SPDR Gold Three Year Return vs. Ten Year Return
| GQ9 Stock | EUR 231.70 0.27 0.12% |
For SPDR Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SPDR Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SPDR Gold Shares utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SPDR Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SPDR Gold Shares over time as well as its relative position and ranking within its peers.
SPDR |
SPDR Gold Shares Ten Year Return vs. Three Year Return Fundamental Analysis
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. SPDR Gold Shares is one of the top stocks in three year return category among its peers. It also is one of the top stocks in ten year return category among its peers reporting about 0.87 of Ten Year Return per Three Year Return. The ratio of Three Year Return to Ten Year Return for SPDR Gold Shares is roughly 1.15 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SPDR Gold's earnings, one of the primary drivers of an investment's value.SPDR Ten Year Return vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
SPDR Gold |
| = | 4.27 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
SPDR Gold |
| = | 3.72 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
SPDR Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SPDR Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SPDR Gold will eventually generate negative long term returns. The profitability progress is the general direction of SPDR Gold's change in net profit over the period of time. It can combine multiple indicators of SPDR Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Berlin Stock Exchange in Germany.
SPDR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SPDR Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of SPDR Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the SPDR Gold's important profitability drivers and their relationship over time.
Use SPDR Gold in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR Gold will appreciate offsetting losses from the drop in the long position's value.SPDR Gold Pair Trading
SPDR Gold Shares Pair Trading Analysis
The ability to find closely correlated positions to SPDR Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Gold Shares to buy it.
The correlation of SPDR Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Gold Shares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your SPDR Gold position
In addition to having SPDR Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Banks - Regional Thematic Idea Now
Banks - Regional
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banks - Regional theme has 19 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banks - Regional Theme or any other thematic opportunities.
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Other Information on Investing in SPDR Stock
To fully project SPDR Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SPDR Gold Shares at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include SPDR Gold's income statement, its balance sheet, and the statement of cash flows.