine'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 DoubleLine's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR DoubleLine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR DoubleLine'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.