abrdn Physical Gold Shares ETF SGOL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
abrdn Physical Gold Shares ETF (SGOL) Business Model and Operations Summary
The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.
Key Insights
abrdn Physical Gold Shares ETF (SGOL) Core Market Data and Business Metrics
Latest Closing Price
$31.43Market Cap
$5.16 BillionAverage Trade Volume
5,188,303 SharesTotal Outstanding Shares
160.70 Million SharesIPO Date
September 9, 2009SIC Description
Commodity Contracts Brokers & DealersPrimary Exchange
New York Stock Exchange ArchipelagoHeadquarters
C/o Abrdn, Philadelphia, PA, 19103
Earnings Reports
Expected vs. Actual Quarterly Earnings-Per-Share & Revenue
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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