Spdr Gold Minishares Etf Price on July 16, 2024
| GLDM Etf | USD 52.19 0.35 0.68% |
Below is the normalized historical share price chart for SPDR Gold MiniShares extending back to June 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of SPDR Gold stands at 52.19, as last reported on the 27th of December, with the highest price reaching 52.28 and the lowest price hitting 51.99 during the day.
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. As of now, SPDR Etf is very steady. SPDR Gold MiniShares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0069, which indicates the etf had a 0.0069% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for SPDR Gold MiniShares, which you can use to evaluate the volatility of the etf. Please validate SPDR Gold's risk adjusted performance of (0.01), and Variance of 0.9941 to confirm if the risk estimate we provide is consistent with the expected return of 0.007%.
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 12.95 | 200 Day MA 48.982 | 1 y Volatility 10.63 | 50 Day MA 52.863 | Inception Date 2018-06-25 |
SPDR |
Sharpe Ratio = 0.0069
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| Negative Returns | GLDM |
Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPDR Gold is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SPDR Gold by adding SPDR Gold to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
SPDR Gold Valuation on July 16, 2024
It is possible to determine the worth of SPDR Gold on a given historical date. On July 16, 2024 SPDR was worth 48.33 at the beginning of the trading date compared to the closed value of 48.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPDR Gold etf. Still, in general, we apply an absolute valuation method to find SPDR Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SPDR Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPDR Gold's related companies.
| Open | High | Low | Close | Volume | |
| 47.88 | 48.34 | 47.80 | 47.98 | 1,888,321 | |
07/16/2024 | 48.33 | 48.94 | 48.29 | 48.94 | 2,456,600 |
| 49.04 | 49.22 | 48.60 | 48.71 | 3,301,480 |
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SPDR Gold Trading Date Momentum on July 16, 2024
| On July 17 2024 SPDR Gold MiniShares was traded for 48.71 at the closing time. The top price for the day was 49.22 and the lowest listed price was 48.60 . The trading volume for the day was 3.3 M. The trading history from July 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.47% . The trading price change against the current closing price is 3.64% . |
SPDR Gold MiniShares Fundamentals Correlations and Trends
By evaluating SPDR Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SPDR Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SPDR financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SPDR Gold Etf history
SPDR Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SPDR is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SPDR Gold MiniShares will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SPDR Gold stock prices may prove useful in developing a viable investing in SPDR Gold
SPDR Gold Etf Technical Analysis
SPDR Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
SPDR Gold Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
SPDR Gold MiniShares cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SPDR Gold December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how SPDR Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPDR Gold shares will generate the highest return on investment. By undertsting and applying SPDR Gold etf market strength indicators, traders can identify SPDR Gold MiniShares entry and exit signals to maximize returns
SPDR Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPDR Gold's price direction in advance. Along with the technical and fundamental analysis of SPDR Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPDR to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.20) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold MiniShares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of SPDR Gold MiniShares 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold'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 Gold's market value can be influenced by many factors that don't directly affect SPDR Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold'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.