Spdr Factset Innovative Etf Profile
| XITK Etf | USD 135.65 0.79 0.58% |
Performance0 of 100
| Odds Of DistressLess than 9
|
SPDR FactSet is selling for 135.65 as of the 19th of April 2024. This is a -0.58 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 135.51. SPDR FactSet has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for SPDR FactSet Innovative are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. More on SPDR FactSet Innovative
Moving together with SPDR Etf
| 0.95 | CIBR | First Trust NASDAQ | PairCorr |
SPDR Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPDR FactSet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR FactSet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2016-01-13 |
| Benchmark | FactSet Innovative Technology Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 92.25 Million |
| Average Trading Valume | 3,075.2 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Michael Feehily, Karl Schneider, Michael Finocchi |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 102 |
| Market Maker | Citadel |
| Total Expense | 0.45 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | (7.14) |
| Name | SPDR FactSet Innovative Technology ETF |
| Currency Code | USD |
| Open Figi | BBG00BVVM2S3 |
| In Threey Volatility | 28.45 |
| 1y Volatility | 31.18 |
| 200 Day M A | 136.18 |
| 50 Day M A | 147.74 |
| Code | XITK |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
SPDR FactSet Innovative [XITK] is traded in USA and was established 2016-01-13. The fund is listed under Technology category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as Strategy ETFs. SPDR FactSet Innovative at this time have 103.57 M in net assets. , while the total return for the last 3 years was -14.7%.
Check SPDR FactSet Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR FactSet Innovative Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top SPDR FactSet Innovative Etf Constituents
| AEIS | Advanced Energy Industries | Stock | Information Technology |
| VRNS | Varonis Systems | Stock | Information Technology |
| TENB | Tenable Holdings | Stock | Information Technology |
| SNAP | Snap Inc | Stock | Communication Services |
| SPSC | SPS Commerce | Stock | Information Technology |
| NFLX | Netflix | Stock | Communication Services |
| TRUE | TrueCar | Stock | Communication Services |
SPDR FactSet Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of SPDR FactSet jumping above the current price in 90 days from now is close to 99%. The SPDR FactSet Innovative probability density function shows the probability of SPDR FactSet etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.8663. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SPDR FactSet will likely underperform. Additionally, sPDR FactSet Innovative has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of SPDR FactSet to move above the current price in 90 days from now is close to 99 (This SPDR FactSet Innovative probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR FactSet Innovative Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR FactSet market risk premium is the additional return an investor will receive from holding SPDR FactSet long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR FactSet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SPDR FactSet's alpha and beta are two of the key measurements used to evaluate SPDR FactSet's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.03) |
SPDR FactSet Against Markets
Picking the right benchmark for SPDR FactSet etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPDR FactSet etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPDR FactSet is critical whether you are bullish or bearish towards SPDR FactSet Innovative at a given time. Please also check how SPDR FactSet's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in SPDR FactSet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy SPDR Etf?
Before investing in SPDR FactSet, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR FactSet. To buy SPDR FactSet etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR FactSet. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR FactSet etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR FactSet Innovative etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR FactSet Innovative etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR FactSet Innovative, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPDR Etf please use our How to Invest in SPDR FactSet guide.
Already Invested in SPDR FactSet Innovative?
The danger of trading SPDR FactSet Innovative is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR FactSet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR FactSet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR FactSet Innovative is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR FactSet Innovative 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 Factset Innovative Etf. Highlighted below are key reports to facilitate an investment decision about Spdr Factset Innovative Etf: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR FactSet Innovative. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of SPDR FactSet Innovative 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 FactSet's value that differs from its market value or its book value, called intrinsic value, which is SPDR FactSet'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 FactSet's market value can be influenced by many factors that don't directly affect SPDR FactSet'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 FactSet's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR FactSet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR FactSet'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.