Spdr Gold Shares Etf Price on November 5, 2024
| GLD Etf | USD 245.59 2.10 0.86% |
Below is the normalized historical share price chart for SPDR Gold Shares extending back to November 18, 2004. 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 245.59, as last reported on the 30th of November, with the highest price reaching 245.81 and the lowest price hitting 244.73 during the day.
If you're considering investing in SPDR Etf, it is important to understand the factors that can impact its price. At this point, SPDR Gold is very steady. SPDR Gold Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% 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 coefficient of variation of 1068.73, and Risk Adjusted Performance of 0.0738 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
SPDR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 12.72 | 200 Day MA 223.8276 | 1 y Volatility 8.95 | 50 Day MA 246.3796 | Inception Date 2004-11-18 |
SPDR |
Sharpe Ratio = 0.1065
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| Cash | GLD | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average SPDR Gold is performing at about 8% 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 56.2 K | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
SPDR Gold Valuation on November 5, 2024
It is possible to determine the worth of SPDR Gold on a given historical date. On November 5, 2024 SPDR was worth 253.78 at the beginning of the trading date compared to the closed value of 253.4. 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 | |
| 253.32 | 253.57 | 252.28 | 252.83 | 4,485,211 | |
11/05/2024 | 253.78 | 253.99 | 252.41 | 253.40 | 6,011,089 |
| 245.64 | 247.35 | 244.95 | 245.70 | 14,211,469 |
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SPDR Gold Trading Date Momentum on November 5, 2024
| On November 06 2024 SPDR Gold Shares was traded for 245.70 at the closing time. Highest SPDR Gold's price during the trading hours was 247.35 and the lowest price during the day was 244.95 . The net volume was 14.2 M. The overall trading history on the 6th of November contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.04% . The trading price change to current price is 6.25% . |
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
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.
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 30, 2024
| High |
0.00 | 0.00 |
SPDR Gold Shares 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 November 30, 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 | 0.0738 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.51) |
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| Volume Indicators |
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 bureau of economic analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.