(SPSM) SPDR Portfolio S&P 600 - Ratings and Ratios

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is designed to track the performance of the S&P SmallCap 600 Index, which represents the small-capitalization segment of the US equity market. Under normal market conditions, the fund invests at least 80% of its total assets in the securities comprising the index, providing investors with broad exposure to the small-cap universe.

As a Small Blend ETF, SPSM offers a diversified portfolio of small-cap stocks, which are often characterized by their potential for growth and higher volatility. The funds underlying index is widely regarded as a benchmark for the small-cap segment, comprising companies with market capitalizations that are generally considered too small to be included in the S&P 500 or S&P MidCap 400 indices.

Analyzing the funds recent price movements, we can observe that it is currently trading above its 20-day simple moving average (SMA20) of $41.39, indicating a short-term uptrend. The 50-day simple moving average (SMA50) is $39.82, suggesting that the fund has been trending upwards over the medium term. However, the 200-day simple moving average (SMA200) is $43.64, indicating that the fund is still below its long-term trend. The Average True Range (ATR) of 0.71, or 1.70%, suggests moderate volatility.

Considering the funds assets under management (AUM) of $10.77 billion, we can infer that SPSM is a relatively liquid and widely-held ETF. This, combined with its diversified portfolio and low costs, makes it an attractive option for investors seeking exposure to the small-cap segment.

Forecasting the funds future performance, we can expect SPSM to continue its short-term uptrend if it maintains its position above the SMA20. However, if the fund were to break below this level, it could be a sign of a reversal. In the long term, the funds performance is likely to be influenced by the overall direction of the US equity market, as well as the performance of the small-cap segment. Given the current technical and fundamental data, a reasonable forecast would be for SPSM to trade in the range of $45-$55 over the next 6-12 months, assuming a continued recovery in the small-cap segment and a stable market environment.