Golden Bridge (Korea) Market Value
| 001290 Stock | 420.00 3.00 0.71% |
| Symbol | Golden |
Golden Bridge '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 Golden Bridge's stock 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 Golden Bridge.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Golden Bridge on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Bridge Investment or generate 0.0% return on investment in Golden Bridge over 90 days. Golden Bridge is related to or competes with Hyosung Advanced, Hanjin Transportation, Taegu Broadcasting, Haitai Confectionery, RF Materials, Ecoplastic, and Dongbang Transport. More
Golden Bridge 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 Golden Bridge's stock 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 Golden Bridge Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0372 | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.69 |
Golden Bridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Bridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Bridge's standard deviation. In reality, there are many statistical measures that can use Golden Bridge historical prices to predict the future Golden Bridge's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0954 | |||
| Treynor Ratio | 0.7098 |
Golden Bridge Investment Backtested Returns
Golden Bridge Investment holds Efficiency (Sharpe) Ratio of -0.0197, which attests that the entity had a -0.0197 % return per unit of risk over the last 3 months. Golden Bridge Investment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golden Bridge's Market Risk Adjusted Performance of 0.7198, standard deviation of 1.26, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0877, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Golden Bridge are expected to decrease at a much lower rate. During the bear market, Golden Bridge is likely to outperform the market. At this point, Golden Bridge Investment has a negative expected return of -0.0199%. Please make sure to check out Golden Bridge's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Golden Bridge Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Golden Bridge Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between Golden Bridge time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Golden Bridge Investment price movement. The serial correlation of -0.03 indicates that only 3.0% of current Golden Bridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 34.37 |
Golden Bridge Investment lagged returns against current returns
Autocorrelation, which is Golden Bridge stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Golden Bridge's stock expected returns. We can calculate the autocorrelation of Golden Bridge returns to help us make a trade decision. For example, suppose you find that Golden Bridge has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Golden Bridge regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Golden Bridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Bridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Bridge stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Bridge Lagged Returns
When evaluating Golden Bridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Bridge stock have on its future price. Golden Bridge autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Golden Bridge autocorrelation shows the relationship between Golden Bridge stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Bridge Investment.
Regressed Prices |
| Timeline |
Pair Trading with Golden Bridge
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Bridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Bridge will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Golden Bridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Bridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Bridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Bridge Investment to buy it.
The correlation of Golden Bridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Bridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Bridge Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Bridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Golden Stock
Golden Bridge financial ratios help investors to determine whether Golden Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Golden with respect to the benefits of owning Golden Bridge security.