Golden Star Resource Stock Market Value
| GLNS Stock | USD 1.15 0.00 0.00% |
| Symbol | Golden |
Golden Star '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 Star's otc 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 Star.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Golden Star on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Star Resource or generate 0.0% return on investment in Golden Star over 270 days. Golden Star is related to or competes with Itron, Omega Healthcare, Blacksky Technology, Red Cat, 00108WAF7, Charles Schwab, and Autonomix Medical,. More
Golden Star 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 Star's otc 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 Star Resource upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 15.0 |
Golden Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Star's standard deviation. In reality, there are many statistical measures that can use Golden Star historical prices to predict the future Golden Star's volatility.| Risk Adjusted Performance | 0.1002 | |||
| Jensen Alpha | 0.2192 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (13.84) |
Golden Star Resource Backtested Returns
Golden Star appears to be very risky, given 3 months investment horizon. Golden Star Resource holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Golden Star Resource, which you can use to evaluate the volatility of the firm. Please utilize Golden Star's Standard Deviation of 1.85, risk adjusted performance of 0.1002, and Market Risk Adjusted Performance of (13.83) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Star holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.0157, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Golden Star are expected to decrease at a much lower rate. During the bear market, Golden Star is likely to outperform the market. Please check Golden Star's standard deviation, skewness, as well as the relationship between the Skewness and relative strength index , to make a quick decision on whether Golden Star's current trending patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Golden Star Resource has poor predictability. Overlapping area represents the amount of predictability between Golden Star time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 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 Star Resource price movement. The serial correlation of 0.25 indicates that over 25.0% of current Golden Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Golden Star Resource lagged returns against current returns
Autocorrelation, which is Golden Star otc 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 Star's otc stock expected returns. We can calculate the autocorrelation of Golden Star returns to help us make a trade decision. For example, suppose you find that Golden Star has exhibited high autocorrelation historically, and you observe that the otc 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 Star 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 Star otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Star otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Star otc stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Star Lagged Returns
When evaluating Golden Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Star otc stock have on its future price. Golden Star 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 Star autocorrelation shows the relationship between Golden Star otc stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Star Resource.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Golden OTC Stock Analysis
When running Golden Star's price analysis, check to measure Golden Star's 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 Golden Star is operating at the current time. Most of Golden Star's value examination focuses on studying past and present price action to predict the probability of Golden Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Star's price. Additionally, you may evaluate how the addition of Golden Star to your portfolios can decrease your overall portfolio volatility.