Golden Eagle (Indonesia) Market Value
| SMMT Stock | IDR 765.00 20.00 2.55% |
| Symbol | Golden |
Golden Eagle '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 Eagle'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 Eagle.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Golden Eagle on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Eagle Energy or generate 0.0% return on investment in Golden Eagle over 30 days. Golden Eagle is related to or competes with Resource Alam, J Resources, TBS Energi, Rukun Raharja, and Samudera Indonesia. More
Golden Eagle 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 Eagle'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 Eagle Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.11 |
Golden Eagle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Eagle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Eagle's standard deviation. In reality, there are many statistical measures that can use Golden Eagle historical prices to predict the future Golden Eagle's volatility.| Risk Adjusted Performance | 0.0461 | |||
| Jensen Alpha | 0.0849 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5894 |
Golden Eagle Energy Backtested Returns
As of now, Golden Stock is very steady. Golden Eagle Energy holds Efficiency (Sharpe) Ratio of 0.053, which attests that the entity had a 0.053% return per unit of risk over the last 3 months. We have found thirty technical indicators for Golden Eagle Energy, which you can use to evaluate the volatility of the firm. Please check out Golden Eagle's Downside Deviation of 2.51, risk adjusted performance of 0.0461, and Market Risk Adjusted Performance of 0.5994 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Golden Eagle has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Golden Eagle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Golden Eagle is expected to be smaller as well. Golden Eagle Energy right now retains a risk of 2.3%. Please check out Golden Eagle jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Golden Eagle will be following its current trending patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Golden Eagle Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Golden Eagle time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Eagle Energy price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Golden Eagle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 723.14 |
Golden Eagle Energy lagged returns against current returns
Autocorrelation, which is Golden Eagle 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 Eagle's stock expected returns. We can calculate the autocorrelation of Golden Eagle returns to help us make a trade decision. For example, suppose you find that Golden Eagle 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 Eagle 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 Eagle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Eagle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Eagle stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Eagle Lagged Returns
When evaluating Golden Eagle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Eagle stock have on its future price. Golden Eagle 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 Eagle autocorrelation shows the relationship between Golden Eagle stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Eagle Energy.
Regressed Prices |
| Timeline |
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Golden Eagle financial ratios help investors to determine whether Golden 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 Golden with respect to the benefits of owning Golden Eagle security.