SPDR Gold Financials
| GLD Etf | USD 244.62 1.37 0.56% |
Net Expense Ratio 0.004 | 3 y Sharp Ratio 0.87 |
SPDR |
The data published in SPDR Gold's official financial statements typically reflect SPDR Gold's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving SPDR Gold's quantitative information. For example, before you start analyzing numbers published by SPDR accountants, it's essential to understand SPDR Gold's liquidity, profitability, and earnings quality within the context of the SPDR State Street Global Advisors space in which it operates.
Please note, the presentation of SPDR Gold's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SPDR Gold's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of SPDR Gold's management manipulating its earnings.
SPDR Gold Etf Summary
SPDR Gold competes with IShares Silver, VanEck Gold, SPDR SP, United States, and Energy Select. The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. Gold SPDR is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US78463V1070 |
| CUSIP | 78463V107 863307104 |
| Region | Global |
| Investment Issuer | SSgA |
| Etf Family | SPDR State Street Global Advisors |
| Fund Category | Precious Metals |
| Portfolio Concentration | Gold |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SPDR Gold Key Financial Ratios
SPDR Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Gold's current stock value. Our valuation model uses many indicators to compare SPDR Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR Gold competition to find correlations between indicators driving SPDR Gold's intrinsic value. More Info.SPDR Gold Shares is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in beta as compared to similar ETFs totaling about 0.01 of Beta per Price To Earning. The ratio of Price To Earning to Beta for SPDR Gold Shares is roughly 183.07 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SPDR Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.SPDR Gold Shares Systematic Risk
SPDR Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SPDR Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on SPDR Gold Shares correlated with the market. If Beta is less than 0 SPDR Gold generally moves in the opposite direction as compared to the market. If SPDR Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SPDR Gold Shares is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SPDR Gold is generally in the same direction as the market. If Beta > 1 SPDR Gold moves generally in the same direction as, but more than the movement of the benchmark.
About SPDR Gold Financials
What exactly are SPDR Gold Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include SPDR Gold's income statement, its balance sheet, and the statement of cash flows. Potential SPDR Gold investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SPDR Gold investors may use each financial statement separately, they are all related. The changes in SPDR Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SPDR Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.SPDR Gold Thematic Clasifications
SPDR Gold Shares is part of several thematic ideas from Investor Favorites to Baby Boomer Prospects. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasSPDR Gold November 21, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SPDR Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPDR Gold Shares. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPDR Gold Shares based on widely used predictive technical indicators. In general, we focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SPDR Gold's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.974 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.8 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.55 |
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 bureau of economic analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of SPDR Gold Shares 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.