Golden Company Equity Multiplier from 2010 to 2024
| GODN Stock | 11.24 0.00 0.00% |
Company Equity Multiplier | First Reported 2010-12-31 | Previous Quarter 1.03248564 | Current Value 0.98 | Quarterly Volatility 38.6821858 |
Check Golden Star financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Golden Star's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.5 M, Other Operating Expenses of 900.6 K or EBITDA of 1.6 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.27. Golden financial statements analysis is a perfect complement when working with Golden Star Valuation or Volatility modules.
Golden |
Latest Golden Star's Company Equity Multiplier Growth Pattern
Below is the plot of the Company Equity Multiplier of Golden Star Acquisition over the last few years. It is Golden Star's Company Equity Multiplier historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Golden Star's overall financial position and show how it may be relating to other accounts over time.
| Company Equity Multiplier | 10 Years Trend |
|
Company Equity Multiplier |
| Timeline |
Golden Company Equity Multiplier Regression Statistics
| Arithmetic Mean | 30.71 | |
| Geometric Mean | 18.06 | |
| Coefficient Of Variation | 125.95 | |
| Mean Deviation | 18.23 | |
| Median | 24.27 | |
| Standard Deviation | 38.68 | |
| Sample Variance | 1,496 | |
| Range | 166 | |
| R-Value | 0.17 | |
| Mean Square Error | 1,565 | |
| R-Squared | 0.03 | |
| Significance | 0.54 | |
| Slope | 1.48 | |
| Total Sum of Squares | 20,948 |
Golden Company Equity Multiplier History
About Golden Star Financial Statements
Golden Star investors utilize fundamental indicators, such as Company Equity Multiplier, to predict how Golden Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Company Equity Multiplier | 1.03 | 0.98 |
Pair Trading with Golden Star
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Star position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Star will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
| 0.69 | V | Visa Class A | PairCorr |
| 0.85 | MA | Mastercard | PairCorr |
| 0.86 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Golden Stock
The ability to find closely correlated positions to Golden Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Star when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Star - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Star Acquisition to buy it.
The correlation of Golden Star is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Star Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Star can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Golden Star Correlation against competitors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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 | Earnings Share (1.16) | 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.