Spdr Gold Mini Etf Technical Analysis
| GLDM Etf | USD 98.61 1.29 1.33% |
As of the 23rd of January, SPDR Gold has the risk adjusted performance of 0.1212, and Coefficient Of Variation of 636.56. SPDR Gold technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices. Please validate SPDR Gold Mini jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if SPDR Gold is priced adequately, providing market reflects its prevalent price of 98.61 per share.
SPDR Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SPDR, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SPDRSPDR Gold's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.The market value of SPDR Gold Mini 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.
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 etf 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.
| 10/25/2025 |
| 01/23/2026 |
If you would invest 0.00 in SPDR Gold on October 25, 2025 and sell it all today you would earn a total of 0.00 from holding SPDR Gold Mini or generate 0.0% return on investment in SPDR Gold over 90 days. SPDR Gold is related to or competes with IShares MSCI, WisdomTree Floating, Schwab Fundamental, Vanguard Health, Vanguard Health, Dimensional Equity, and Fidelity Freedom. The Shares are designed for investors who want a cost-effective and convenient way to invest in gold 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 etf 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 Mini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.64 |
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 | 0.1212 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | 0.0355 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.6124 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR Gold January 23, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1212 | |||
| Market Risk Adjusted Performance | 0.6224 | |||
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.42 | |||
| Downside Deviation | 1.72 | |||
| Coefficient Of Variation | 636.56 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.34 | |||
| Information Ratio | 0.0891 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | 0.0355 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.6124 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.64 | |||
| Downside Variance | 2.97 | |||
| Semi Variance | 2.03 | |||
| Expected Short fall | (1.10) | |||
| Skewness | (1.21) | |||
| Kurtosis | 5.17 |
SPDR Gold Mini Backtested Returns
SPDR Gold appears to be very steady, given 3 months investment horizon. SPDR Gold Mini owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the etf had a 0.29 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SPDR Gold Mini, which you can use to evaluate the volatility of the etf. Please review SPDR Gold's coefficient of variation of 636.56, and Risk Adjusted Performance of 0.1212 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. 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.
Auto-correlation | 0.80 |
Very good predictability
SPDR Gold Mini has very good predictability. Overlapping area represents the amount of predictability between SPDR Gold time series from 25th of October 2025 to 9th of December 2025 and 9th of December 2025 to 23rd of January 2026. 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 Mini price movement. The serial correlation of 0.8 indicates that around 80.0% of current SPDR Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 14.41 |
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.
SPDR Gold Mini Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of SPDR Gold Mini volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About SPDR Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of SPDR Gold Mini on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of SPDR Gold Mini based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on SPDR Gold Mini price pattern first instead of the macroeconomic environment surrounding SPDR Gold Mini. By analyzing SPDR Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of SPDR Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to SPDR Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
SPDR Gold January 23, 2026 Technical Indicators
Most technical analysis of SPDR help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for SPDR from various momentum indicators to cycle indicators. When you analyze SPDR charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1212 | |||
| Market Risk Adjusted Performance | 0.6224 | |||
| Mean Deviation | 1.01 | |||
| Semi Deviation | 1.42 | |||
| Downside Deviation | 1.72 | |||
| Coefficient Of Variation | 636.56 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.34 | |||
| Information Ratio | 0.0891 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | 0.0355 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.6124 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.64 | |||
| Downside Variance | 2.97 | |||
| Semi Variance | 2.03 | |||
| Expected Short fall | (1.10) | |||
| Skewness | (1.21) | |||
| Kurtosis | 5.17 |
SPDR Gold Mini One Year Return
Based on the recorded statements, SPDR Gold Mini has an One Year Return of 78%. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Commodities Focused category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.SPDR Gold January 23, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 126,022 | ||
| Daily Balance Of Power | 1.15 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 98.20 | ||
| Day Typical Price | 98.34 | ||
| Price Action Indicator | 1.05 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPDR Gold Mini. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of SPDR Gold Mini 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.