Goldstone Technologies (India) Market Value
| GOLDTECH | 77.54 0.23 0.30% |
| Symbol | Goldstone |
Goldstone Technologies '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 Goldstone Technologies' 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 Goldstone Technologies.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Goldstone Technologies on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Goldstone Technologies Limited or generate 0.0% return on investment in Goldstone Technologies over 30 days. Goldstone Technologies is related to or competes with Ratnamani Metals, Rajnandini Metal, Vraj Iron, Hisar Metal, Shyam Metalics, Ankit Metal, and Sarthak Metals. Goldstone Technologies is entity of India More
Goldstone Technologies 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 Goldstone Technologies' 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 Goldstone Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 4.99 |
Goldstone Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldstone Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldstone Technologies' standard deviation. In reality, there are many statistical measures that can use Goldstone Technologies historical prices to predict the future Goldstone Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goldstone Technologies' 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.
Goldstone Technologies Backtested Returns
Goldstone Technologies holds Efficiency (Sharpe) Ratio of -0.0688, which attests that the entity had a -0.0688% return per unit of risk over the last 3 months. Goldstone Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldstone Technologies' Risk Adjusted Performance of (0.06), market risk adjusted performance of (0.58), and Standard Deviation of 3.03 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goldstone Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goldstone Technologies is expected to be smaller as well. At this point, Goldstone Technologies has a negative expected return of -0.21%. Please make sure to check out Goldstone Technologies' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Goldstone Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Goldstone Technologies Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Goldstone Technologies time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldstone Technologies price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Goldstone Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Goldstone Technologies lagged returns against current returns
Autocorrelation, which is Goldstone Technologies 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 Goldstone Technologies' stock expected returns. We can calculate the autocorrelation of Goldstone Technologies returns to help us make a trade decision. For example, suppose you find that Goldstone Technologies 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 |
Goldstone Technologies 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 Goldstone Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldstone Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldstone Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Goldstone Technologies Lagged Returns
When evaluating Goldstone Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldstone Technologies stock have on its future price. Goldstone Technologies 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, Goldstone Technologies autocorrelation shows the relationship between Goldstone Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Goldstone Technologies Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in Goldstone Stock
Goldstone Technologies financial ratios help investors to determine whether Goldstone Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goldstone with respect to the benefits of owning Goldstone Technologies security.