Gold Ent Group Stock Market Value
| GEGP Stock | USD 0.0001 0.00 0.00% |
| Symbol | Gold |
Gold Ent '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 Ent's pink sheet 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 Ent.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Gold Ent on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Ent Group or generate 0.0% return on investment in Gold Ent over 30 days. Gold Ent is related to or competes with Alpha One, Green Planet, and Continental Beverage. Gold Entertainment Group, Inc. does not have significant operations More
Gold Ent 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 Ent's pink sheet 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 Ent Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.01 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Gold Ent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Ent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Ent's standard deviation. In reality, there are many statistical measures that can use Gold Ent historical prices to predict the future Gold Ent's volatility.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 3.31 | |||
| Total Risk Alpha | (1.95) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | 1.03 |
Gold Ent Group Backtested Returns
Gold Ent is out of control given 3 months investment horizon. Gold Ent Group holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 3.85% are justified by taking the suggested risk. Use Gold Ent Group Risk Adjusted Performance of 0.0942, downside deviation of 54.01, and Market Risk Adjusted Performance of 1.04 to evaluate company specific risk that cannot be diversified away. Gold Ent holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.66, 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, Gold Ent will likely underperform. Use Gold Ent Group sortino ratio, as well as the relationship between the downside variance and rate of daily change , to analyze future returns on Gold Ent Group.
Auto-correlation | 0.29 |
Poor predictability
Gold Ent Group has poor predictability. Overlapping area represents the amount of predictability between Gold Ent time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Gold Ent Group price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Gold Ent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold Ent Group lagged returns against current returns
Autocorrelation, which is Gold Ent pink sheet'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 Ent's pink sheet expected returns. We can calculate the autocorrelation of Gold Ent returns to help us make a trade decision. For example, suppose you find that Gold Ent has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Ent 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 Ent pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Ent pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Ent pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Gold Ent Lagged Returns
When evaluating Gold Ent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Ent pink sheet have on its future price. Gold Ent 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 Ent autocorrelation shows the relationship between Gold Ent pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gold Ent Group.
Regressed Prices |
| Timeline |
Pair Trading with Gold Ent
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 Gold Ent 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 Gold Ent will appreciate offsetting losses from the drop in the long position's value.Moving against Gold Pink Sheet
| 0.43 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.37 | PG | Procter Gamble Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Gold Ent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Ent 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 Gold Ent - 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 Gold Ent Group to buy it.
The correlation of Gold Ent 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 Gold Ent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Ent Group 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 Gold Ent 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.Additional Tools for Gold Pink Sheet Analysis
When running Gold Ent's price analysis, check to measure Gold Ent'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 Gold Ent is operating at the current time. Most of Gold Ent's value examination focuses on studying past and present price action to predict the probability of Gold Ent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Ent's price. Additionally, you may evaluate how the addition of Gold Ent to your portfolios can decrease your overall portfolio volatility.