Golden Haven's market value is the price at which a share of Golden Haven trades on a public exchange. It measures the collective expectations of Golden Haven Memorial investors about its performance. Golden Haven is trading at 2102.00 as of the 22nd of November 2024, a 4.19 percent decrease since the beginning of the trading day. The stock's lowest day price was 2102.0. With this module, you can estimate the performance of a buy and hold strategy of Golden Haven Memorial and determine expected loss or profit from investing in Golden Haven over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
Golden
Golden Haven '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 Haven'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 Haven.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in Golden Haven on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Haven Memorial or generate 0.0% return on investment in Golden Haven over 30 days.
Golden Haven 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 Haven'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 Haven Memorial upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Haven's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Haven's standard deviation. In reality, there are many statistical measures that can use Golden Haven historical prices to predict the future Golden Haven's volatility.
Golden Haven appears to be very steady, given 3 months investment horizon. Golden Haven Memorial holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Golden Haven Memorial, which you can use to evaluate the volatility of the firm. Please utilize Golden Haven's Downside Deviation of 4.3, market risk adjusted performance of (1.35), and Risk Adjusted Performance of 0.1308 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Haven holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Golden Haven are expected to decrease at a much lower rate. During the bear market, Golden Haven is likely to outperform the market. Please check Golden Haven's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Golden Haven's current trending patterns will revert.
Auto-correlation
0.08
Virtually no predictability
Golden Haven Memorial has virtually no predictability. Overlapping area represents the amount of predictability between Golden Haven time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Golden Haven Memorial price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Golden Haven price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
-0.26
Residual Average
0.0
Price Variance
3551.34
Golden Haven Memorial lagged returns against current returns
Autocorrelation, which is Golden Haven 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 Haven's stock expected returns. We can calculate the autocorrelation of Golden Haven returns to help us make a trade decision. For example, suppose you find that Golden Haven 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 Haven 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 Haven stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Haven stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Haven stock over time.
Current vs Lagged Prices
Timeline
Golden Haven Lagged Returns
When evaluating Golden Haven's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Haven stock have on its future price. Golden Haven 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 Haven autocorrelation shows the relationship between Golden Haven stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Haven Memorial.
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.