GOLD ROAD (Germany) Market Value

E6Q Stock  EUR 1.15  0.04  3.60%   
GOLD ROAD's market value is the price at which a share of GOLD ROAD trades on a public exchange. It measures the collective expectations of GOLD ROAD RES investors about its performance. GOLD ROAD is trading at 1.15 as of the 23rd of November 2024, a 3.60 percent up since the beginning of the trading day. The stock's lowest day price was 1.15.
With this module, you can estimate the performance of a buy and hold strategy of GOLD ROAD RES and determine expected loss or profit from investing in GOLD ROAD over a given investment horizon. Check out GOLD ROAD Correlation, GOLD ROAD Volatility and GOLD ROAD Alpha and Beta module to complement your research on GOLD ROAD.
Symbol

Please note, there is a significant difference between GOLD ROAD's value and its price as these two are different measures arrived at by different means. Investors typically determine if GOLD ROAD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GOLD ROAD'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.

GOLD ROAD '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 ROAD'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 ROAD.
0.00
10/24/2024
No Change 0.00  0.0 
In 31 days
11/23/2024
0.00
If you would invest  0.00  in GOLD ROAD on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GOLD ROAD RES or generate 0.0% return on investment in GOLD ROAD over 30 days. GOLD ROAD is related to or competes with Japan Post, Amkor Technology, LIFENET INSURANCE, Computer, SBI Insurance, and Selective Insurance. More

GOLD ROAD 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 ROAD'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 ROAD RES upside and downside potential and time the market with a certain degree of confidence.

GOLD ROAD Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for GOLD ROAD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOLD ROAD's standard deviation. In reality, there are many statistical measures that can use GOLD ROAD historical prices to predict the future GOLD ROAD's volatility.
Hype
Prediction
LowEstimatedHigh
0.061.153.21
Details
Intrinsic
Valuation
LowRealHigh
0.050.922.98
Details
Naive
Forecast
LowNextHigh
0.021.173.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.011.111.21
Details

GOLD ROAD RES Backtested Returns

GOLD ROAD appears to be very risky, given 3 months investment horizon. GOLD ROAD RES holds Efficiency (Sharpe) Ratio of 0.0996, which attests that the entity had a 0.0996% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GOLD ROAD RES, which you can use to evaluate the volatility of the firm. Please utilize GOLD ROAD's Semi Deviation of 1.66, risk adjusted performance of 0.0827, and Market Risk Adjusted Performance of 0.8949 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOLD ROAD holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GOLD ROAD's returns are expected to increase less than the market. However, during the bear market, the loss of holding GOLD ROAD is expected to be smaller as well. Please check GOLD ROAD's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether GOLD ROAD's current trending patterns will revert.

Auto-correlation

    
  -0.68  

Very good reverse predictability

GOLD ROAD RES has very good reverse predictability. Overlapping area represents the amount of predictability between GOLD ROAD time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 ROAD RES price movement. The serial correlation of -0.68 indicates that around 68.0% of current GOLD ROAD price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.0

GOLD ROAD RES lagged returns against current returns

Autocorrelation, which is GOLD ROAD 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 ROAD's stock expected returns. We can calculate the autocorrelation of GOLD ROAD returns to help us make a trade decision. For example, suppose you find that GOLD ROAD 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 ROAD 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 ROAD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOLD ROAD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOLD ROAD stock over time.
   Current vs Lagged Prices   
       Timeline  

GOLD ROAD Lagged Returns

When evaluating GOLD ROAD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOLD ROAD stock have on its future price. GOLD ROAD 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 ROAD autocorrelation shows the relationship between GOLD ROAD stock current value and its past values and can show if there is a momentum factor associated with investing in GOLD ROAD RES.
   Regressed Prices   
       Timeline  

Also Currently Popular

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.

Other Information on Investing in GOLD Stock

GOLD ROAD financial ratios help investors to determine whether GOLD 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 GOLD with respect to the benefits of owning GOLD ROAD security.