Golden Textiles' market value is the price at which a share of Golden Textiles trades on a public exchange. It measures the collective expectations of Golden Textiles Clothes investors about its performance. Golden Textiles is trading at 27.13 as of the 17th of March 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 26.26. With this module, you can estimate the performance of a buy and hold strategy of Golden Textiles Clothes and determine expected loss or profit from investing in Golden Textiles 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 board of governors.
Symbol
Golden
Golden Textiles '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 Textiles' 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 Textiles.
0.00
12/17/2024
No Change 0.00
0.0
In 3 months and 1 day
03/17/2025
0.00
If you would invest 0.00 in Golden Textiles on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Textiles Clothes or generate 0.0% return on investment in Golden Textiles over 90 days.
Golden Textiles 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 Textiles' 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 Textiles Clothes 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 Textiles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Textiles' standard deviation. In reality, there are many statistical measures that can use Golden Textiles historical prices to predict the future Golden Textiles' volatility.
At this point, Golden Textiles is not too volatile. Golden Textiles Clothes holds Efficiency (Sharpe) Ratio of 0.0316, which attests that the entity had a 0.0316 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Golden Textiles Clothes, which you can use to evaluate the volatility of the firm. Please check out Golden Textiles' Market Risk Adjusted Performance of 0.4672, downside deviation of 3.81, and Risk Adjusted Performance of 0.0353 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Golden Textiles has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Golden Textiles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Golden Textiles is expected to be smaller as well. Golden Textiles Clothes right now retains a risk of 3.98%. Please check out Golden Textiles jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Golden Textiles will be following its current trending patterns.
Auto-correlation
0.15
Insignificant predictability
Golden Textiles Clothes has insignificant predictability. Overlapping area represents the amount of predictability between Golden Textiles time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Golden Textiles Clothes price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Golden Textiles price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
0.51
Residual Average
0.0
Price Variance
0.75
Golden Textiles Clothes lagged returns against current returns
Autocorrelation, which is Golden Textiles 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 Textiles' stock expected returns. We can calculate the autocorrelation of Golden Textiles returns to help us make a trade decision. For example, suppose you find that Golden Textiles 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 Textiles 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 Textiles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Textiles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Textiles stock over time.
Current vs Lagged Prices
Timeline
Golden Textiles Lagged Returns
When evaluating Golden Textiles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Textiles stock have on its future price. Golden Textiles 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 Textiles autocorrelation shows the relationship between Golden Textiles stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Textiles Clothes.
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.