Golden Energy (Norway) Market Value
| GEOS Stock | NOK 17.25 5.65 24.67% |
| Symbol | Golden |
Golden Energy '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 Golden Energy'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 Golden Energy.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Golden Energy on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Golden Energy Offshore or generate 0.0% return on investment in Golden Energy over 720 days. Golden Energy is related to or competes with Havila Shipping, Shelf Drilling, Solstad Offsho, and Eidesvik Offshore. Golden Energy Offshore Services AS, together with its subsidiaries, engages in the shipping business in Europe and Afric... More
Golden Energy 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 Golden Energy'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 Golden Energy Offshore upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 23.34 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 5.53 |
Golden Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Energy's standard deviation. In reality, there are many statistical measures that can use Golden Energy historical prices to predict the future Golden Energy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | 0.7928 |
Golden Energy Offshore Backtested Returns
Golden Energy Offshore holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Golden Energy Offshore exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golden Energy's Risk Adjusted Performance of (0.06), standard deviation of 5.57, and Market Risk Adjusted Performance of 0.8028 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Golden Energy are expected to decrease at a much lower rate. During the bear market, Golden Energy is likely to outperform the market. At this point, Golden Energy Offshore has a negative expected return of -0.6%. Please make sure to check out Golden Energy's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Golden Energy Offshore performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Golden Energy Offshore has poor reverse predictability. Overlapping area represents the amount of predictability between Golden Energy time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Golden Energy Offshore price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Golden Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 16.11 |
Golden Energy Offshore lagged returns against current returns
Autocorrelation, which is Golden Energy 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 Golden Energy's stock expected returns. We can calculate the autocorrelation of Golden Energy returns to help us make a trade decision. For example, suppose you find that Golden Energy 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 |
Golden Energy 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 Golden Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Energy Lagged Returns
When evaluating Golden Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Energy stock have on its future price. Golden Energy 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, Golden Energy autocorrelation shows the relationship between Golden Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Energy Offshore.
Regressed Prices |
| Timeline |
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Golden Energy financial ratios help investors to determine whether Golden 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 Golden with respect to the benefits of owning Golden Energy security.