Gold By (France) Market Value
| ALGLD Stock | EUR 4.90 0.10 2.00% |
| Symbol | Gold |
Gold By '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 Gold By's 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 Gold By.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Gold By on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Gold By Gold or generate 0.0% return on investment in Gold By over 720 days. Gold By is related to or competes with Sidetrade, CMG Cleantech, Gaztransport Technigaz, Jacquet Metal, Credit Agricole, Eutelsat Communications, and Metalliance. Gold By Gold SA engages in the extraction, refining, and trading of precious metals for individuals and professionals in... More
Gold By 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 Gold By's 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 Gold By Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.2 | |||
| Information Ratio | 0.1227 | |||
| Maximum Drawdown | 52.5 | |||
| Value At Risk | (13.57) | |||
| Potential Upside | 18.31 |
Gold By Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold By's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold By's standard deviation. In reality, there are many statistical measures that can use Gold By historical prices to predict the future Gold By's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1339 | |||
| Treynor Ratio | (2.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold By's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gold By Gold Backtested Returns
Gold By is very risky given 3 months investment horizon. Gold By Gold holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.44% are justified by taking the suggested risk. Use Gold By Gold Risk Adjusted Performance of 0.1147, downside deviation of 8.2, and Market Risk Adjusted Performance of (2.45) to evaluate company specific risk that cannot be diversified away. Gold By holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gold By are expected to decrease at a much lower rate. During the bear market, Gold By is likely to outperform the market. Use Gold By Gold potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to analyze future returns on Gold By Gold.
Auto-correlation | -0.67 |
Very good reverse predictability
Gold By Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Gold By time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gold By Gold price movement. The serial correlation of -0.67 indicates that around 67.0% of current Gold By price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Gold By Gold lagged returns against current returns
Autocorrelation, which is Gold By 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 Gold By's stock expected returns. We can calculate the autocorrelation of Gold By returns to help us make a trade decision. For example, suppose you find that Gold By 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 |
Gold By 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 Gold By stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold By stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold By stock over time.
Current vs Lagged Prices |
| Timeline |
Gold By Lagged Returns
When evaluating Gold By's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold By stock have on its future price. Gold By 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, Gold By autocorrelation shows the relationship between Gold By stock current value and its past values and can show if there is a momentum factor associated with investing in Gold By Gold.
Regressed Prices |
| Timeline |
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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.Additional Tools for Gold Stock Analysis
When running Gold By's price analysis, check to measure Gold By'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 Gold By is operating at the current time. Most of Gold By's value examination focuses on studying past and present price action to predict the probability of Gold By's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold By's price. Additionally, you may evaluate how the addition of Gold By to your portfolios can decrease your overall portfolio volatility.