Spdr Gold Minishares Etf Probability of Future Etf Price Finishing Under 49.42
| GLDM Etf | USD 53.89 0.55 1.03% |
SPDR |
SPDR Gold Target Price Odds to finish below 49.42
The tendency of SPDR Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 49.42 or more in 90 days |
| 53.89 | 90 days | 49.42 | near 1 |
Based on a normal probability distribution, the odds of SPDR Gold to drop to $ 49.42 or more in 90 days from now is near 1 (This SPDR Gold MiniShares probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) . Probability of SPDR Gold MiniShares price to stay between $ 49.42 and its current price of $53.89 at the end of the 90-day period is about 85.91 .
Given the investment horizon of 90 days SPDR Gold MiniShares has a beta of -0.23. This usually indicates as returns on the benchmark increase, returns on holding SPDR Gold are expected to decrease at a much lower rate. During a bear market, however, SPDR Gold MiniShares is likely to outperform the market. Additionally SPDR Gold MiniShares has an alpha of 0.1304, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SPDR Gold Price Density |
| Price |
Predictive Modules for SPDR Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPDR Gold MiniShares. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SPDR Gold is not an exception. The market had few large corrections towards the SPDR Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold SPDR Gold MiniShares, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SPDR Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 1.24 | |
Ir | Information ratio | -0.01 |
SPDR Gold Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of SPDR Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SPDR Gold MiniShares can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from benzinga.com: Go For Gold, Says Goldman Sachs Precious Yellow Metal Price Would Rise In 2025 Amid Central Bank Buying, Fed Rate Cuts | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
SPDR Gold Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of SPDR Etf often depends not only on the future outlook of the current and potential SPDR Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. SPDR Gold's indicators that are reflective of the short sentiment are summarized in the table below.
SPDR Gold Technical Analysis
SPDR Gold's future price can be derived by breaking down and analyzing its technical indicators over time. SPDR Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SPDR Gold MiniShares. In general, you should focus on analyzing SPDR Etf price patterns and their correlations with different microeconomic environments and drivers.
SPDR Gold Predictive Forecast Models
SPDR Gold's time-series forecasting models is one of many SPDR Gold's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary SPDR Gold's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about SPDR Gold MiniShares
Checking the ongoing alerts about SPDR Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SPDR Gold MiniShares help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from benzinga.com: Go For Gold, Says Goldman Sachs Precious Yellow Metal Price Would Rise In 2025 Amid Central Bank Buying, Fed Rate Cuts | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out SPDR Gold Backtesting, Portfolio Optimization, SPDR Gold Correlation, SPDR Gold Hype Analysis, SPDR Gold Volatility, SPDR Gold History as well as SPDR Gold Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.