Spdr Galaxy Digital Etf Price on December 10, 2024
| DECO Etf | 38.63 0.12 0.31% |
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. As of today, the current price of SPDR Galaxy stands at 38.63, as last reported on the 15th of December 2024, with the highest price reaching 39.02 and the lowest price hitting 38.63 during the day. SPDR Galaxy appears to be very steady, given 3 months investment horizon. SPDR Galaxy Digital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of volatility over the last 3 months. By examining SPDR Galaxy's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review SPDR Galaxy's risk adjusted performance of 0.1547, and Coefficient Of Variation of 493.31 to confirm if our risk estimates are consistent with your expectations.
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SPDR |
Sharpe Ratio = 0.2028
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Estimated Market Risk
| 3.21 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average SPDR Galaxy is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SPDR Galaxy by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 20.7 K |
SPDR Galaxy Valuation on December 10, 2024
It is possible to determine the worth of SPDR Galaxy on a given historical date. On December 10, 2024 SPDR was worth 37.69 at the beginning of the trading date compared to the closed value of 37.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPDR Galaxy etf. Still, in general, we apply an absolute valuation method to find SPDR Galaxy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SPDR Galaxy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPDR Galaxy's related companies.
| Open | High | Low | Close | Volume | |
| 40.37 | 40.37 | 38.05 | 38.05 | 1,000.00 | |
12/10/2024 | 37.69 | 37.69 | 36.90 | 37.06 | 19,000 |
| 38.51 | 38.60 | 37.87 | 38.56 | 600.00 |
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SPDR Galaxy Trading Date Momentum on December 10, 2024
| On December 11 2024 SPDR Galaxy Digital was traded for 38.56 at the closing time. The top price for the day was 38.60 and the lowest listed price was 37.87 . The trading volume for the day was 600. The trading history from December 11, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 4.05% . The trading price change against the current closing price is 5.29% . |
About SPDR Galaxy Etf history
SPDR Galaxy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SPDR is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SPDR Galaxy Digital will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SPDR Galaxy stock prices may prove useful in developing a viable investing in SPDR Galaxy
SPDR Galaxy Etf Technical Analysis
SPDR Galaxy technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
SPDR Galaxy Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
SPDR Galaxy Digital cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
SPDR Galaxy December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how SPDR Galaxy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPDR Galaxy shares will generate the highest return on investment. By undertsting and applying SPDR Galaxy etf market strength indicators, traders can identify SPDR Galaxy Digital entry and exit signals to maximize returns
SPDR Galaxy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPDR Galaxy's price direction in advance. Along with the technical and fundamental analysis of SPDR Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPDR to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1547 | |||
| Jensen Alpha | 0.4155 | |||
| Total Risk Alpha | 0.2408 | |||
| Sortino Ratio | 0.21 | |||
| Treynor Ratio | 0.2582 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR Galaxy Digital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of SPDR Galaxy Digital 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy'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.