SPDR Gold (Germany) Performance
| GQ9 Stock | EUR 232.30 0.92 0.40% |
SPDR Gold has a performance score of 8 on a scale of 0 to 100. The entity has a beta of -0.0313, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR Gold are expected to decrease at a much lower rate. During the bear market, SPDR Gold is likely to outperform the market. SPDR Gold Shares currently has a risk of 0.98%. Please validate SPDR Gold mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if SPDR Gold will be following its existing price patterns.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR Gold Shares are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain basic indicators, SPDR Gold may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
SPDR |
SPDR Gold Relative Risk vs. Return Landscape
If you would invest 21,830 in SPDR Gold Shares on September 23, 2024 and sell it today you would earn a total of 1,400 from holding SPDR Gold Shares or generate 6.41% return on investment over 90 days. SPDR Gold Shares is generating 0.1019% of daily returns assuming 0.9793% volatility of returns over the 90 days investment horizon. Simply put, 8% of all stocks have less volatile historical return distribution than SPDR Gold, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SPDR Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as SPDR Gold Shares, and traders can use it to determine the average amount a SPDR Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1041
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | GQ9 | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average SPDR Gold is performing at about 8% 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 Fundamentals Growth
SPDR Stock prices reflect investors' perceptions of the future prospects and financial health of SPDR Gold, and SPDR Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Stock performance.
| Total Asset | 29.81 B | |||
About SPDR Gold Performance
By analyzing SPDR Gold's fundamental ratios, stakeholders can gain valuable insights into SPDR Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SPDR Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if SPDR Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trusts operations. SPDR GOLD is traded on Berlin Stock Exchange in Germany.Things to note about SPDR Gold Shares performance evaluation
Checking the ongoing alerts about SPDR Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for SPDR Gold Shares help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating SPDR Gold's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate SPDR Gold's stock performance include:- Analyzing SPDR Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether SPDR Gold's stock is overvalued or undervalued compared to its peers.
- Examining SPDR Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating SPDR Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of SPDR Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of SPDR Gold's stock. These opinions can provide insight into SPDR Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for SPDR Stock analysis
When running SPDR Gold's price analysis, check to measure SPDR Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR Gold is operating at the current time. Most of SPDR Gold's value examination focuses on studying past and present price action to predict the probability of SPDR Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPDR Gold's price. Additionally, you may evaluate how the addition of SPDR Gold to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |