Golden Metal (UK) Market Value
| GMET Stock | 33.00 0.20 0.61% |
| Symbol | Golden |
Golden Metal '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 Metal'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 Metal.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Golden Metal on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Golden Metal Resources or generate 0.0% return on investment in Golden Metal over 30 days. Golden Metal is related to or competes with Ryanair Holdings, Ross Stores, Spirent Communications, Zoom Video, Amedeo Air, Pentair PLC, and Porvair Plc. Golden Metal is entity of United Kingdom More
Golden Metal 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 Metal'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 Metal Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0867 | |||
| Maximum Drawdown | 27.56 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 6.67 |
Golden Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Metal's standard deviation. In reality, there are many statistical measures that can use Golden Metal historical prices to predict the future Golden Metal's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.4405 | |||
| Total Risk Alpha | 0.0105 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | (1.64) |
Golden Metal Resources Backtested Returns
Golden Metal appears to be not too volatile, given 3 months investment horizon. Golden Metal Resources 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 twenty-eight technical indicators for Golden Metal Resources, which you can use to evaluate the volatility of the firm. Please utilize Golden Metal's Market Risk Adjusted Performance of (1.63), downside deviation of 3.03, and Risk Adjusted Performance of 0.1022 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Metal holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Golden Metal are expected to decrease at a much lower rate. During the bear market, Golden Metal is likely to outperform the market. Please check Golden Metal's 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 Golden Metal's current trending patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Golden Metal Resources has poor predictability. Overlapping area represents the amount of predictability between Golden Metal time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 Metal Resources price movement. The serial correlation of 0.25 indicates that over 25.0% of current Golden Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Golden Metal Resources lagged returns against current returns
Autocorrelation, which is Golden Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of Golden Metal returns to help us make a trade decision. For example, suppose you find that Golden Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Metal Lagged Returns
When evaluating Golden Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Metal stock have on its future price. Golden Metal 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 Metal autocorrelation shows the relationship between Golden Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Metal Resources.
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 Golden Stock Analysis
When running Golden Metal's price analysis, check to measure Golden Metal'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 Metal is operating at the current time. Most of Golden Metal's value examination focuses on studying past and present price action to predict the probability of Golden Metal'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 Metal's price. Additionally, you may evaluate how the addition of Golden Metal to your portfolios can decrease your overall portfolio volatility.