SPDR Gold (Germany) Market Value

GQ9 Stock  EUR 232.30  0.92  0.40%   
SPDR Gold's market value is the price at which a share of SPDR Gold trades on a public exchange. It measures the collective expectations of SPDR Gold Shares investors about its performance. SPDR Gold is trading at 232.30 as of the 22nd of December 2024, a 0.40 percent up since the beginning of the trading day. The stock's lowest day price was 231.12.
With this module, you can estimate the performance of a buy and hold strategy of SPDR Gold Shares and determine expected loss or profit from investing in SPDR Gold over a given investment horizon. Check out SPDR Gold Correlation, SPDR Gold Volatility and SPDR Gold Alpha and Beta module to complement your research on SPDR Gold.
Symbol

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.

SPDR Gold 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR Gold.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in SPDR Gold on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SPDR Gold Shares or generate 0.0% return on investment in SPDR Gold over 60 days. SPDR Gold is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trusts operations More

SPDR Gold Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR Gold Shares upside and downside potential and time the market with a certain degree of confidence.

SPDR Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Gold's standard deviation. In reality, there are many statistical measures that can use SPDR Gold historical prices to predict the future SPDR Gold's volatility.
Hype
Prediction
LowEstimatedHigh
231.32232.30233.28
Details
Intrinsic
Valuation
LowRealHigh
199.81200.79255.53
Details

SPDR Gold Shares Backtested Returns

At this point, SPDR Gold is very steady. SPDR Gold Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Gold Shares, which you can use to evaluate the volatility of the company. Please validate SPDR Gold's risk adjusted performance of 0.1045, and Coefficient Of Variation of 771.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. 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.

Auto-correlation

    
  -0.32  

Poor reverse predictability

SPDR Gold Shares has poor reverse predictability. Overlapping area represents the amount of predictability between SPDR Gold time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPDR Gold Shares price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current SPDR Gold price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.1
Residual Average0.0
Price Variance7.08

SPDR Gold Shares lagged returns against current returns

Autocorrelation, which is SPDR Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR Gold's stock expected returns. We can calculate the autocorrelation of SPDR Gold returns to help us make a trade decision. For example, suppose you find that SPDR Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

SPDR Gold regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Gold stock over time.
   Current vs Lagged Prices   
       Timeline  

SPDR Gold Lagged Returns

When evaluating SPDR Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Gold stock have on its future price. SPDR Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR Gold autocorrelation shows the relationship between SPDR Gold stock current value and its past values and can show if there is a momentum factor associated with investing in SPDR Gold Shares.
   Regressed Prices   
       Timeline  

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Other Information on Investing in SPDR Stock

SPDR Gold financial ratios help investors to determine whether SPDR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR Gold security.