Asa Gold And Stock Market Value
| ASA Stock | USD 26.85 0.20 0.75% |
| Symbol | ASA |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ASA Gold '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 ASA Gold'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 ASA Gold.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in ASA Gold on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ASA Gold and or generate 0.0% return on investment in ASA Gold over 90 days. ASA Gold is related to or competes with AngloGold Ashanti, Sprott Physical, Gold Fields, and Harmony Gold. ASA Gold and Precious Metals Limited is a publicly owned investment manager More
ASA Gold 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 ASA Gold'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 ASA Gold and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.3033 | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 3.63 |
ASA Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASA Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASA Gold's standard deviation. In reality, there are many statistical measures that can use ASA Gold historical prices to predict the future ASA Gold's volatility.| Risk Adjusted Performance | 0.2244 | |||
| Jensen Alpha | 0.4625 | |||
| Total Risk Alpha | 0.7102 | |||
| Sortino Ratio | 0.2765 | |||
| Treynor Ratio | (6.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASA Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ASA Gold Backtested Returns
ASA Gold appears to be very steady, given 3 months investment horizon. ASA Gold retains Efficiency (Sharpe Ratio) of 0.25, which signifies that the company had a 0.25 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ASA Gold, which you can use to evaluate the volatility of the firm. Please makes use of ASA Gold's market risk adjusted performance of (6.22), and Coefficient Of Variation of 397.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASA Gold holds a performance score of 19. The firm owns a Beta (Systematic Risk) of -0.0755, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASA Gold are expected to decrease at a much lower rate. During the bear market, ASA Gold is likely to outperform the market. Please check ASA Gold's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether ASA Gold's current price history will revert.
Auto-correlation | 0.22 |
Weak predictability
ASA Gold and has weak predictability. Overlapping area represents the amount of predictability between ASA Gold time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 ASA Gold price movement. The serial correlation of 0.22 indicates that over 22.0% of current ASA Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
ASA Gold lagged returns against current returns
Autocorrelation, which is ASA Gold 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 ASA Gold's stock expected returns. We can calculate the autocorrelation of ASA Gold returns to help us make a trade decision. For example, suppose you find that ASA Gold 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 |
ASA Gold 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 ASA Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASA Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASA Gold stock over time.
Current vs Lagged Prices |
| Timeline |
ASA Gold Lagged Returns
When evaluating ASA Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASA Gold stock have on its future price. ASA Gold 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, ASA Gold autocorrelation shows the relationship between ASA Gold stock current value and its past values and can show if there is a momentum factor associated with investing in ASA Gold and.
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.When determining whether ASA Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASA Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asa Gold And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asa Gold And Stock:Check out ASA Gold Correlation, ASA Gold Volatility and ASA Gold Alpha and Beta module to complement your research on ASA Gold. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
ASA Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.