GOLDEN GUINEA's market value is the price at which a share of GOLDEN GUINEA trades on a public exchange. It measures the collective expectations of GOLDEN GUINEA BREWERIES investors about its performance. GOLDEN GUINEA is trading at 3.70 as of the 29th of November 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 3.7. With this module, you can estimate the performance of a buy and hold strategy of GOLDEN GUINEA BREWERIES and determine expected loss or profit from investing in GOLDEN GUINEA over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Symbol
GOLDEN
GOLDEN GUINEA '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 GUINEA'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 GUINEA.
0.00
08/31/2024
No Change 0.00
0.0
In 2 months and 31 days
11/29/2024
0.00
If you would invest 0.00 in GOLDEN GUINEA on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding GOLDEN GUINEA BREWERIES or generate 0.0% return on investment in GOLDEN GUINEA over 90 days.
GOLDEN GUINEA 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 GUINEA'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 GUINEA BREWERIES upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOLDEN GUINEA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOLDEN GUINEA's standard deviation. In reality, there are many statistical measures that can use GOLDEN GUINEA historical prices to predict the future GOLDEN GUINEA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GOLDEN GUINEA. Your research has to be compared to or analyzed against GOLDEN GUINEA's peers to derive any actionable benefits. When done correctly, GOLDEN GUINEA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GOLDEN GUINEA BREWERIES.
GOLDEN GUINEA BREWERIES Backtested Returns
GOLDEN GUINEA appears to be slightly risky, given 3 months investment horizon. GOLDEN GUINEA BREWERIES holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found seventeen technical indicators for GOLDEN GUINEA BREWERIES, which you can use to evaluate the volatility of the firm. Please utilize GOLDEN GUINEA's Risk Adjusted Performance of 0.13, coefficient of variation of 613.57, and Market Risk Adjusted Performance of 1.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOLDEN GUINEA holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GOLDEN GUINEA's returns are expected to increase less than the market. However, during the bear market, the loss of holding GOLDEN GUINEA is expected to be smaller as well. Please check GOLDEN GUINEA's information ratio, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to make a quick decision on whether GOLDEN GUINEA's current trending patterns will revert.
Auto-correlation
-0.01
Very weak reverse predictability
GOLDEN GUINEA BREWERIES has very weak reverse predictability. Overlapping area represents the amount of predictability between GOLDEN GUINEA time series from 31st of August 2024 to 15th of October 2024 and 15th 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 GOLDEN GUINEA BREWERIES price movement. The serial correlation of -0.01 indicates that just 1.0% of current GOLDEN GUINEA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.01
Spearman Rank Test
-0.16
Residual Average
0.0
Price Variance
0.01
GOLDEN GUINEA BREWERIES lagged returns against current returns
Autocorrelation, which is GOLDEN GUINEA 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 GUINEA's stock expected returns. We can calculate the autocorrelation of GOLDEN GUINEA returns to help us make a trade decision. For example, suppose you find that GOLDEN GUINEA 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 GUINEA 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 GUINEA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOLDEN GUINEA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOLDEN GUINEA stock over time.
Current vs Lagged Prices
Timeline
GOLDEN GUINEA Lagged Returns
When evaluating GOLDEN GUINEA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOLDEN GUINEA stock have on its future price. GOLDEN GUINEA 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 GUINEA autocorrelation shows the relationship between GOLDEN GUINEA stock current value and its past values and can show if there is a momentum factor associated with investing in GOLDEN GUINEA BREWERIES.
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.