Gold Fields (Argentina) Market Value
| GFI Stock | ARS 15,575 475.00 2.96% |
| Symbol | Gold |
Gold Fields '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 Fields' 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 Fields.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Gold Fields on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Fields Ltd or generate 0.0% return on investment in Gold Fields over 30 days. Gold Fields is related to or competes with Harmony Gold, Agrometal SAI, Transportadora, and Compania. Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, ... More
Gold Fields 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 Fields' 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 Fields Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.84 | |||
| Value At Risk | (4.63) | |||
| Potential Upside | 5.13 |
Gold Fields Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Fields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Fields' standard deviation. In reality, there are many statistical measures that can use Gold Fields historical prices to predict the future Gold Fields' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.68) |
Gold Fields Backtested Returns
Gold Fields holds Efficiency (Sharpe) Ratio of -0.0518, which attests that the entity had a -0.0518% return per unit of risk over the last 3 months. Gold Fields exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Fields' Market Risk Adjusted Performance of (1.67), risk adjusted performance of (0.04), and Standard Deviation of 2.92 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gold Fields' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Fields is expected to be smaller as well. At this point, Gold Fields has a negative expected return of -0.15%. Please make sure to check out Gold Fields' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Gold Fields performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Gold Fields Ltd has very good predictability. Overlapping area represents the amount of predictability between Gold Fields time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Fields price movement. The serial correlation of 0.84 indicates that around 84.0% of current Gold Fields price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 221.8 K |
Gold Fields lagged returns against current returns
Autocorrelation, which is Gold Fields 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 Fields' stock expected returns. We can calculate the autocorrelation of Gold Fields returns to help us make a trade decision. For example, suppose you find that Gold Fields 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 Fields 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 Fields stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Fields stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Fields stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Fields Lagged Returns
When evaluating Gold Fields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Fields stock have on its future price. Gold Fields 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 Fields autocorrelation shows the relationship between Gold Fields stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Fields Ltd.
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 Information and Resources on Investing in Gold Stock
When determining whether Gold Fields offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Fields' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Fields Ltd Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Fields Ltd Stock:Check out Gold Fields Correlation, Gold Fields Volatility and Gold Fields Alpha and Beta module to complement your research on Gold Fields. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Gold Fields technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.