Golden Star Acquisition Stock Market Value
| GODN Stock | 11.24 0.00 0.00% |
| Symbol | Golden |
Golden Star Acquisition Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Star. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Star listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.062 | Earnings Share (1.16) | Return On Assets (0.02) |
The market value of Golden Star Acquisition is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Star's value that differs from its market value or its book value, called intrinsic value, which is Golden Star's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Star's market value can be influenced by many factors that don't directly affect Golden Star's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Star's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Golden Star on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Golden Star Acquisition or generate 0.0% return on investment in Golden Star over 510 days. Golden Star is related to or competes with Philip Morris, Constellation Brands, Willamette Valley, Sapiens International, Infosys, Paltalk, and Kaltura. Golden Star is entity of United States. It is traded as Stock on NASDAQ exchange. 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 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 Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9101 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.9058 |
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 | 0.0611 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.8809 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Golden Star's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Golden Star Acquisition Backtested Returns
As of now, Golden Stock is very steady. Golden Star Acquisition holds Efficiency (Sharpe) Ratio of 0.0908, which attests that the entity had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Golden Star Acquisition, which you can use to evaluate the volatility of the firm. Please check out Golden Star's Market Risk Adjusted Performance of 0.8909, risk adjusted performance of 0.0611, and Downside Deviation of 0.9101 to validate if the risk estimate we provide is consistent with the expected return of 0.0518%. Golden Star has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0448, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Golden Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Golden Star is expected to be smaller as well. Golden Star Acquisition right now retains a risk of 0.57%. Please check out Golden Star value at risk, and the relationship between the total risk alpha and expected short fall , to decide if Golden Star will be following its current trending patterns.
Auto-correlation | 0.94 |
Excellent predictability
Golden Star Acquisition has excellent predictability. Overlapping area represents the amount of predictability between Golden Star time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Golden Star Acquisition price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Golden Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Golden Star Acquisition lagged returns against current returns
Autocorrelation, which is Golden Star 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Star 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 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 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Star Acquisition.
Regressed Prices |
| Timeline |
Pair Trading with Golden Star
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Star position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Star will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
| 0.69 | V | Visa Class A | PairCorr |
| 0.85 | MA | Mastercard | PairCorr |
| 0.86 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Golden Stock
The ability to find closely correlated positions to Golden Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Star when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Star - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Star Acquisition to buy it.
The correlation of Golden Star is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Star Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Star can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Golden Star Correlation, Golden Star Volatility and Golden Star Alpha and Beta module to complement your research on Golden Star. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Golden Star 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.