Spdr Gold Minishares Etf Profile
| GLDM Etf | USD 47.35 0.16 0.34% |
Performance26 of 100
| Odds Of DistressLess than 9
|
SPDR Gold is selling at 47.35 as of the 20th of April 2024; that is 0.34% increase since the beginning of the trading day. The etf's lowest day price was 47.15. SPDR Gold has less than a 9 % chance of experiencing financial distress in the next few years and had a strong performance during the last 90 days. Equity ratings for SPDR Gold MiniShares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of February 2023 and ending today, the 20th of April 2024. Click here to learn more.
The Shares are designed for investors who want a cost-effective and convenient way to invest in gold. SPDR Gold is traded on NYSEARCA Exchange in the United States. More on SPDR Gold MiniShares
Moving together with SPDR Etf
| 1.0 | GLD | SPDR Gold Shares | PairCorr |
| 1.0 | IAU | iShares Gold Trust | PairCorr |
| 0.98 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.99 | SGOL | abrdn Physical Gold | PairCorr |
| 0.89 | USO | United States Oil | PairCorr |
| 0.94 | DBA | Invesco DB Agriculture | PairCorr |
SPDR Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPDR Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPDR Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Gold ETFs, Precious Metals ETFs, Commodities Focused, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2018-06-25 |
| Benchmark | Gold - London PM Gold Price |
| Entity Type | Grantor Trust |
| Asset Under Management | 7.68 Billion |
| Average Trading Valume | 5.26 Million |
| Asset Type | Commodities |
| Category | Precious Metals |
| Focus | Gold |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | BNY Mellon Asset Servicing |
| Advisor | WGC USA Asset Management Company, LLC |
| Custodian | ICBC Standard Bank Plc |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Transfer Agent | BNY Mellon Asset Servicing |
| Trustee | Delaware Trust Company |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 2.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.1 |
| Management Fee | 0.1 |
| Country Name | USA |
| Returns Y T D | 15.35 |
| Name | SPDR Gold MiniShares |
| Currency Code | USD |
| Open Figi | BBG00L8YYP89 |
| In Threey Volatility | 14.07 |
| 1y Volatility | 12.29 |
| 200 Day M A | 40.0215 |
| 50 Day M A | 43.094 |
| Code | GLDM |
| Updated At | 20th of April 2024 |
| Currency Name | US Dollar |
SPDR Gold MiniShares [GLDM] is traded in USA and was established 2018-06-25. The fund is listed under Commodities Focused category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as Gold ETFs. SPDR Gold MiniShares currently have 4.64 B in assets under management (AUM). , while the total return for the last 3 years was 10.1%.
Check SPDR Gold Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR Gold MiniShares Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
SPDR Gold Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of SPDR Gold jumping above the current price in 90 days from now is roughly 2.62%. The SPDR Gold MiniShares probability density function shows the probability of SPDR Gold etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPDR Gold has a beta of 0.1421. This usually indicates as returns on the market go up, SPDR Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPDR Gold MiniShares will be expected to be much smaller as well. Additionally, sPDR Gold MiniShares has an alpha of 0.2342, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPDR Gold to move above the current price in 90 days from now is roughly 2.62 (This SPDR Gold MiniShares probability density function shows the probability of SPDR Etf to fall within a particular range of prices over 90 days) .
SPDR Gold Top Holders
| DBITX | Deutsche Global Macro | Mutual Fund | Macro Trading |
| RAPRX | Cohen Steers Real | Mutual Fund | World Allocation |
| DBIWX | Dws Global Macro | Mutual Fund | Macro Trading |
| PWRCX | Power Income Fund | Mutual Fund | Nontraditional Bond |
| RAPCX | Cohen Steers Real | Mutual Fund | World Allocation |
| DBICX | Deutsche Global Macro | Mutual Fund | Macro Trading |
| MGINX | Deutsche Global Macro | Mutual Fund | Macro Trading |
SPDR Gold MiniShares Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPDR Gold market risk premium is the additional return an investor will receive from holding SPDR Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SPDR Gold's alpha and beta are two of the key measurements used to evaluate SPDR Gold's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.2106 | |||
| Jensen Alpha | 0.2342 | |||
| Total Risk Alpha | 0.1529 | |||
| Sortino Ratio | 0.2684 |
SPDR Gold Against Markets
Picking the right benchmark for SPDR Gold etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPDR Gold etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPDR Gold is critical whether you are bullish or bearish towards SPDR Gold MiniShares at a given time. Please also check how SPDR Gold's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPDR Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy SPDR Etf?
Before investing in SPDR Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPDR Gold. To buy SPDR Gold etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPDR Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPDR Gold etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPDR Gold MiniShares etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPDR Gold MiniShares etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as SPDR Gold MiniShares, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPDR Etf please use our How to Invest in SPDR Gold guide.
Already Invested in SPDR Gold MiniShares?
The danger of trading SPDR Gold MiniShares is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPDR Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPDR Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPDR Gold MiniShares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPDR Gold MiniShares 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 MiniShares. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the SPDR Gold MiniShares information on this page should be used as a complementary analysis to other SPDR Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of SPDR Gold MiniShares 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.