Royal Gold Stock Forecast - Sortino Ratio
| RGLD Stock | USD 121.01 0.94 0.78% |
Royal Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Royal Gold stock prices and determine the direction of Royal Gold's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Royal Gold's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Royal Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Royal Gold's systematic risk associated with finding meaningful patterns of Royal Gold fundamentals over time.
Check out Historical Fundamental Analysis of Royal Gold to cross-verify your projections. Royal |
Open Interest Against 2024-04-19 Royal Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Royal Gold's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Royal Gold's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Royal Gold stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Royal Gold's open interest, investors have to compare it to Royal Gold's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Royal Gold is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Royal. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Royal Gold cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Royal Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Royal Gold's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Royal Gold Volatility | Backtest Royal Gold | Information Ratio |
Royal Gold Trading Date Momentum
| On April 16 2024 Royal Gold was traded for 121.01 at the closing time. The top price for the day was 121.97 and the lowest listed price was 118.97 . There was no trading activity during the period 0.0. Lack of trading volume on April 16, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.83% . |
| Compare Royal Gold to competition |
Other Forecasting Options for Royal Gold
For every potential investor in Royal, whether a beginner or expert, Royal Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Royal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Royal. Basic forecasting techniques help filter out the noise by identifying Royal Gold's price trends.Royal Gold Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Royal Gold stock to make a market-neutral strategy. Peer analysis of Royal Gold could also be used in its relative valuation, which is a method of valuing Royal Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Royal Gold Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Royal Gold's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Royal Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Royal Gold Market Strength Events
Market strength indicators help investors to evaluate how Royal Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Royal Gold shares will generate the highest return on investment. By undertsting and applying Royal Gold stock market strength indicators, traders can identify Royal Gold entry and exit signals to maximize returns.
Royal Gold Risk Indicators
The analysis of Royal Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Royal Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting royal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.53 | |||
| Semi Deviation | 1.85 | |||
| Standard Deviation | 2.05 | |||
| Variance | 4.2 | |||
| Downside Variance | 3.53 | |||
| Semi Variance | 3.41 | |||
| Expected Short fall | (1.59) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Check out Historical Fundamental Analysis of Royal Gold to cross-verify your projections. For information on how to trade Royal Stock refer to our How to Trade Royal Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.
Quarterly Earnings Growth 0.142 | Dividend Share 0.6 | Earnings Share 3.63 | 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.