Goldman Sachs Cdr Stock Beta
| GS Stock | 30.05 0.32 1.08% |
GOLDMAN SACHS CDR fundamentals help investors to digest information that contributes to GOLDMAN SACHS's financial success or failures. It also enables traders to predict the movement of GOLDMAN Stock. The fundamental analysis module provides a way to measure GOLDMAN SACHS's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GOLDMAN SACHS stock.
GOLDMAN | Beta |
GOLDMAN SACHS CDR Company Beta Analysis
GOLDMAN SACHS's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current GOLDMAN SACHS Beta | 1.34 |
Most of GOLDMAN SACHS's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GOLDMAN SACHS CDR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, GOLDMAN SACHS CDR has a Beta of 1.342. This is 63.66% higher than that of the Capital Markets sector and 42.65% lower than that of the Financials industry. The beta for all Canada stocks is notably lower than that of the firm.
GOLDMAN Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GOLDMAN SACHS's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.GOLDMAN SACHS is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GOLDMAN SACHS will likely underperform.
GOLDMAN Fundamentals
| Return On Equity | 0.1 | |||
| Return On Asset | 0.0074 | |||
| Profit Margin | 0.25 % | |||
| Operating Margin | 0.33 % | |||
| Current Valuation | (270.79 B) | |||
| Shares Outstanding | 8.61 B | |||
| Price To Book | 1.70 X | |||
| Price To Sales | 5.29 X | |||
| Revenue | 46.25 B | |||
| Gross Profit | 37.53 B | |||
| Net Income | 8.52 B | |||
| Total Debt | 83.15 B | |||
| Book Value Per Share | 327.61 X | |||
| Cash Flow From Operations | (17.39 B) | |||
| Earnings Per Share | 1.73 X | |||
| Price To Earnings To Growth | 3.95 X | |||
| Number Of Employees | 46.4 K | |||
| Beta | 1.34 | |||
| Market Capitalization | 261.28 B | |||
| Total Asset | 1.64 T | |||
| Retained Earnings | 143.69 B | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 1.64 T | |||
| Last Dividend Paid | 11.25 |
About GOLDMAN SACHS Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GOLDMAN SACHS CDR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GOLDMAN SACHS using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GOLDMAN SACHS CDR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Stock
Moving against GOLDMAN Stock
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 CDR 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 CDR 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.Other Information on Investing in GOLDMAN Stock
GOLDMAN SACHS financial ratios help investors to determine whether GOLDMAN 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 GOLDMAN with respect to the benefits of owning GOLDMAN SACHS security.