SPGM Stock Summary and Trading Ideas (SPDR Portfolio MSCI Global Stock Market ETF | ARCA:SPGM)

The SPDR Portfolio MSCI Global Stock Market ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index (the "Index"). The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity investment opportunity set.

SPDR Portfolio MSCI Global Stock Market ETF trades on the ARCA stock market under the symbol SPGM.

As of May 3, 2024, SPGM stock price climbed to $58.57 with 18,416 million shares trading.

SPGM has a beta of 0.86, meaning it tends to be less sensitive to market movements. SPGM has a correlation of 0.85 to the broad based SPY ETF.

SPGM has a market cap of $767.27 million. This is considered a Small Cap stock.

In the last 3 years, SPGM stock traded as high as $59.85 and as low as $41.67.

SPGM stock has underperformed the market in the last year with a return of +19.5%, while SPY returned +25.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPGM shares. However, SPGM has outperformed the market in the last 3 month and 2 week periods, returning +4.1% and +2.9%, while SPY returned +3.4% and +2.1%, respectively. This indicates SPGM has been having a stronger performance recently.

SPGM support price is $57.61 and resistance is $58.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPGM stock will trade within this expected range on the day.