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SPHY
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
3.02B

SPHY SPDR® Portfolio High Yield Bond ETF Forecast, Technical & Fundamental Analysis

Category HighYieldBond
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPHY with price predictions
07:00 PM EST Dec 04, 2023

SPHY in upward trend: 10-day moving average crossed above 50-day moving average on November 08, 2023

The 10-day moving average for SPHY crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on SPHY as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

SPHY moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPHY advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 344 cases where SPHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPHY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPHY broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of ICE BofA U.S. High Yield Index. The fund 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. The index is designed to measure the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.

Market Cap

The average market capitalization across the SPDR® Portfolio High Yield Bond ETF ETF is 1.11B. The market cap for tickers in the group ranges from 4.52M to 4.52M. MNK holds the highest valuation in this group at 4.52M. The lowest valued company is MNK at 4.52M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® Portfolio High Yield Bond ETF ETF was 1%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was 5%. BTE experienced the highest price growth at -8%, while BTE experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the SPDR® Portfolio High Yield Bond ETF ETF was -71%. For the same stocks of the ETF, the average monthly volume growth was -80% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 100
Price Growth Rating: 44
SMR Rating: 56
Profit Risk Rating: 100
Seasonality Score: 42 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category HighYieldBond

Profile
Fundamentals
Details
Category
High Yield Bond
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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SPHY and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPHY has been closely correlated with HYG. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPHY jumps, then HYG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPHY
1D Price
Change %
SPHY100%
+0.07%
HYG - SPHY
98%
Closely correlated
+0.13%
JNK - SPHY
98%
Closely correlated
+0.14%
USHY - SPHY
98%
Closely correlated
+0.11%
HYLB - SPHY
98%
Closely correlated
+0.11%
SHYG - SPHY
97%
Closely correlated
+0.04%
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