Spdr Ice Preferred Etf Fundamentals
| PSK Etf | USD 33.79 0.28 0.84% |
SPDR ICE Preferred fundamentals help investors to digest information that contributes to SPDR ICE'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 ICE'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 ICE etf.
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SPDR ICE Preferred ETF Beta Analysis
SPDR ICE's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SPDR ICE Beta | 1.4 |
Most of SPDR ICE's fundamental indicators, such as Beta, 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 ICE Preferred is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, SPDR ICE Preferred has a Beta of 1.4. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Preferred Stock category. The beta for all United States etfs is notably lower than that of the firm.
SPDR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR ICE's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR ICE could also be used in its relative valuation, which is a method of valuing SPDR ICE by comparing valuation metrics of similar companies.SPDR ICE is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for SPDR ICE
The fund invests most of its asset in various types of exotic instruments. .Asset allocation divides SPDR ICE'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.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR ICE will likely underperform.
SPDR Fundamentals
| Number Of Employees | 139 | |||
| Beta | 1.4 | |||
| Total Asset | 1.02 B | |||
| One Year Return | 7.50 % | |||
| Three Year Return | (2.50) % | |||
| Five Year Return | 0.80 % | |||
| Ten Year Return | 3.10 % | |||
| Net Asset | 1.02 B | |||
| Last Dividend Paid | 0.18 | |||
| Equity Positions Weight | 0.32 % |
About SPDR ICE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR ICE Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR ICE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR ICE Preferred 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.In seeking to track the performance of the index, the adviser employs a sampling strategy. SPDR ICE is traded on NYSEARCA Exchange in the United States.
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Align your risk with return expectations
Check out SPDR ICE Piotroski F Score and SPDR ICE Altman Z Score analysis. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of SPDR ICE Preferred 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 ICE's value that differs from its market value or its book value, called intrinsic value, which is SPDR ICE'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 ICE's market value can be influenced by many factors that don't directly affect SPDR ICE'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 ICE's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR ICE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR ICE'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.