Goldman Sachs Etf Forecast - Coefficient Of Variation
| GMUN Etf | 49.89 0.09 0.18% |
Goldman Etf Forecast is based on your current time horizon.
Goldman |
| Check Goldman Sachs Volatility | Backtest Goldman Sachs | Information Ratio |
Goldman Sachs Trading Date Momentum
| On November 27 2024 Goldman Sachs Community was traded for 49.89 at the closing time. The top price for the day was 49.89 and the lowest listed price was 49.89 . The trading volume for the day was 12.0. The trading history from November 27, 2024 did not cause price change. The overall trading delta against the current closing price is 0.00% . |
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Other Forecasting Options for Goldman Sachs
For every potential investor in Goldman, whether a beginner or expert, Goldman Sachs' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Goldman Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Goldman. Basic forecasting techniques help filter out the noise by identifying Goldman Sachs' price trends.Goldman Sachs Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goldman Sachs etf to make a market-neutral strategy. Peer analysis of Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Goldman Sachs Community Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Goldman Sachs' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Goldman Sachs' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Goldman Sachs Market Strength Events
Market strength indicators help investors to evaluate how Goldman Sachs etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goldman Sachs shares will generate the highest return on investment. By undertsting and applying Goldman Sachs etf market strength indicators, traders can identify Goldman Sachs Community entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 49.89 | |||
| Day Typical Price | 49.89 | |||
| Price Action Indicator | 0.045 | |||
| Period Momentum Indicator | 0.09 | |||
| Relative Strength Index | 33.94 |
Goldman Sachs Risk Indicators
The analysis of Goldman Sachs' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Goldman Sachs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting goldman etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.1211 | |||
| Semi Deviation | 0.217 | |||
| Standard Deviation | 0.1954 | |||
| Variance | 0.0382 | |||
| Downside Variance | 0.06 | |||
| Semi Variance | 0.0471 | |||
| Expected Short fall | (0.12) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Goldman Sachs
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 Goldman Sachs 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 Goldman Sachs will appreciate offsetting losses from the drop in the long position's value.Moving together with Goldman Etf
| 0.95 | MUB | iShares National Muni | PairCorr |
| 0.95 | VTEB | Vanguard Tax Exempt | PairCorr |
| 0.98 | FMB | First Trust Managed | PairCorr |
| 0.99 | ITM | VanEck Intermediate Muni | PairCorr |
| 0.97 | MMIT | IQ MacKay Municipal | PairCorr |
Moving against Goldman Etf
| 0.6 | RSPY | Tuttle Capital Management | PairCorr |
| 0.58 | DSJA | DSJA | PairCorr |
| 0.56 | MEME | Roundhill Investments | PairCorr |
| 0.38 | ITWO | Proshares Russell 2000 Low Volatility | PairCorr |
The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs 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 Goldman Sachs - 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 Goldman Sachs Community to buy it.
The correlation of Goldman Sachs 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 Goldman Sachs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldman Sachs Community 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 Goldman Sachs 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 Historical Fundamental Analysis of Goldman Sachs to cross-verify your projections. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of Goldman Sachs Community is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' 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 Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' 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 Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' 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.