SPDR Gold Variance
| GLD Etf | | | USD 404.04 -9.34 -2.26% |
The Variance indicator for SPDR Gold is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. SPDR Gold has a market cap of 42.49 B. See
Risk vs Return Analysis for portfolio-level analysis. SPDR Gold Shares can be tracked within a custom portfolio for ongoing monitoring. Portfolio construction methods define how positions are sized relative to each other. Broader economic conditions can influence SPDR Gold Shares's etf valuation — related indicators include
signals in board of governors.
SPDR Gold Shares has current Variance of 6.14. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 6.14 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
SPDR Gold Shares leads all etfs for variance among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Variance ratio near
2.30 . The Maximum Drawdown to Variance ratio for SPDR Gold Shares comes in at
2.30 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare SPDR Gold to Peers
Other Technical Indicators