Us Global Go Etf Market Value
| GOAU Etf | USD 21.10 0.09 0.43% |
| Symbol | GOAU |
The market value of US Global GO is measured differently than its book value, which is the value of GOAU that is recorded on the company's balance sheet. Investors also form their own opinion of US Global's value that differs from its market value or its book value, called intrinsic value, which is US Global'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 US Global's market value can be influenced by many factors that don't directly affect US Global'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 US Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Global'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.
US Global '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 US Global's etf 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 US Global.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in US Global on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding US Global GO or generate 0.0% return on investment in US Global over 180 days. US Global is related to or competes with VanEck Gold, Global X, Pan American, and Franco Nevada. Under normal circumstances, the fund will invest at least 80 percent of its net assets in Precious Metals Companies and ... More
US Global 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 US Global's etf 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 US Global GO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.45 |
US Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Global's standard deviation. In reality, there are many statistical measures that can use US Global historical prices to predict the future US Global's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0299 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2953 |
US Global GO Backtested Returns
Currently, US Global GO is very steady. US Global GO retains Efficiency (Sharpe Ratio) of 0.0624, which indicates the etf had a 0.0624% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for US Global, which you can use to evaluate the volatility of the etf. Please validate US Global's Downside Deviation of 2.13, risk adjusted performance of 0.0298, and Mean Deviation of 1.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity owns a Beta (Systematic Risk) of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, US Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding US Global is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
US Global GO has insignificant reverse predictability. Overlapping area represents the amount of predictability between US Global 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 US Global GO price movement. The serial correlation of -0.19 indicates that over 19.0% of current US Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
US Global GO lagged returns against current returns
Autocorrelation, which is US Global etf'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 US Global's etf expected returns. We can calculate the autocorrelation of US Global returns to help us make a trade decision. For example, suppose you find that US Global has exhibited high autocorrelation historically, and you observe that the etf 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 |
US Global 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 US Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US Global etf over time.
Current vs Lagged Prices |
| Timeline |
US Global Lagged Returns
When evaluating US Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US Global etf have on its future price. US Global 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, US Global autocorrelation shows the relationship between US Global etf current value and its past values and can show if there is a momentum factor associated with investing in US Global GO.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out US Global Correlation, US Global Volatility and US Global Alpha and Beta module to complement your research on US Global. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
US Global technical etf 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, etf market cycles, or different charting patterns.