SPDR Gold Financial Statements From 2010 to 2024
| GLD Etf | USD 243.49 0.54 0.22% |
Check SPDR Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SPDR Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . SPDR financial statements analysis is a perfect complement when working with SPDR Gold Valuation or Volatility modules.
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SPDR Gold Shares ETF Price To Earning Analysis
SPDR Gold's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current SPDR Gold Price To Earning | 27.46 X |
Most of SPDR Gold's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR Gold Shares is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, SPDR Gold Shares has a Price To Earning of 27.46 times. This is 303.82% higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Commodities Focused category. The price to earning for all United States etfs is notably lower than that of the firm.
SPDR Gold Shares Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPDR Gold's current stock value. Our valuation model uses many indicators to compare SPDR Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPDR Gold competition to find correlations between indicators driving SPDR Gold's intrinsic value. More Info.SPDR Gold Shares is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in beta as compared to similar ETFs totaling about 0.01 of Beta per Price To Earning. The ratio of Price To Earning to Beta for SPDR Gold Shares is roughly 183.07 . Comparative valuation analysis is a catch-all technique that is used if you cannot value SPDR Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About SPDR Gold Financial Statements
SPDR Gold stakeholders use historical fundamental indicators, such as SPDR Gold's revenue or net income, to determine how well the company is positioned to perform in the future. Although SPDR Gold investors may analyze each financial statement separately, they are all interrelated. For example, changes in SPDR Gold's assets and liabilities are reflected in the revenues and expenses on SPDR Gold's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in SPDR Gold Shares. Please read more on our technical analysis and fundamental analysis pages.
The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. Gold SPDR is traded on NYSEARCA Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 the analysis of SPDR Gold Correlation against competitors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of SPDR Gold Shares 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.