SPDR Kensho Financial Statements From 2010 to 2024
| CNRG Etf | USD 65.47 0.66 1.02% |
Check SPDR Kensho financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR Kensho's main balance sheet or income statement drivers, such as , as well as many indicators such as . SPDR financial statements analysis is a perfect complement when working with SPDR Kensho Valuation or Volatility modules.
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SPDR Kensho Clean ETF Beta Analysis
SPDR Kensho'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 Kensho Beta | 1.33 |
Most of SPDR Kensho'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 Kensho Clean 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 Kensho Clean has a Beta of 1.33. This is 392.59% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Equity Energy category. The beta for all United States etfs is notably lower than that of the firm.
About SPDR Kensho Financial Statements
SPDR Kensho stakeholders use historical fundamental indicators, such as SPDR Kensho's revenue or net income, to determine how well the company is positioned to perform in the future. Although SPDR Kensho investors may analyze each financial statement separately, they are all interrelated. For example, changes in SPDR Kensho's assets and liabilities are reflected in the revenues and expenses on SPDR Kensho's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in SPDR Kensho Clean. Please read more on our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. SPDR Kensho is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether SPDR Kensho Clean is a strong investment it is important to analyze SPDR Kensho's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Kensho's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:Check out the analysis of SPDR Kensho Correlation against competitors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of SPDR Kensho Clean 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 Kensho's value that differs from its market value or its book value, called intrinsic value, which is SPDR Kensho'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 Kensho's market value can be influenced by many factors that don't directly affect SPDR Kensho'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 Kensho's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Kensho is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Kensho'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.