Gold Bond (Israel) Market Value
| GOLD Stock | ILS 14,540 270.00 1.89% |
| Symbol | Gold |
Gold Bond '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 Gold Bond'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 Gold Bond.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gold Bond on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding The Gold Bond or generate 0.0% return on investment in Gold Bond over 90 days. Gold Bond is related to or competes with Big Shopping, Al Bad, Harel Insurance, Palram, and Generation Capital. The Gold Bond Group Ltd. operates a maritime cargo terminal and custom-free warehouses in Israel More
Gold Bond 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 Gold Bond'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 The Gold Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0604 | |||
| Maximum Drawdown | 18.99 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.4 |
Gold Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Bond's standard deviation. In reality, there are many statistical measures that can use Gold Bond historical prices to predict the future Gold Bond's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.2684 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0499 | |||
| Treynor Ratio | 5.65 |
Gold Bond Backtested Returns
Gold Bond appears to be very steady, given 3 months investment horizon. Gold Bond holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gold Bond, which you can use to evaluate the volatility of the firm. Please utilize Gold Bond's Market Risk Adjusted Performance of 5.66, downside deviation of 3.08, and Risk Adjusted Performance of 0.0928 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Bond holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.0485, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gold Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Bond is expected to be smaller as well. Please check Gold Bond's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Gold Bond's current trending patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
The Gold Bond has good reverse predictability. Overlapping area represents the amount of predictability between Gold Bond time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Gold Bond price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Gold Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 369.9 K |
Gold Bond lagged returns against current returns
Autocorrelation, which is Gold Bond 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 Gold Bond's stock expected returns. We can calculate the autocorrelation of Gold Bond returns to help us make a trade decision. For example, suppose you find that Gold Bond 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 |
Gold Bond 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 Gold Bond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Bond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Bond stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Bond Lagged Returns
When evaluating Gold Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Bond stock have on its future price. Gold Bond 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, Gold Bond autocorrelation shows the relationship between Gold Bond stock current value and its past values and can show if there is a momentum factor associated with investing in The Gold Bond.
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.Other Information on Investing in Gold Stock
Gold Bond financial ratios help investors to determine whether Gold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Gold with respect to the benefits of owning Gold Bond security.