GOLDLINK INSURANCE (Nigeria) Market Value
| GOLDINSURE | 0.20 0.00 0.00% |
| Symbol | GOLDLINK |
GOLDLINK INSURANCE '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 GOLDLINK INSURANCE'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 GOLDLINK INSURANCE.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GOLDLINK INSURANCE on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding GOLDLINK INSURANCE PLC or generate 0.0% return on investment in GOLDLINK INSURANCE over 30 days.
GOLDLINK INSURANCE 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 GOLDLINK INSURANCE'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 GOLDLINK INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
GOLDLINK INSURANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOLDLINK INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOLDLINK INSURANCE's standard deviation. In reality, there are many statistical measures that can use GOLDLINK INSURANCE historical prices to predict the future GOLDLINK INSURANCE's volatility.GOLDLINK INSURANCE PLC Backtested Returns
We have found three technical indicators for GOLDLINK INSURANCE PLC, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and GOLDLINK INSURANCE are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
GOLDLINK INSURANCE PLC has perfect predictability. Overlapping area represents the amount of predictability between GOLDLINK INSURANCE time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 GOLDLINK INSURANCE PLC price movement. The serial correlation of 1.0 indicates that 100.0% of current GOLDLINK INSURANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GOLDLINK INSURANCE PLC lagged returns against current returns
Autocorrelation, which is GOLDLINK INSURANCE 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 GOLDLINK INSURANCE's stock expected returns. We can calculate the autocorrelation of GOLDLINK INSURANCE returns to help us make a trade decision. For example, suppose you find that GOLDLINK INSURANCE 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 |
GOLDLINK INSURANCE 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 GOLDLINK INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOLDLINK INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOLDLINK INSURANCE stock over time.
Current vs Lagged Prices |
| Timeline |
GOLDLINK INSURANCE Lagged Returns
When evaluating GOLDLINK INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOLDLINK INSURANCE stock have on its future price. GOLDLINK INSURANCE 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, GOLDLINK INSURANCE autocorrelation shows the relationship between GOLDLINK INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in GOLDLINK INSURANCE PLC.
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.Additional Tools for GOLDLINK Stock Analysis
When running GOLDLINK INSURANCE's price analysis, check to measure GOLDLINK INSURANCE'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 GOLDLINK INSURANCE is operating at the current time. Most of GOLDLINK INSURANCE's value examination focuses on studying past and present price action to predict the probability of GOLDLINK INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOLDLINK INSURANCE's price. Additionally, you may evaluate how the addition of GOLDLINK INSURANCE to your portfolios can decrease your overall portfolio volatility.