SPDR Portfolio Etf Profile

SPHY -  USA Etf  

USD 23.41  0.04  0.17%

Market Performance
0 of 100
Odds Of Distress
Less than 15
SPDR Portfolio is trading at 23.41 as of the 24th of May 2022; that is -0.17% down since the beginning of the trading day. The etf's open price was 23.45. SPDR Portfolio has less than a 15 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for SPDR Portfolio High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2022 and ending today, the 24th of May 2022. Click here to learn more.
The fund invests substantially all, but at least 80, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. More on SPDR Portfolio High

SPDR Portfolio 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. SPDR Portfolio's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Portfolio or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
SPDR Portfolio High generated a negative expected return over the last 90 days
The fund maintains about 12.36% of its assets in bonds
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of SPDR Portfolio's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssuerSSgA
DescriptionSPDR Portfolio High Yield Bond ETF
Inception Date2012-06-18
BenchmarkICE BofAML US High Yield Index
Entity TypeRegulated Investment Company
Asset Under Management639.61 Million
Asset TypeFixed Income
CategoryCorporate
FocusHigh Yield
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorSSgA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Portfolio ManagerBradley Sullivan, Michael Brunell, Kyle Kelly
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents2,044
Market MakerSusquehanna
Total Expense0.1
Management Fee0.1
Nav Price23.5
Two Hundred Day Average25.86
Ytd-9.55%
Average Daily Volume In Three Month343.48k
Fifty Two Week Low23.21
As Of Date11th of May 2022
Average Daily Volume Last 10 Day325.42k
Fifty Two Week High27.0
One Month-3.47%
Fifty Day Average24.41
Three Month-5.90%
Beta In Three Year0.77
SPDR Portfolio High [SPHY] is traded in USA and was established 2012-06-18. The fund is listed under High Yield Bond category and is part of SPDR State Street Global Advisors family. SPDR Portfolio High at this time have 677.41 M in assets. , while the total return for the last 3 years was 2.56%.
Check SPDR Portfolio 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 Portfolio 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 Portfolio , and the less return is expected.

SPDR Portfolio Target Price Odds Analysis

What are SPDR Portfolio's target price odds to finish over the current price? Based on a normal probability distribution, the odds of SPDR Portfolio jumping above the current price in 90 days from now is roughly 96.0%. The SPDR Portfolio High probability density function shows the probability of SPDR Portfolio etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPDR Portfolio has a beta of 0.3345. This usually implies as returns on the market go up, SPDR Portfolio average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Portfolio High will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. SPDR Portfolio High is significantly underperforming DOW.
  Odds Below 23.41HorizonTargetOdds Above 23.41
3.45%90 days
 23.41 
96.46%
Based on a normal probability distribution, the odds of SPDR Portfolio to move above the current price in 90 days from now is roughly 96.0 (This SPDR Portfolio High probability density function shows the probability of SPDR Portfolio Etf to fall within a particular range of prices over 90 days) .

SPDR Portfolio Top Holders

SPDR Portfolio Major Institutional Holders

Institutional Holdings refers to the ownership stake in SPDR Portfolio that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SPDR Portfolio's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SPDR Portfolio's value.
InstituionSecurity TypeTotal SharesValue
Lpl Financial LlcFund Units1.6 M40.5 M
View SPDR Portfolio Diagnostics

SPDR Portfolio High Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR Portfolio market risk premium is the additional return an investor will receive from holding SPDR Portfolio 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 Portfolio. 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 Portfolio's alpha and beta are two of the key measurements used to evaluate SPDR Portfolio's performance over the market, the standard measures of volatility play an important role as well.

SPDR Portfolio High Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. SPDR Portfolio High Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe SPDR Portfolio price patterns.
.

SPDR Portfolio Against Markets

Picking the right benchmark for SPDR Portfolio 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 Portfolio 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 Portfolio is critical whether you are bullish or bearish towards SPDR Portfolio High at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPDR Portfolio without increasing your portfolio risk or giving up 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?

Run Portfolio Backtesting Now

   

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios
All  Next Launch Module

Investing SPDR Portfolio High

You need to understand the risk of investing before taking a position in SPDR Portfolio. The danger of trading SPDR Portfolio High 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 Portfolio 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 Portfolio. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Portfolio High 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.
Additionally, take a look at World Market Map. Note that the SPDR Portfolio High information on this page should be used as a complementary analysis to other SPDR Portfolio'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for SPDR Portfolio Etf analysis

When running SPDR Portfolio High price analysis, check to measure SPDR Portfolio'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 Portfolio is operating at the current time. Most of SPDR Portfolio's value examination focuses on studying past and present price action to predict the probability of SPDR Portfolio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Portfolio's price. Additionally, you may evaluate how the addition of SPDR Portfolio to your portfolios can decrease your overall portfolio volatility.
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
The market value of SPDR Portfolio High is measured differently than its book value, which is the value of SPDR Portfolio that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Portfolio's value that differs from its market value or its book value, called intrinsic value, which is SPDR Portfolio'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 Portfolio's market value can be influenced by many factors that don't directly affect SPDR Portfolio'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 Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Portfolio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Portfolio'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.