Solar Gold Stock Market Value
| PLKT Stock | USD 0.0001 0.00 0.00% |
| Symbol | Solar |
Is Solar 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 Solar Gold. If investors know Solar 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 Solar Gold 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 (0.62) |
The market value of Solar Gold is measured differently than its book value, which is the value of Solar that is recorded on the company's balance sheet. Investors also form their own opinion of Solar Gold's value that differs from its market value or its book value, called intrinsic value, which is Solar 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 Solar Gold's market value can be influenced by many factors that don't directly affect Solar 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 Solar Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solar Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solar 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.
Solar 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 Solar 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 Solar Gold.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Solar Gold on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Solar Gold or generate 0.0% return on investment in Solar Gold over 30 days. Solar Gold is related to or competes with Federated Premier, Blackrock Muniyield, Diamond Hill, NXG NextGen, Federated Investors, Brightsphere Investment, and DWS Municipal. The company was formerly known as Planktos Merger Co More
Solar 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 Solar 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 Solar Gold upside and downside potential and time the market with a certain degree of confidence.
Solar Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solar Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solar Gold's standard deviation. In reality, there are many statistical measures that can use Solar Gold historical prices to predict the future Solar Gold's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solar Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solar Gold Backtested Returns
We have found three technical indicators for Solar Gold, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Solar Gold are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Solar Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Solar Gold time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Solar Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Solar Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solar Gold lagged returns against current returns
Autocorrelation, which is Solar 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 Solar Gold's stock expected returns. We can calculate the autocorrelation of Solar Gold returns to help us make a trade decision. For example, suppose you find that Solar 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 |
Solar 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 Solar Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solar Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solar Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Solar Gold Lagged Returns
When evaluating Solar Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solar Gold stock have on its future price. Solar 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, Solar Gold autocorrelation shows the relationship between Solar Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Solar Gold.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Solar Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Solar Gold's short interest history, or implied volatility extrapolated from Solar Gold options trading.
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Check out Solar Gold Correlation, Solar Gold Volatility and Solar Gold Alpha and Beta module to complement your research on Solar Gold. For more information on how to buy Solar Stock please use our How to Invest in Solar Gold guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Solar Stock analysis
When running Solar Gold's price analysis, check to measure Solar 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 Solar Gold is operating at the current time. Most of Solar Gold's value examination focuses on studying past and present price action to predict the probability of Solar 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 Solar Gold's price. Additionally, you may evaluate how the addition of Solar Gold to your portfolios can decrease your overall portfolio volatility.
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Solar 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.