Spdr Gold Mini Etf Market Outlook
| GLDM Etf | USD 100.28 2.22 2.26% |
About 55% of SPDR Gold's investors are presently thinking to get in. The current sentiment regarding investing in SPDR Gold Mini etf implies that some traders are interested. SPDR Gold's investing sentiment overview a quick insight into current market opportunities from investing in SPDR Gold Mini. Many technical investors use SPDR Gold Mini etf news signals to limit their universe of possible portfolio assets and to time the market correctly.
Comfort Level 55
Impartial
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use SPDR Gold's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward SPDR Gold Mini.
News SentimentNeutral | Hype SentimentBullish | Insider SentimentWaiting |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding SPDR Gold Mini is 'Buy'. The recommendation algorithm takes into account all of SPDR Gold's available fundamental, technical, and predictive indicators you will find on this site.
Execute SPDR Gold Advice
The SPDR recommendation should be used to complement the investment advice compiled from the current analysts' consensus on SPDR Gold Mini. Macroaxis does not own or have any residual interests in SPDR Gold Mini or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
For the selected time horizon SPDR Gold Mini has a Risk Adjusted Performance of 0.1383, Jensen Alpha of 0.2942, Total Risk Alpha of 0.1261, Sortino Ratio of 0.0973 and Treynor Ratio of 0.6848Macroaxis provides recommendation on SPDR Gold Mini to complement and cross-verify current analyst consensus on SPDR Gold Mini. Our trade recommendation engine determines the etf's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. Please use SPDR Gold Mini beta and five year return to make buy, hold, or sell decision on SPDR Gold.
SPDR Gold Trading Alerts and Improvement Suggestions
| Latest headline from talkmarkets.com: Golds China Takeover | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
SPDR Gold Returns Distribution Density
The distribution of SPDR Gold's historical returns is an attempt to chart the uncertainty of SPDR Gold's future price movements. The chart of the probability distribution of SPDR Gold daily returns describes the distribution of returns around its average expected value. We use SPDR Gold Mini price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR Gold returns is essential to provide solid investment analysis for SPDR Gold.
| Mean Return | 0.34 | Value At Risk | -2.57 | Potential Upside | 2.99 | Standard Deviation | 2.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SPDR Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SPDR Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Gold or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Gold's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 2.13 | |
Ir | Information ratio | 0.12 |
SPDR Gold Volatility Alert
SPDR Gold Mini currently demonstrates below-average downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.29. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR Gold's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR Gold's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SPDR Gold Fundamentals Vs Peers
Comparing SPDR Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SPDR Gold's direct or indirect competition across all of the common fundamentals between SPDR Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR Gold or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR Gold to competition |
| Fundamentals | SPDR Gold | Peer Average |
| Beta | 0.73 | |
| One Year Return | 73.30 % | (0.97) % |
| Three Year Return | 38.20 % | 3.23 % |
| Five Year Return | 22.10 % | 1.12 % |
| Net Asset | 4.64 B | 2.29 B |
SPDR Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About SPDR Gold Buy or Sell Advice
When is the right time to buy or sell SPDR Gold Mini? Buying financial instruments such as SPDR Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having SPDR Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 18 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alcohol Theme or any other thematic opportunities.
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Check out SPDR Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Understanding SPDR Gold Mini requires distinguishing between market price and book value, where the latter reflects SPDR's accounting equity. The concept of intrinsic value - what SPDR Gold's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push SPDR Gold's price substantially above or below its fundamental 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. In contrast, SPDR Gold's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.