Gol Linhas (Brazil) Market Value
| GOLL4 Preferred Stock | BRL 1.60 0.13 8.84% |
| Symbol | Gol |
Gol Linhas '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 Gol Linhas' preferred 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 Gol Linhas.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Gol Linhas on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Gol Linhas Areas or generate 0.0% return on investment in Gol Linhas over 510 days. Gol Linhas is related to or competes with Fras Le, Indstrias Romi, BTG Pactual, Telefonaktiebolaget, Cable One, Randon SA, and Alphabet. GOL Linhas Areas Inteligentes S.A. provides air passenger transportation services in Brazil and rest of South America, t... More
Gol Linhas 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 Gol Linhas' preferred 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 Gol Linhas Areas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1555 | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 5.61 |
Gol Linhas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gol Linhas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gol Linhas' standard deviation. In reality, there are many statistical measures that can use Gol Linhas historical prices to predict the future Gol Linhas' volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.5375 | |||
| Total Risk Alpha | 0.1196 | |||
| Sortino Ratio | 0.1719 | |||
| Treynor Ratio | 0.8614 |
Gol Linhas Areas Backtested Returns
Gol Linhas appears to be very risky, given 3 months investment horizon. Gol Linhas Areas holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Gol Linhas' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Gol Linhas' Market Risk Adjusted Performance of 0.8714, risk adjusted performance of 0.1568, and Downside Deviation of 2.94 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gol Linhas holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gol Linhas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gol Linhas is expected to be smaller as well. Please check Gol Linhas' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Gol Linhas' current trending patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Gol Linhas Areas has average predictability. Overlapping area represents the amount of predictability between Gol Linhas time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Gol Linhas Areas price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Gol Linhas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Gol Linhas Areas lagged returns against current returns
Autocorrelation, which is Gol Linhas preferred 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 Gol Linhas' preferred stock expected returns. We can calculate the autocorrelation of Gol Linhas returns to help us make a trade decision. For example, suppose you find that Gol Linhas has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Gol Linhas 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 Gol Linhas preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gol Linhas preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gol Linhas preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Gol Linhas Lagged Returns
When evaluating Gol Linhas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gol Linhas preferred stock have on its future price. Gol Linhas 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, Gol Linhas autocorrelation shows the relationship between Gol Linhas preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Gol Linhas Areas.
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 Gol Preferred Stock Analysis
When running Gol Linhas' price analysis, check to measure Gol Linhas' 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 Gol Linhas is operating at the current time. Most of Gol Linhas' value examination focuses on studying past and present price action to predict the probability of Gol Linhas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gol Linhas' price. Additionally, you may evaluate how the addition of Gol Linhas to your portfolios can decrease your overall portfolio volatility.