Gold Rain (Taiwan) Market Value
| 4503 Stock | TWD 54.30 0.80 1.45% |
| Symbol | Gold |
Gold Rain '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 Rain'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 Rain.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Gold Rain on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Gold Rain Enterprises or generate 0.0% return on investment in Gold Rain over 720 days. Gold Rain is related to or competes with Ma Kuang, China Metal, Kindom Construction, Chien Kuo, Shieh Yih, Pacific Construction, and New Asia. More
Gold Rain 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 Rain'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 Gold Rain Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0771 | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 5.0 |
Gold Rain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Rain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Rain's standard deviation. In reality, there are many statistical measures that can use Gold Rain historical prices to predict the future Gold Rain's volatility.| Risk Adjusted Performance | 0.0795 | |||
| Jensen Alpha | 0.183 | |||
| Total Risk Alpha | 0.1302 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | 0.3444 |
Gold Rain Enterprises Backtested Returns
At this stage we consider Gold Stock to be very steady. Gold Rain Enterprises holds Efficiency (Sharpe) Ratio of 0.02, which attests that the entity had a 0.02% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gold Rain Enterprises, which you can use to evaluate the volatility of the firm. Please check out Gold Rain's Market Risk Adjusted Performance of 0.3544, risk adjusted performance of 0.0795, and Downside Deviation of 1.48 to validate if the risk estimate we provide is consistent with the expected return of 0.0386%. Gold Rain has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gold Rain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Rain is expected to be smaller as well. Gold Rain Enterprises right now retains a risk of 1.92%. Please check out Gold Rain semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Gold Rain will be following its current trending patterns.
Auto-correlation | 0.29 |
Poor predictability
Gold Rain Enterprises has poor predictability. Overlapping area represents the amount of predictability between Gold Rain time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th of December 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 Rain Enterprises price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Gold Rain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 30.86 |
Gold Rain Enterprises lagged returns against current returns
Autocorrelation, which is Gold Rain 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 Rain's stock expected returns. We can calculate the autocorrelation of Gold Rain returns to help us make a trade decision. For example, suppose you find that Gold Rain 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 Rain 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 Rain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Rain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Rain stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Rain Lagged Returns
When evaluating Gold Rain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Rain stock have on its future price. Gold Rain 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 Rain autocorrelation shows the relationship between Gold Rain stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Rain Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with Gold Rain
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gold Rain position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gold Rain will appreciate offsetting losses from the drop in the long position's value.Moving against Gold Stock
| 0.49 | 1303 | Nan Ya Plastics | PairCorr |
| 0.42 | 2002 | China Steel Corp | PairCorr |
| 0.35 | 2002A | China Steel Corp | PairCorr |
| 0.33 | 6160 | Cipherlab | PairCorr |
The ability to find closely correlated positions to Gold Rain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Rain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gold Rain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gold Rain Enterprises to buy it.
The correlation of Gold Rain is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Rain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Rain Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gold Rain can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Gold Stock Analysis
When running Gold Rain's price analysis, check to measure Gold Rain'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 Gold Rain is operating at the current time. Most of Gold Rain's value examination focuses on studying past and present price action to predict the probability of Gold Rain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Rain's price. Additionally, you may evaluate how the addition of Gold Rain to your portfolios can decrease your overall portfolio volatility.