Royal Gold Stock Market Value
| RGLD Stock | USD 145.67 0.64 0.44% |
| Symbol | Royal |
Royal Gold Price To Book Ratio
Is Metals & Mining 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 Royal Gold. If investors know Royal 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 Royal Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.142 | Dividend Share 0.6 | Earnings Share 4.36 | Revenue Per Share 9.842 | Quarterly Revenue Growth 0.059 |
The market value of Royal Gold is measured differently than its book value, which is the value of Royal that is recorded on the company's balance sheet. Investors also form their own opinion of Royal Gold's value that differs from its market value or its book value, called intrinsic value, which is Royal Gold'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 Royal Gold's market value can be influenced by many factors that don't directly affect Royal Gold'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 Royal Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Gold'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.
Royal Gold '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 Royal Gold'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 Royal Gold.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Royal Gold on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Royal Gold or generate 0.0% return on investment in Royal Gold over 570 days. Royal Gold is related to or competes with Wheaton Precious, Agnico Eagle, Sandstorm Gold, Osisko Gold, Franco Nevada, Pan American, and SSR Mining. Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related in... More
Royal Gold 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 Royal Gold'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 Royal Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.44 |
Royal Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Gold's standard deviation. In reality, there are many statistical measures that can use Royal Gold historical prices to predict the future Royal Gold's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0231 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2207 |
Royal Gold Backtested Returns
At this point, Royal Gold is very steady. Royal Gold maintains Sharpe Ratio (i.e., Efficiency) of 0.0861, which implies the firm had a 0.0861% return per unit of risk over the last 3 months. We have found thirty technical indicators for Royal Gold, which you can use to evaluate the volatility of the company. Please check Royal Gold's Semi Deviation of 1.71, risk adjusted performance of 0.0327, and Coefficient Of Variation of 2796.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Royal Gold has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Royal Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royal Gold is expected to be smaller as well. Royal Gold right now holds a risk of 1.59%. Please check Royal Gold accumulation distribution, and the relationship between the semi variance and day typical price , to decide if Royal Gold will be following its historical price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Royal Gold has poor reverse predictability. Overlapping area represents the amount of predictability between Royal Gold time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Royal Gold price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Royal Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 160.09 |
Royal Gold lagged returns against current returns
Autocorrelation, which is Royal Gold 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 Royal Gold's stock expected returns. We can calculate the autocorrelation of Royal Gold returns to help us make a trade decision. For example, suppose you find that Royal Gold 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 |
Royal Gold 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 Royal Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Gold Lagged Returns
When evaluating Royal Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Gold stock have on its future price. Royal Gold 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, Royal Gold autocorrelation shows the relationship between Royal Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Gold.
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.When determining whether Royal Gold is a strong investment it is important to analyze Royal Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Royal Gold's future performance. For an informed investment choice regarding Royal Stock, refer to the following important reports:Check out Royal Gold Correlation, Royal Gold Volatility and Royal Gold Alpha and Beta module to complement your research on Royal Gold. For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Royal Gold 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.