Gold Fields (Brazil) Market Value
| G1FI34 Stock | BRL 45.04 0.99 2.25% |
| Symbol | Gold |
Gold Fields '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 Fields' 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 Fields.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Gold Fields on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Fields Limited or generate 0.0% return on investment in Gold Fields over 90 days. Gold Fields is related to or competes with Newmont, Sibanye Stillwater, Aura Minerals. More
Gold Fields 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 Fields' 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 Fields Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.0511 | |||
| Maximum Drawdown | 12.93 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 5.27 |
Gold Fields Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Fields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Fields' standard deviation. In reality, there are many statistical measures that can use Gold Fields historical prices to predict the future Gold Fields' volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 0.2816 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0516 | |||
| Treynor Ratio | (0.88) |
Gold Fields Limited Backtested Returns
Gold Fields appears to be very steady, given 3 months investment horizon. Gold Fields Limited holds Efficiency (Sharpe) Ratio of 0.0794, which attests that the entity had a 0.0794% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gold Fields Limited, which you can use to evaluate the volatility of the firm. Please utilize Gold Fields' Downside Deviation of 2.61, market risk adjusted performance of (0.87), and Risk Adjusted Performance of 0.0782 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Fields holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gold Fields are expected to decrease at a much lower rate. During the bear market, Gold Fields is likely to outperform the market. Please check Gold Fields' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Gold Fields' current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Gold Fields Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Gold Fields time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Fields Limited price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Gold Fields price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 6.85 |
Gold Fields Limited lagged returns against current returns
Autocorrelation, which is Gold Fields 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 Fields' stock expected returns. We can calculate the autocorrelation of Gold Fields returns to help us make a trade decision. For example, suppose you find that Gold Fields 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 Fields 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 Fields stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Fields stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Fields stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Fields Lagged Returns
When evaluating Gold Fields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Fields stock have on its future price. Gold Fields 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 Fields autocorrelation shows the relationship between Gold Fields stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Fields Limited.
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 Fields 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 Fields security.