Gilead Sciences (Mexico) Market Value
| GILD Stock | MXN 1,892 79.51 4.39% |
| Symbol | Gilead |
Gilead Sciences '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 Gilead Sciences' 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 Gilead Sciences.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Gilead Sciences on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gilead Sciences or generate 0.0% return on investment in Gilead Sciences over 30 days. Gilead Sciences is related to or competes with Roche Holding, Amgen, Biogen. Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in ... More
Gilead Sciences 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 Gilead Sciences' 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 Gilead Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1511 | |||
| Maximum Drawdown | 21.1 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 4.39 |
Gilead Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gilead Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gilead Sciences' standard deviation. In reality, there are many statistical measures that can use Gilead Sciences historical prices to predict the future Gilead Sciences' volatility.| Risk Adjusted Performance | 0.1649 | |||
| Jensen Alpha | 0.4708 | |||
| Total Risk Alpha | 0.0885 | |||
| Sortino Ratio | 0.1151 | |||
| Treynor Ratio | 2.09 |
Gilead Sciences Backtested Returns
Gilead Sciences appears to be very steady, given 3 months investment horizon. Gilead Sciences holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Gilead Sciences' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Gilead Sciences' Downside Deviation of 3.25, market risk adjusted performance of 2.1, and Risk Adjusted Performance of 0.1649 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gilead Sciences holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gilead Sciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gilead Sciences is expected to be smaller as well. Please check Gilead Sciences' 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 Gilead Sciences' current trending patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Gilead Sciences has very good predictability. Overlapping area represents the amount of predictability between Gilead Sciences time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Gilead Sciences price movement. The serial correlation of 0.83 indicates that around 83.0% of current Gilead Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 2104.0 |
Gilead Sciences lagged returns against current returns
Autocorrelation, which is Gilead Sciences 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 Gilead Sciences' stock expected returns. We can calculate the autocorrelation of Gilead Sciences returns to help us make a trade decision. For example, suppose you find that Gilead Sciences 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 |
Gilead Sciences 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 Gilead Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gilead Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gilead Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Gilead Sciences Lagged Returns
When evaluating Gilead Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gilead Sciences stock have on its future price. Gilead Sciences 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, Gilead Sciences autocorrelation shows the relationship between Gilead Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Gilead Sciences.
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 Gilead Stock Analysis
When running Gilead Sciences' price analysis, check to measure Gilead Sciences' 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 Gilead Sciences is operating at the current time. Most of Gilead Sciences' value examination focuses on studying past and present price action to predict the probability of Gilead Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gilead Sciences' price. Additionally, you may evaluate how the addition of Gilead Sciences to your portfolios can decrease your overall portfolio volatility.