GOLD ROAD (Germany) Market Value
| E6Q Stock | EUR 1.12 0.01 0.88% |
| Symbol | GOLD |
GOLD ROAD '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 GOLD ROAD'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 GOLD ROAD.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GOLD ROAD on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding GOLD ROAD RES or generate 0.0% return on investment in GOLD ROAD over 60 days. GOLD ROAD is related to or competes with Tsingtao Brewery, MOLSON COORS, COMBA TELECOM, SBA Communications, National Beverage, SK TELECOM, and Singapore Telecommunicatio. More
GOLD ROAD 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 GOLD ROAD'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 GOLD ROAD RES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0477 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.6 |
GOLD ROAD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOLD ROAD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOLD ROAD's standard deviation. In reality, there are many statistical measures that can use GOLD ROAD historical prices to predict the future GOLD ROAD's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.2475 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0492 | |||
| Treynor Ratio | (0.71) |
GOLD ROAD RES Backtested Returns
GOLD ROAD appears to be very risky, given 3 months investment horizon. GOLD ROAD RES holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for GOLD ROAD RES, which you can use to evaluate the volatility of the firm. Please utilize GOLD ROAD's Semi Deviation of 1.64, risk adjusted performance of 0.0898, and Market Risk Adjusted Performance of (0.70) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOLD ROAD holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GOLD ROAD are expected to decrease at a much lower rate. During the bear market, GOLD ROAD is likely to outperform the market. Please check GOLD ROAD's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether GOLD ROAD's current trending patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
GOLD ROAD RES has very weak reverse predictability. Overlapping area represents the amount of predictability between GOLD ROAD time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 GOLD ROAD RES price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current GOLD ROAD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GOLD ROAD RES lagged returns against current returns
Autocorrelation, which is GOLD ROAD 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 GOLD ROAD's stock expected returns. We can calculate the autocorrelation of GOLD ROAD returns to help us make a trade decision. For example, suppose you find that GOLD ROAD 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 |
GOLD ROAD 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 GOLD ROAD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOLD ROAD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOLD ROAD stock over time.
Current vs Lagged Prices |
| Timeline |
GOLD ROAD Lagged Returns
When evaluating GOLD ROAD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOLD ROAD stock have on its future price. GOLD ROAD 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, GOLD ROAD autocorrelation shows the relationship between GOLD ROAD stock current value and its past values and can show if there is a momentum factor associated with investing in GOLD ROAD RES.
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.Other Information on Investing in GOLD Stock
GOLD ROAD financial ratios help investors to determine whether GOLD 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 GOLD with respect to the benefits of owning GOLD ROAD security.