SPDR Gold Financial Statements From 2010 to 2024
| GLDM Etf | USD 52.04 1.58 2.95% |
Check SPDR Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . SPDR financial statements analysis is a perfect complement when working with SPDR Gold Valuation or Volatility modules.
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SPDR Gold MiniShares ETF Beta Analysis
SPDR Gold's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SPDR Gold Beta | 0.15 |
Most of SPDR Gold's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Gold MiniShares is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, SPDR Gold MiniShares has a Beta of 0.15. This is 44.44% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Commodities Focused category. The beta for all United States etfs is notably lower than that of the firm.
About SPDR Gold Financial Statements
SPDR Gold investors utilize fundamental indicators, such as revenue or net income, to predict how SPDR Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The Shares are designed for investors who want a cost-effective and convenient way to invest in gold. SPDR Gold is traded on NYSEARCA Exchange in the United States.
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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.