Drdgold Limited Adr Stock Market Value
| DRD Stock | USD 14.14 0.30 2.17% |
| Symbol | DRDGOLD |
DRDGOLD Limited ADR Price To Book Ratio
Is Metals & Mining 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 DRDGOLD Limited. If investors know DRDGOLD 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 DRDGOLD Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.646 | Dividend Share 5 | Earnings Share 1.1 | Revenue Per Share | Quarterly Revenue Growth 0.278 |
The market value of DRDGOLD Limited ADR is measured differently than its book value, which is the value of DRDGOLD that is recorded on the company's balance sheet. Investors also form their own opinion of DRDGOLD Limited's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD Limited'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 DRDGOLD Limited's market value can be influenced by many factors that don't directly affect DRDGOLD Limited'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 DRDGOLD Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD Limited'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.
DRDGOLD Limited '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 DRDGOLD Limited'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 DRDGOLD Limited.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in DRDGOLD Limited on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding DRDGOLD Limited ADR or generate 0.0% return on investment in DRDGOLD Limited over 90 days. DRDGOLD Limited is related to or competes with Osisko Gold, Eldorado Gold, SSR Mining, Idaho Strategic, AngloGold Ashanti, Harmony Gold, and Kinross Gold. DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa More
DRDGOLD Limited 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 DRDGOLD Limited'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 DRDGOLD Limited ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.2252 | |||
| Maximum Drawdown | 15.23 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 6.58 |
DRDGOLD Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRDGOLD Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRDGOLD Limited's standard deviation. In reality, there are many statistical measures that can use DRDGOLD Limited historical prices to predict the future DRDGOLD Limited's volatility.| Risk Adjusted Performance | 0.1658 | |||
| Jensen Alpha | 0.6229 | |||
| Total Risk Alpha | 1.24 | |||
| Sortino Ratio | 0.2618 | |||
| Treynor Ratio | (3.99) |
DRDGOLD Limited ADR Backtested Returns
DRDGOLD Limited appears to be somewhat reliable, given 3 months investment horizon. DRDGOLD Limited ADR secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23 % return per unit of risk over the last 3 months. By examining DRDGOLD Limited's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize DRDGOLD Limited's Coefficient Of Variation of 533.53, mean deviation of 2.72, and Downside Deviation of 3.01 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DRDGOLD Limited holds a performance score of 17. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DRDGOLD Limited are expected to decrease at a much lower rate. During the bear market, DRDGOLD Limited is likely to outperform the market. Please check DRDGOLD Limited's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether DRDGOLD Limited's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
DRDGOLD Limited ADR has good predictability. Overlapping area represents the amount of predictability between DRDGOLD Limited time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 DRDGOLD Limited ADR price movement. The serial correlation of 0.68 indicates that around 68.0% of current DRDGOLD Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
DRDGOLD Limited ADR lagged returns against current returns
Autocorrelation, which is DRDGOLD Limited 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 DRDGOLD Limited's stock expected returns. We can calculate the autocorrelation of DRDGOLD Limited returns to help us make a trade decision. For example, suppose you find that DRDGOLD Limited 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 |
DRDGOLD Limited 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 DRDGOLD Limited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRDGOLD Limited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRDGOLD Limited stock over time.
Current vs Lagged Prices |
| Timeline |
DRDGOLD Limited Lagged Returns
When evaluating DRDGOLD Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRDGOLD Limited stock have on its future price. DRDGOLD Limited 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, DRDGOLD Limited autocorrelation shows the relationship between DRDGOLD Limited stock current value and its past values and can show if there is a momentum factor associated with investing in DRDGOLD Limited ADR.
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 DRDGOLD Limited ADR is a strong investment it is important to analyze DRDGOLD Limited's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DRDGOLD Limited's future performance. For an informed investment choice regarding DRDGOLD Stock, refer to the following important reports:Check out DRDGOLD Limited Correlation, DRDGOLD Limited Volatility and DRDGOLD Limited Alpha and Beta module to complement your research on DRDGOLD Limited. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
DRDGOLD Limited 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.