Gilead Sciences (Brazil) Market Value
| GILD34 Stock | BRL 279.28 6.31 2.31% |
| 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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Gilead Sciences on June 2, 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 180 days. Gilead Sciences is related to or competes with Johnson Johnson, Merck, AbbVie, Bristol Myers, 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 | 2.29 | |||
| Information Ratio | 0.1915 | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 2.49 |
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 | 0.2154 | |||
| Jensen Alpha | 0.3519 | |||
| Total Risk Alpha | 0.1771 | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | 0.8913 |
Gilead Sciences Backtested Returns
Gilead Sciences appears to be very steady, given 3 months investment horizon. Gilead Sciences holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gilead Sciences, which you can use to evaluate the volatility of the firm. Please utilize Gilead Sciences' Downside Deviation of 2.29, risk adjusted performance of 0.2154, and Market Risk Adjusted Performance of 0.9013 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 19. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. 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 standard deviation and total risk alpha , to make a quick decision on whether Gilead Sciences' current trending patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Gilead Sciences has good predictability. Overlapping area represents the amount of predictability between Gilead Sciences time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Gilead Sciences price movement. The serial correlation of 0.77 indicates that around 77.0% of current Gilead Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 335.51 |
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 |
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.Additional Information and Resources on Investing in Gilead Stock
When determining whether Gilead Sciences is a strong investment it is important to analyze Gilead Sciences' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gilead Sciences' future performance. For an informed investment choice regarding Gilead Stock, refer to the following important reports:Check out Gilead Sciences Correlation, Gilead Sciences Volatility and Gilead Sciences Alpha and Beta module to complement your research on Gilead Sciences. For information on how to trade Gilead Stock refer to our How to Trade Gilead Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Gilead Sciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.