SPDR Bloomberg (Netherlands) Profile
| GOVA Etf | EUR 24.73 0.10 0.40% |
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SPDR Bloomberg is selling for under 24.73 as of the 1st of May 2024; that is -0.4 percent down since the beginning of the trading day. The etf's lowest day price was 24.73. SPDR Bloomberg has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for SPDR Bloomberg Euro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2023 and ending today, the 1st of May 2024. Click here to learn more.
SPDR 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. SPDR Bloomberg's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Bloomberg or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | null, State Street Global Advisors Ltd (View all Sectors) |
SPDR Bloomberg Euro [GOVA] is traded in Netherlands and was established 2020-11-18. The fund is listed under null category and is part of State Street Global Advisors Ltd family. SPDR Bloomberg Euro currently have 1.33 B in assets under management (AUM).
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SPDR Bloomberg Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of SPDR Bloomberg jumping above the current price in 90 days from now is about 90.88%. The SPDR Bloomberg Euro probability density function shows the probability of SPDR Bloomberg etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon SPDR Bloomberg has a beta of 0.0382. This usually indicates as returns on the market go up, SPDR Bloomberg average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Bloomberg Euro will be expected to be much smaller as well. Additionally, sPDR Bloomberg Euro has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of SPDR Bloomberg to move above the current price in 90 days from now is about 90.88 (This SPDR Bloomberg Euro probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR Bloomberg Euro Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR Bloomberg market risk premium is the additional return an investor will receive from holding SPDR Bloomberg 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 Bloomberg. 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 Bloomberg's alpha and beta are two of the key measurements used to evaluate SPDR Bloomberg's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2727 | |||
| Standard Deviation | 0.3462 | |||
| Variance | 0.1199 | |||
| Risk Adjusted Performance | (0.02) |
SPDR Bloomberg Euro Technical Analysis
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The output start index for this execution was zero with a total number of output elements of sixty-one. SPDR Bloomberg Euro Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe SPDR Bloomberg price patterns.
SPDR Bloomberg Against Markets
Picking the right benchmark for SPDR Bloomberg 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 Bloomberg 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 Bloomberg is critical whether you are bullish or bearish towards SPDR Bloomberg Euro at a given time. Please also check how SPDR Bloomberg's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR Bloomberg 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.Did you try this?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
How to buy SPDR Etf?
Before investing in SPDR Bloomberg, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR Bloomberg. To buy SPDR Bloomberg etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR Bloomberg. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR Bloomberg etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR Bloomberg Euro etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR Bloomberg Euro etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR Bloomberg Euro, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in SPDR Bloomberg Euro?
The danger of trading SPDR Bloomberg Euro 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 Bloomberg 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 Bloomberg. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Bloomberg Euro 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Bloomberg Euro. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Please note, there is a significant difference between SPDR Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Bloomberg'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.