SPDR Gold (Germany) Price on October 20, 2023

GQ9 Etf  EUR 238.12  2.86  1.22%   
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. As of today, the current price of SPDR Gold stands at 238.12, as last reported on the 12th of December 2024, with the highest price reaching 238.12 and the lowest price hitting 235.29 during the day. Currently, SPDR Gold Shares is very steady. SPDR Gold Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SPDR Gold Shares, which you can use to evaluate the volatility of the etf. Please validate SPDR Gold's coefficient of variation of 444.84, and Risk Adjusted Performance of 0.1648 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
  
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1879

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Estimated Market Risk

 0.99
  actual daily
8
92% of assets are more volatile

Expected Return

 0.19
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average SPDR Gold is performing at about 14% of its full potential. 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 it to a well-diversified portfolio.

SPDR Gold Valuation on October 20, 2023

It is possible to determine the worth of SPDR Gold on a given historical date. On October 20, 2023 SPDR was worth 172.57 at the beginning of the trading date compared to the closed value of 172.57. 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
  170.58    170.58    170.58    170.58    50.00  
10/20/2023
  172.57    172.57    172.57    172.57    50.00  
  172.38    172.38    172.38    172.38    50.00  
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Open Value
172.57
169.59
Downside
172.57
Closing Value
175.55
Upside

SPDR Gold Trading Date Momentum on October 20, 2023

On October 23 2023 SPDR Gold Shares was traded for  172.38  at the closing time. The maximum traded price for the trading interval was 172.38  and the lowest daily price was  172.38 . The daily volume was recorded at 50.0. The volume of trading on 23rd of October 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.11% . The trading price change to the closing price today is 0.99% .

SPDR Gold Shares 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 Shares 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.
A focus of SPDR Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SPDR Gold Period Price Range

Low
December 12, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

SPDR Gold Shares cannot be verified against its exchange. Please verify the symbol is currently traded on Munich 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 12, 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 Shares 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.

Additional Information and Resources on Investing in SPDR Etf

When determining whether SPDR Gold Shares is a strong investment it is important to analyze SPDR Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Gold's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold Shares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.