Golden Star Acquisition Stock Market Value
| GODNU Stock | 11.49 0.23 1.96% |
| Symbol | Golden |
Golden Star Acquisition Price To Book Ratio
Is Asset Management & Custody Banks 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 Star. 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 Star 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 0.062 | Return On Assets (0.02) |
The market value of Golden Star Acquisition 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 Star's value that differs from its market value or its book value, called intrinsic value, which is Golden Star'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 Star's market value can be influenced by many factors that don't directly affect Golden Star'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 Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Star'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 Star '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 Star'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 Star.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Golden Star on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Star Acquisition or generate 0.0% return on investment in Golden Star over 30 days. Golden Star is related to or competes with Papaya Growth, Jacobs Solutions, Comstock Holding, Hurco Companies, Eldorado Gold, and Highway Holdings. Golden Star is entity of United States. It is traded as Stock on NASDAQ exchange. More
Golden Star 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 Star'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 Star Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 4.13 |
Golden Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Star's standard deviation. In reality, there are many statistical measures that can use Golden Star historical prices to predict the future Golden Star's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.0572 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.44) |
Golden Star Acquisition Backtested Returns
Currently, Golden Star Acquisition is not too volatile. Golden Star Acquisition holds Efficiency (Sharpe) Ratio of 0.0275, which attests that the entity had a 0.0275% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Golden Star Acquisition, which you can use to evaluate the volatility of the firm. Please check out Golden Star's Risk Adjusted Performance of 0.027, market risk adjusted performance of (0.43), and Downside Deviation of 4.19 to validate if the risk estimate we provide is consistent with the expected return of 0.0569%. Golden Star has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Golden Star are expected to decrease at a much lower rate. During the bear market, Golden Star is likely to outperform the market. Golden Star Acquisition right now retains a risk of 2.07%. Please check out Golden Star downside variance, and the relationship between the sortino ratio and daily balance of power , to decide if Golden Star will be following its current trending patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Golden Star Acquisition has insignificant reverse predictability. Overlapping area represents the amount of predictability between Golden Star time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Golden Star Acquisition price movement. The serial correlation of -0.16 indicates that over 16.0% of current Golden Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Golden Star Acquisition lagged returns against current returns
Autocorrelation, which is Golden Star 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 Star's stock expected returns. We can calculate the autocorrelation of Golden Star returns to help us make a trade decision. For example, suppose you find that Golden Star 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 Star 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 Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Star stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Star Lagged Returns
When evaluating Golden Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Star stock have on its future price. Golden Star 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 Star autocorrelation shows the relationship between Golden Star stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Star Acquisition.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Golden Stock Analysis
When running Golden Star's price analysis, check to measure Golden Star'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 Golden Star is operating at the current time. Most of Golden Star's value examination focuses on studying past and present price action to predict the probability of Golden Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Star's price. Additionally, you may evaluate how the addition of Golden Star to your portfolios can decrease your overall portfolio volatility.