Go Solar Usa Stock Market Value
| GSLO Stock | USD 0.00002 0.00 0.00% |
| Symbol | GSLO |
Go Solar USA Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Go Solar. If investors know GSLO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Go Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (32.50) |
The market value of Go Solar USA is measured differently than its book value, which is the value of GSLO that is recorded on the company's balance sheet. Investors also form their own opinion of Go Solar's value that differs from its market value or its book value, called intrinsic value, which is Go Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Go Solar's market value can be influenced by many factors that don't directly affect Go Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Go Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Go Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Go Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Go Solar '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 Go Solar'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 Go Solar.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Go Solar on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Go Solar USA or generate 0.0% return on investment in Go Solar over 720 days. Go Solar is related to or competes with Paltalk, Sphere Entertainment, Pinterest, BCE, Uber Technologies, Arrow Electronics, and NetSol Technologies. Go Solar USA, Inc. designs, sells, and installs renewable energy systems for homes, businesses, and building projects More
Go Solar 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 Go Solar'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 Go Solar USA upside and downside potential and time the market with a certain degree of confidence.
Go Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Go Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Go Solar's standard deviation. In reality, there are many statistical measures that can use Go Solar historical prices to predict the future Go Solar's volatility.Go Solar USA Backtested Returns
Go Solar USA retains Efficiency (Sharpe Ratio) of 0.13, which attests that the entity had a 0.13% return per unit of price deviation over the last 3 months. We were able to break down and interpolate two different technical indicators, which can help you to evaluate if expected returns of 15.87% are justified by taking the suggested risk. The company owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Go Solar are completely uncorrelated.
Auto-correlation | -0.32 |
Poor reverse predictability
Go Solar USA has poor reverse predictability. Overlapping area represents the amount of predictability between Go Solar time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Go Solar USA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Go Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Go Solar USA lagged returns against current returns
Autocorrelation, which is Go Solar 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 Go Solar's stock expected returns. We can calculate the autocorrelation of Go Solar returns to help us make a trade decision. For example, suppose you find that Go Solar 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 |
Go Solar 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 Go Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Go Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Go Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Go Solar Lagged Returns
When evaluating Go Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Go Solar stock have on its future price. Go Solar 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, Go Solar autocorrelation shows the relationship between Go Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Go Solar USA.
Regressed Prices |
| Timeline |
Pair Trading with Go Solar
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 Go Solar 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 Go Solar will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Go Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Go Solar 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 Go Solar - 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 Go Solar USA to buy it.
The correlation of Go Solar 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 Go Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Go Solar USA 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 Go Solar 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.Check out Go Solar Correlation, Go Solar Volatility and Go Solar Alpha and Beta module to complement your research on Go Solar. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Go Solar 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.