Royal Gold Stock Technical Analysis
| RGLD Stock | USD 125.37 1.96 1.59% |
As of the 10th of May, Royal Gold holds the Semi Deviation of 1.69, risk adjusted performance of 0.0688, and Coefficient Of Variation of 997.98. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Royal Gold, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Royal Gold, which can be compared to its competitors. Please check Royal Gold jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Royal Gold is priced some-what accurately, providing market reflects its current price of 125.37 per share. Given that Royal Gold has jensen alpha of 0.0882, we recommend you to check out Royal Gold's recent market performance to make sure the company can sustain itself at a future point.
Royal Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Royal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RoyalRoyal |
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.
Royal Gold Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Royal Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Royal Gold Trend Analysis
Use this graph to draw trend lines for Royal Gold. You can use it to identify possible trend reversals for Royal Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Royal Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Royal Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Royal Gold applied against its price change over selected period. The best fit line has a slop of 0.37 , which means Royal Gold will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5243.31, which is the sum of squared deviations for the predicted Royal Gold price change compared to its average price change.About Royal Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Royal Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Royal Gold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Royal Gold price pattern first instead of the macroeconomic environment surrounding Royal Gold. By analyzing Royal Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Royal Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Royal Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
Royal Gold May 10, 2024 Technical Indicators
Most technical analysis of Royal help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Royal from various momentum indicators to cycle indicators. When you analyze Royal charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0688 | |||
| Market Risk Adjusted Performance | 0.1445 | |||
| Mean Deviation | 1.48 | |||
| Semi Deviation | 1.69 | |||
| Downside Deviation | 1.99 | |||
| Coefficient Of Variation | 997.98 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.13 | |||
| Information Ratio | 0.0592 | |||
| Jensen Alpha | 0.0882 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0604 | |||
| Treynor Ratio | 0.1345 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.94 | |||
| Downside Variance | 3.97 | |||
| Semi Variance | 2.87 | |||
| Expected Short fall | (1.47) | |||
| Skewness | 0.7429 | |||
| Kurtosis | 3.33 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Royal Stock analysis
When running Royal Gold's price analysis, check to measure Royal Gold'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 Royal Gold is operating at the current time. Most of Royal Gold's value examination focuses on studying past and present price action to predict the probability of Royal Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Gold's price. Additionally, you may evaluate how the addition of Royal Gold to your portfolios can decrease your overall portfolio volatility.
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Is Royal Gold's industry 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.
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.