GoldMining (UK) Market Value
| 0UYN Stock | 1.20 0.01 0.83% |
| Symbol | GoldMining |
GoldMining '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 GoldMining'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 GoldMining.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in GoldMining on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding GoldMining or generate 0.0% return on investment in GoldMining over 540 days. GoldMining is related to or competes with New Residential, Mercantile Investment, FC Investment, Compal Electronics, Lowland Investment, and Melia Hotels. GoldMining is entity of United Kingdom. It is traded as Stock on LSE exchange. More
GoldMining 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 GoldMining'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 GoldMining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 5.36 |
GoldMining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoldMining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoldMining's standard deviation. In reality, there are many statistical measures that can use GoldMining historical prices to predict the future GoldMining's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0782 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
GoldMining Backtested Returns
Currently, GoldMining is dangerous. GoldMining holds Efficiency (Sharpe) Ratio of 0.0208, which attests that the entity had a 0.0208% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GoldMining, which you can use to evaluate the volatility of the firm. Please check out GoldMining's Market Risk Adjusted Performance of 0.0038, downside deviation of 3.14, and Risk Adjusted Performance of 0.0109 to validate if the risk estimate we provide is consistent with the expected return of 0.0618%. GoldMining has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GoldMining are expected to decrease at a much lower rate. During the bear market, GoldMining is likely to outperform the market. GoldMining right now retains a risk of 2.97%. Please check out GoldMining semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if GoldMining will be following its current trending patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
GoldMining has insignificant reverse predictability. Overlapping area represents the amount of predictability between GoldMining time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GoldMining price movement. The serial correlation of -0.19 indicates that over 19.0% of current GoldMining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GoldMining lagged returns against current returns
Autocorrelation, which is GoldMining 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 GoldMining's stock expected returns. We can calculate the autocorrelation of GoldMining returns to help us make a trade decision. For example, suppose you find that GoldMining 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 |
GoldMining 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 GoldMining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoldMining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoldMining stock over time.
Current vs Lagged Prices |
| Timeline |
GoldMining Lagged Returns
When evaluating GoldMining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoldMining stock have on its future price. GoldMining 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, GoldMining autocorrelation shows the relationship between GoldMining stock current value and its past values and can show if there is a momentum factor associated with investing in GoldMining.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for GoldMining Stock Analysis
When running GoldMining's price analysis, check to measure GoldMining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GoldMining is operating at the current time. Most of GoldMining's value examination focuses on studying past and present price action to predict the probability of GoldMining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoldMining's price. Additionally, you may evaluate how the addition of GoldMining to your portfolios can decrease your overall portfolio volatility.