Golden Star Acquisition Market Value
| GODNUDelisted Stock | 3.11 5.09 62.07% |
| 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 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.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Golden Star on November 2, 2024 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 90 days. Golden Star is related to or competes with Compania Cervecerias, Tarsus Pharmaceuticals, Fomento Economico, Diageo PLC, Oatly Group, Ambev SA, and Keurig Dr. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 112.11 | |||
| Value At Risk | (6.28) | |||
| Potential Upside | 9.73 |
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 | (0.05) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (2.25) | |||
| Treynor Ratio | 0.1982 |
Golden Star Acquisition Backtested Returns
Golden Star Acquisition holds Efficiency (Sharpe) Ratio of -0.073, which attests that the entity had a -0.073 % return per unit of risk over the last 3 months. Golden Star Acquisition exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golden Star's Market Risk Adjusted Performance of 0.2082, risk adjusted performance of (0.05), and Standard Deviation of 12.38 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -4.61, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Golden Star are expected to decrease by larger amounts. On the other hand, during market turmoil, Golden Star is expected to outperform it. At this point, Golden Star Acquisition has a negative expected return of -0.9%. Please make sure to check out Golden Star's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Golden Star Acquisition performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Golden Star Acquisition has virtually no predictability. Overlapping area represents the amount of predictability between Golden Star time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 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 Star Acquisition price movement. The serial correlation of 0.03 indicates that only 3.0% of current Golden Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 6.86 |
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 |
Thematic Opportunities
Explore Investment Opportunities
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Golden Stock
If you are still planning to invest in Golden Star Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Golden Star's history and understand the potential risks before investing.
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