SPDR Gold (Germany) Performance
| GQ9 Etf | EUR 231.93 2.62 1.14% |
The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPDR Gold are expected to decrease at a much lower rate. During the bear market, SPDR Gold is likely to outperform the market.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in SPDR Gold Shares are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, SPDR Gold may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| Fifty Two Week Low | 100.43 | |
| Fifty Two Week High | 121.42 |
SPDR |
SPDR Gold Relative Risk vs. Return Landscape
If you would invest 20,678 in SPDR Gold Shares on September 3, 2024 and sell it today you would earn a total of 2,515 from holding SPDR Gold Shares or generate 12.16% return on investment over 90 days. SPDR Gold Shares is generating 0.1961% of daily returns assuming 0.9642% volatility of returns over the 90 days investment horizon. Simply put, 8% of all etfs have less volatile historical return distribution than SPDR Gold, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SPDR Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR Gold Shares, and traders can use it to determine the average amount a SPDR Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2033
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average SPDR Gold is performing at about 16% 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 Fundamentals Growth
SPDR Etf prices reflect investors' perceptions of the future prospects and financial health of SPDR Gold, and SPDR Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SPDR Etf performance.
| Total Asset | 29.81 B | |||
About SPDR Gold Performance
Assessing SPDR Gold's fundamental ratios provides investors with valuable insights into SPDR Gold's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the SPDR Gold is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trusts operations. SPDR GOLD is traded on Munich Stock Exchange in Germany.| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.