Gold Bullion (France) Market Value
| GBS Etf | EUR 239.03 5.17 2.21% |
| Symbol | Gold |
Gold Bullion '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 Bullion's etf 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 Bullion.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Gold Bullion on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Bullion Securities or generate 0.0% return on investment in Gold Bullion over 270 days. Gold Bullion is related to or competes with Lyxor UCITS, Lyxor UCITS, Xtrackers MSCI, and SPDR SP. More
Gold Bullion 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 Bullion's etf 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 Bullion Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7658 | |||
| Information Ratio | 0.1186 | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.57 |
Gold Bullion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Bullion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Bullion's standard deviation. In reality, there are many statistical measures that can use Gold Bullion historical prices to predict the future Gold Bullion's volatility.| Risk Adjusted Performance | 0.2219 | |||
| Jensen Alpha | 0.2083 | |||
| Total Risk Alpha | 0.091 | |||
| Sortino Ratio | 0.1186 | |||
| Treynor Ratio | 7.61 |
Gold Bullion Securities Backtested Returns
Gold Bullion appears to be very steady, given 3 months investment horizon. Gold Bullion Securities holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gold Bullion Securities, which you can use to evaluate the volatility of the entity. Please utilize Gold Bullion's Risk Adjusted Performance of 0.2219, market risk adjusted performance of 7.62, and Downside Deviation of 0.7658 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.0278, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gold Bullion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Bullion is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Gold Bullion Securities has modest predictability. Overlapping area represents the amount of predictability between Gold Bullion time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Bullion Securities price movement. The serial correlation of 0.53 indicates that about 53.0% of current Gold Bullion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 117.7 |
Gold Bullion Securities lagged returns against current returns
Autocorrelation, which is Gold Bullion etf'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 Bullion's etf expected returns. We can calculate the autocorrelation of Gold Bullion returns to help us make a trade decision. For example, suppose you find that Gold Bullion has exhibited high autocorrelation historically, and you observe that the etf 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 Bullion 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 Bullion etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Bullion etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Bullion etf over time.
Current vs Lagged Prices |
| Timeline |
Gold Bullion Lagged Returns
When evaluating Gold Bullion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Bullion etf have on its future price. Gold Bullion 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 Bullion autocorrelation shows the relationship between Gold Bullion etf current value and its past values and can show if there is a momentum factor associated with investing in Gold Bullion Securities.
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.Other Information on Investing in Gold Etf
Gold Bullion financial ratios help investors to determine whether Gold Etf 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 Bullion security.