SPDR Gold (Germany) Market Value
| GQ9 Stock | EUR 231.43 0.00 0.00% |
| Symbol | SPDR |
SPDR Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SPDR Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SPDR Gold.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in SPDR Gold on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding SPDR Gold Shares or generate 0.0% return on investment in SPDR Gold over 720 days. SPDR Gold is related to or competes with Insteel Industries, BlueScope Steel, APPLIED MATERIALS, RELIANCE STEEL, Hyster Yale, and ALGOMA STEEL. The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trusts operations More
SPDR Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SPDR Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SPDR Gold Shares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0706 | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.49 |
SPDR Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPDR Gold's standard deviation. In reality, there are many statistical measures that can use SPDR Gold historical prices to predict the future SPDR Gold's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.1086 | |||
| Total Risk Alpha | 0.059 | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | 1.27 |
SPDR Gold Shares Backtested Returns
At this point, SPDR Gold is very steady. SPDR Gold Shares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for SPDR Gold Shares, which you can use to evaluate the volatility of the company. Please validate SPDR Gold's coefficient of variation of 800.48, and Risk Adjusted Performance of 0.1011 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. SPDR Gold has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0887, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPDR Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPDR Gold is expected to be smaller as well. SPDR Gold Shares currently has a risk of 1.0%. Please validate SPDR Gold downside deviation, information ratio, and the relationship between the semi deviation and variance , to decide if SPDR Gold will be following its existing price patterns.
Auto-correlation | 0.57 |
Modest predictability
SPDR Gold Shares has modest predictability. Overlapping area represents the amount of predictability between SPDR Gold time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPDR Gold Shares price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current SPDR Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 380.32 |
SPDR Gold Shares lagged returns against current returns
Autocorrelation, which is SPDR Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SPDR Gold's stock expected returns. We can calculate the autocorrelation of SPDR Gold returns to help us make a trade decision. For example, suppose you find that SPDR Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SPDR Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SPDR Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPDR Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPDR Gold stock over time.
Current vs Lagged Prices |
| Timeline |
SPDR Gold Lagged Returns
When evaluating SPDR Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPDR Gold stock have on its future price. SPDR Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SPDR Gold autocorrelation shows the relationship between SPDR Gold stock current value and its past values and can show if there is a momentum factor associated with investing in SPDR Gold Shares.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in SPDR Stock
SPDR Gold financial ratios help investors to determine whether SPDR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPDR with respect to the benefits of owning SPDR Gold security.