SPDR Short Etf Profile

SPSB
 Etf
  

USD 29.82  0.01  0.0335%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
SPDR Short is trading at 29.82 as of the 6th of July 2022, a 0.0335 percent increase since the beginning of the trading day. The etf's open price was 29.81. SPDR Short has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for SPDR Short Term are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of May 2022 and ending today, the 6th of July 2022. Click here to learn more.
The fund generally 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 Short Term

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SPDR Short 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 Short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
SPDR Short Term generated a negative expected return over the last 90 days
SPDR Short Term is unlikely to experience financial distress in the next 2 years
The fund maintains about 14.69% 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 Short's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
IssuerSSgA
DescriptionSPDR Portfolio Short Term Corporate Bond ETF
Inception Date2009-12-16
BenchmarkBloomberg U.S. 1-3 Year Corporate Bond Index
Entity TypeRegulated Investment Company
Asset Under Management7.37 Billion
Average Trading Valume3.72 Million
Asset TypeFixed Income
CategoryCorporate
FocusInvestment Grade
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 ManagerFrank Miethe, Kyle Kelly, Christopher DiStefano
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-May
ExchangeNYSE Arca, Inc.
Number of Constituents1,182
Market MakerVirtu Financial
Total Expense0.04
Management Fee0.04
Nav Price29.92
Two Hundred Day Average30.53
Ytd-2.98%
Average Daily Volume In Three Month3.66M
Fifty Two Week Low29.44
As Of Date11th of May 2022
Average Daily Volume Last 10 Day2.05M
Fifty Two Week High31.31
One Month-0.17%
Fifty Day Average29.85
Three Month-1.77%
SPDR Short Term [SPSB] is traded in USA and was established 2009-12-16. The fund is listed under Short-Term Bond category and is part of SPDR State Street Global Advisors family. SPDR Short Term at this time have 7.58 B in assets. , while the total return for the last 3 years was 1.15%.
Check SPDR Short 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 Short 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 Short 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 Short Term 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.

SPDR Short Target Price Odds Analysis

What are SPDR Short's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of SPDR Short jumping above the current price in 90 days from now is about 46.93%. The SPDR Short Term probability density function shows the probability of SPDR Short etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPDR Short has a beta of 0.0527. This usually implies as returns on the market go up, SPDR Short average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Short Term 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 Short Term is significantly underperforming DOW.
  Odds Below 29.82HorizonTargetOdds Above 29.82
50.79%90 days
 29.82 
46.93%
Based on a normal probability distribution, the odds of SPDR Short to move above the current price in 90 days from now is about 46.93 (This SPDR Short Term probability density function shows the probability of SPDR Short Etf to fall within a particular range of prices over 90 days) .

SPDR Short Top Holders

SPDR Short Term Risk Profiles

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

SPDR Short Term Technical Analysis

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

Picking the right benchmark for SPDR Short 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 Short 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 Short is critical whether you are bullish or bearish towards SPDR Short Term 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 Short 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.

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Investing SPDR Short Term

You need to understand the risk of investing before taking a position in SPDR Short. The danger of trading SPDR Short Term 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 Short 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 Short. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Short Term 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 Short Term information on this page should be used as a complementary analysis to other SPDR Short'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running SPDR Short Term price analysis, check to measure SPDR Short'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 Short is operating at the current time. Most of SPDR Short's value examination focuses on studying past and present price action to predict the probability of SPDR Short's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Short's price. Additionally, you may evaluate how the addition of SPDR Short to your portfolios can decrease your overall portfolio volatility.
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The market value of SPDR Short Term is measured differently than its book value, which is the value of SPDR Short that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Short's value that differs from its market value or its book value, called intrinsic value, which is SPDR Short'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 Short's market value can be influenced by many factors that don't directly affect SPDR Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Short value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Short'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.