SPDR Aggregate Beneish M Score

SPAB
 Etf
  

USD 24.95  0.09  0.36%   

This module uses fundamental data of SPDR Aggregate to approximate the value of its Beneish M Score. SPDR Aggregate M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Additionally, take a look at SPDR Aggregate Piotroski F Score and SPDR Aggregate Altman Z Score analysis.
  
At this time, SPDR Aggregate's M Score is inapplicable. The earnings manipulation may begin if SPDR Aggregate's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by SPDR Aggregate executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of SPDR Aggregate's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense CoverageN/AFocus
Gross Margin StrengsN/AFocus
Accruals FactorN/AFocus
Depreciation ResistanceN/AFocus
Net Sales GrowthN/AFocus
Financial Leverage ConditionN/AFocus

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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.

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Our tools can tell you how much better you can do entering a position in SPDR Aggregate without increasing your portfolio risk or giving up the 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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Additionally, take a look at SPDR Aggregate Piotroski F Score and SPDR Aggregate Altman Z Score 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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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.