Golden Entertainment Stock Market Value
| GDEN Stock | USD 33.74 0.48 1.44% |
| Symbol | Golden |
Golden Entertainment Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Golden Entertainment. If investors know Golden 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 Golden Entertainment 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 (0.98) | Dividend Share 0.75 | Earnings Share 1.31 | Revenue Per Share 25.663 | Quarterly Revenue Growth (0.37) |
The market value of Golden Entertainment is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Golden Entertainment'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 Golden Entertainment's market value can be influenced by many factors that don't directly affect Golden Entertainment'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 Golden Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Entertainment'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.
Golden Entertainment '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 Entertainment'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 Entertainment.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Golden Entertainment on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Entertainment or generate 0.0% return on investment in Golden Entertainment over 180 days. Golden Entertainment is related to or competes with Red Rock, Century Casinos, Studio City, Ballys Corp, Monarch Casino, Melco Resorts, and Caesars Entertainment. Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified ente... More
Golden Entertainment 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 Entertainment'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 Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.76 |
Golden Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Entertainment's standard deviation. In reality, there are many statistical measures that can use Golden Entertainment historical prices to predict the future Golden Entertainment's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0855 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Golden Entertainment'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.
Golden Entertainment Backtested Returns
As of now, Golden Stock is very steady. Golden Entertainment holds Efficiency (Sharpe) Ratio of 0.0659, which attests that the entity had a 0.0659% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Golden Entertainment, which you can use to evaluate the volatility of the firm. Please check out Golden Entertainment's Risk Adjusted Performance of 0.0563, market risk adjusted performance of 0.0955, and Downside Deviation of 1.72 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Golden Entertainment has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Golden Entertainment will likely underperform. Golden Entertainment right now retains a risk of 2.02%. Please check out Golden Entertainment total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Golden Entertainment will be following its current trending patterns.
Auto-correlation | 0.32 |
Below average predictability
Golden Entertainment has below average predictability. Overlapping area represents the amount of predictability between Golden Entertainment time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Golden Entertainment price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Golden Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.0 |
Golden Entertainment lagged returns against current returns
Autocorrelation, which is Golden Entertainment 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 Entertainment's stock expected returns. We can calculate the autocorrelation of Golden Entertainment returns to help us make a trade decision. For example, suppose you find that Golden Entertainment 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 Entertainment 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 Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Entertainment Lagged Returns
When evaluating Golden Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Entertainment stock have on its future price. Golden Entertainment 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 Entertainment autocorrelation shows the relationship between Golden Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Golden Entertainment
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 Entertainment 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 Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
Moving against Golden Stock
| 0.39 | QSR | Restaurant Brands | PairCorr |
| 0.36 | PZZA | Papa Johns International | PairCorr |
| 0.34 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.33 | WEN | The Wendys | PairCorr |
The ability to find closely correlated positions to Golden Entertainment 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 Entertainment 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 Entertainment - 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 Entertainment to buy it.
The correlation of Golden Entertainment 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 Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Entertainment 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 Entertainment 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.Check out Golden Entertainment Correlation, Golden Entertainment Volatility and Golden Entertainment Alpha and Beta module to complement your research on Golden Entertainment. To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Golden Entertainment 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.