SPDR Aggregate Z Score

SPAB
 Etf
  

USD 25.40  0.01  0.0394%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, take a look at SPDR Aggregate Piotroski F Score and Portfolio Optimization analysis.
  

SPDR Aggregate Z Score Analysis

SPDR Aggregate's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

SPDR Aggregate Z Score Component Assessment

Based on the company's disclosures, SPDR Aggregate Bond has a Z Score of 0.0. This indicator is about the same for the Category average (which is currently at 0.0) family and about the same as Family (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).

SPDR Aggregate Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SPDR Aggregate's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SPDR Aggregate could also be used in its relative valuation, which is a method of valuing SPDR Aggregate by comparing valuation metrics of similar companies.
SPDR Aggregate is currently under evaluation in z score as compared to similar ETFs.

SPDR Aggregate Institutional Holders

Institutional Holdings refers to the ownership stake in SPDR Aggregate that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SPDR Aggregate'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 Aggregate's value.
Security TypeSharesValue
Zullo Investment Group IncFund Units207K

Fund Asset Allocation for SPDR Aggregate

The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.
   Value   
       Instrument Type  

SPDR Aggregate Fundamentals

About SPDR Aggregate Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SPDR Aggregate Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR Aggregate using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR Aggregate Bond 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.
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. SPDR Aggregate is traded on NYSEARCA Exchange in the United States.
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 Aggregate 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 Aggregate's short interest history, or implied volatility extrapolated from SPDR Aggregate options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at SPDR Aggregate Piotroski F Score and Portfolio Optimization analysis. Note that the SPDR Aggregate Bond information on this page should be used as a complementary analysis to other SPDR Aggregate'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for SPDR Aggregate Etf analysis

When running SPDR Aggregate Bond price analysis, check to measure SPDR Aggregate'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 Aggregate is operating at the current time. Most of SPDR Aggregate's value examination focuses on studying past and present price action to predict the probability of SPDR Aggregate's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR Aggregate's price. Additionally, you may evaluate how the addition of SPDR Aggregate to your portfolios can decrease your overall portfolio volatility.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
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
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
The market value of SPDR Aggregate Bond is measured differently than its book value, which is the value of SPDR Aggregate that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Aggregate's value that differs from its market value or its book value, called intrinsic value, which is SPDR Aggregate'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 Aggregate's market value can be influenced by many factors that don't directly affect SPDR Aggregate'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 Aggregate's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR Aggregate value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Aggregate'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.