SPDR Gold (Germany) Price on November 18, 2024
| GQ9 Etf | EUR 230.92 0.09 0.04% |
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 Gold stands at 230.92, as last reported on the 26th of November, with the highest price reaching 230.92 and the lowest price hitting 229.94 during the day. Currently, SPDR Gold Shares is very steady. SPDR Gold Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SPDR Gold Shares, which you can use to evaluate the volatility of the etf. Please validate SPDR Gold's risk adjusted performance of 0.1332, and Coefficient Of Variation of 581.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SPDR |
Sharpe Ratio = 0.1902
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Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average SPDR Gold is performing at about 14% 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.
SPDR Gold Valuation on November 18, 2024
It is possible to determine the worth of SPDR Gold on a given historical date. On November 18, 2024 SPDR was worth 225.34 at the beginning of the trading date compared to the closed value of 227.38. 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 | |
| 222.95 | 223.87 | 222.95 | 223.87 | 1.00 | |
11/18/2024 | 225.34 | 227.38 | 225.34 | 227.38 | 1.00 |
| 227.70 | 228.04 | 227.70 | 228.04 | 1.00 |
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SPDR Gold Trading Date Momentum on November 18, 2024
| On November 19 2024 SPDR Gold Shares was traded for 228.04 at the closing time. The maximum traded price for the trading interval was 228.04 and the lowest daily price was 227.70 . There was no trading activity during the period 1.0. Lack of trading volume on 19th of November 2024 played a part in the next trading day price appreciation. The overall trading delta to the next closing price was 0.29% . The trading price change to the closing price today is 1.13% . |
SPDR Gold Shares 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 Shares 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.
Price Boundaries
SPDR Gold Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
SPDR Gold Shares cannot be verified against its exchange. Please verify the symbol is currently traded on Munich 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 November 26, 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 Shares 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.
| Risk Adjusted Performance | 0.1332 | |||
| Jensen Alpha | 0.156 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | 0.0312 | |||
| Treynor Ratio | (3.07) |
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| Volume Indicators |
Additional Information and Resources on Investing in SPDR Etf
When determining whether SPDR Gold Shares 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 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 board of governors. 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..