SPDR Gold Total Risk Alpha
| GLDM Etf | | | USD 90.90 -4.91 -5.12% |
Observed values used to calculate the Total Risk Alpha technical indicator for SPDR Gold Mini. Indicator values reflect available price and volume data where applicable.
SPDR Gold Mini has current Total Risk Alpha of 0.4605. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.4605 | |
| ER[a] | = | Expected return on investing in SPDR Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SPDR Gold |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
SPDR Gold Mini takes the leading position in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
30.21 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for SPDR Gold Mini sits at
30.21 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare SPDR Gold to Peers
Other Technical Indicators