GOLDEN GUINEA (Nigeria) Price on December 4, 2024
| GOLDBREW | 7.18 0.65 9.95% |
If you're considering investing in GOLDEN Stock, it is important to understand the factors that can impact its price. As of today, the current price of GOLDEN GUINEA stands at 7.18, as last reported on the 12th of December 2024, with the highest price reaching 7.18 and the lowest price hitting 6.53 during the day. GOLDEN GUINEA is slightly risky given 3 months investment horizon. GOLDEN GUINEA BREWERIES holds Efficiency (Sharpe) Ratio of 0.4, which attests that the entity had a 0.4% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use GOLDEN GUINEA BREWERIES Risk Adjusted Performance of 0.2878, coefficient of variation of 258.05, and Market Risk Adjusted Performance of (2.87) to evaluate company specific risk that cannot be diversified away.
GOLDEN Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
GOLDEN |
Sharpe Ratio = 0.4016
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Estimated Market Risk
| 3.47 actual daily | 30 70% of assets are more volatile |
Expected Return
| 1.39 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.4 actual daily | 31 69% of assets perform better |
Based on monthly moving average GOLDEN GUINEA is performing at about 31% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GOLDEN GUINEA by adding it to a well-diversified portfolio.
GOLDEN GUINEA Valuation on December 4, 2024
It is possible to determine the worth of GOLDEN GUINEA on a given historical date. On December 4, 2024 GOLDEN was worth 4.07 at the beginning of the trading date compared to the closed value of 4.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GOLDEN GUINEA stock. Still, in general, we apply an absolute valuation method to find GOLDEN GUINEA's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GOLDEN GUINEA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GOLDEN GUINEA's related companies.
| Open | High | Low | Close | Volume | |
| 3.70 | 4.07 | 3.70 | 4.07 | 274,084 | |
12/04/2024 | 4.07 | 4.47 | 4.07 | 4.47 | 125,298 |
| 4.47 | 4.91 | 4.47 | 4.91 | 123,050 |
| Backtest GOLDEN GUINEA | | | GOLDEN GUINEA History | Previous | Next |
GOLDEN GUINEA Trading Date Momentum on December 4, 2024
| On December 05 2024 GOLDEN GUINEA BREWERIES was traded for 4.91 at the closing time. The highest price during the trading period was 4.91 and the lowest recorded bid was listed for 4.47 . The volume for the day was 123 K. This history from December 5, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 9.84% . The overall trading delta to the current price is 46.09% . |
Price Boundaries
GOLDEN GUINEA Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
GOLDEN GUINEA BREWERIES cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
GOLDEN GUINEA December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how GOLDEN GUINEA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GOLDEN GUINEA shares will generate the highest return on investment. By undertsting and applying GOLDEN GUINEA stock market strength indicators, traders can identify GOLDEN GUINEA BREWERIES entry and exit signals to maximize returns
GOLDEN GUINEA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GOLDEN GUINEA's price direction in advance. Along with the technical and fundamental analysis of GOLDEN Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of GOLDEN to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2878 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | 0.7638 | |||
| Treynor Ratio | (2.88) |
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Complementary Tools for GOLDEN Stock analysis
When running GOLDEN GUINEA's price analysis, check to measure GOLDEN GUINEA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GOLDEN GUINEA is operating at the current time. Most of GOLDEN GUINEA's value examination focuses on studying past and present price action to predict the probability of GOLDEN GUINEA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOLDEN GUINEA's price. Additionally, you may evaluate how the addition of GOLDEN GUINEA to your portfolios can decrease your overall portfolio volatility.
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