Spdr Gold Minishares Etf Price on December 3, 2024

GLDM Etf  USD 53.77  0.43  0.81%   
Below is the normalized historical share price chart for SPDR Gold MiniShares extending back to June 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of SPDR Gold stands at 53.77, as last reported on the 11th of December 2024, with the highest price reaching 53.77 and the lowest price hitting 53.34 during the day.
3 y Volatility
12.95
200 Day MA
48.4079
1 y Volatility
10.63
50 Day MA
52.863
Inception Date
2018-06-25
 
Covid
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. As of now, SPDR Etf is very steady. SPDR Gold MiniShares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the etf had a 0.0859% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Gold MiniShares, which you can use to evaluate the volatility of the etf. Please validate SPDR Gold's risk adjusted performance of 0.0849, and Coefficient Of Variation of 879.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.0859%.
  
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0859

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Estimated Market Risk

 1.0
  actual daily
8
92% of assets are more volatile

Expected Return

 0.09
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
6
94% of assets perform better
Based on monthly moving average SPDR Gold is performing at about 6% 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 Gold by adding it to a well-diversified portfolio.
Average Mkt Cap Mil
No Data

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SPDR Gold Valuation on December 3, 2024

It is possible to determine the worth of SPDR Gold on a given historical date. On December 3, 2024 SPDR was worth 52.56 at the beginning of the trading date compared to the closed value of 52.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPDR Gold etf. Still, in general, we apply an absolute valuation method to find SPDR Gold'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 Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPDR Gold's related companies.
 Open High Low Close Volume
  52.47    52.49    52.18    52.25    2,473,337  
12/03/2024
  52.56    52.61    52.23    52.34    1,773,247  
  52.56    52.64    52.45    52.50    2,823,651  
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Open Value
52.56
52.34
Closing Value
55.56
Upside

SPDR Gold Trading Date Momentum on December 3, 2024

On December 04 2024 SPDR Gold MiniShares was traded for  52.50  at the closing time. The top price for the day was 52.64  and the lowest listed price was  52.45 . The trading volume for the day was 2.8 M. The trading history from December 4, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.31% . The trading price change against the current closing price is 1.91% .

SPDR Gold MiniShares Fundamentals Correlations and Trends

By evaluating SPDR Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SPDR Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SPDR financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SPDR Gold Etf history

SPDR Gold 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 Gold MiniShares 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 Gold stock prices may prove useful in developing a viable investing in SPDR Gold

SPDR Gold Etf Technical Analysis

SPDR Gold 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.
A focus of SPDR Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPDR Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SPDR Gold Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

SPDR Gold MiniShares cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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 Gold December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how SPDR Gold 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 Gold shares will generate the highest return on investment. By undertsting and applying SPDR Gold etf market strength indicators, traders can identify SPDR Gold MiniShares entry and exit signals to maximize returns

SPDR Gold Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SPDR Gold'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.
When determining whether SPDR Gold MiniShares is a strong investment it is important to analyze SPDR Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SPDR Gold's future performance. For an informed investment choice regarding SPDR Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold MiniShares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.