Spdr Global Dow Etf Price To Book
| DGT Etf | USD 125.77 1.29 1.04% |
SPDR Global Dow fundamentals help investors to digest information that contributes to SPDR Global's financial success or failures. It also enables traders to predict the movement of SPDR Etf. The fundamental analysis module provides a way to measure SPDR Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SPDR Global etf.
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SPDR Global Dow ETF Price To Book Analysis
SPDR Global's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current SPDR Global Price To Book | 1.54 X |
Most of SPDR Global's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Global Dow is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, SPDR Global Dow has a Price To Book of 1.54 times. This is 57.14% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Global Large-Stock Value category. The price to book for all United States etfs is notably lower than that of the firm.
SPDR Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR Global's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR Global could also be used in its relative valuation, which is a method of valuing SPDR Global by comparing valuation metrics of similar companies.SPDR Global is currently under evaluation in price to book as compared to similar ETFs.
Fund Asset Allocation for SPDR Global
The fund invests 99.41% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides SPDR Global's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
SPDR Fundamentals
| Price To Earning | (16.93) X | |||
| Price To Book | 1.54 X | |||
| Price To Sales | 1.06 X | |||
| Gross Profit | 2.6 M | |||
| Earnings Per Share | 7.52 X | |||
| Number Of Employees | 10 | |||
| Beta | 0.95 | |||
| Market Capitalization | 110.83 M | |||
| Total Asset | 94.21 M | |||
| One Year Return | 16.70 % | |||
| Three Year Return | 7.80 % | |||
| Five Year Return | 10.70 % | |||
| Ten Year Return | 8.60 % | |||
| Net Asset | 94.21 M | |||
| Last Dividend Paid | 0.59 | |||
| Equity Positions Weight | 99.41 % |
About SPDR Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR Global Dow's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Global Dow based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SPDR Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SPDR Global's short interest history, or implied volatility extrapolated from SPDR Global options trading.
Pair Trading with SPDR Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.86 | GCOW | Pacer Global Cash | PairCorr |
| 0.85 | WDIV | SPDR SP Global | PairCorr |
| 0.91 | DEW | WisdomTree Global High | PairCorr |
The ability to find closely correlated positions to SPDR Global 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 Global 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 Global - 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 Global Dow to buy it.
The correlation of SPDR Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Global Dow 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 Global 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.Check out SPDR Global Piotroski F Score and SPDR Global Altman Z Score analysis. Note that the SPDR Global Dow information on this page should be used as a complementary analysis to other SPDR Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of SPDR Global Dow 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 Global's value that differs from its market value or its book value, called intrinsic value, which is SPDR Global'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 Global's market value can be influenced by many factors that don't directly affect SPDR Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Global'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.