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This indicator foresaw Goldman Sachs's 56% jump from the lows

Published 2024-07-18, 05:00 a/m
© Reuters.
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Investing.com — Knowing the true value of an asset before making a move into it is one of the main attributes that separates the pros from the amateurs when it comes to making money in the markets.

While some invest blindly, guided subjective factors such as investor sentiment and FOMO, the big boys will make sure to have all the latest tools at their disposal before making a decision.

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Check out this real-life case to get a better grasp of what we're talking about:

15 months ago, on 03-18-2023, Goldman Sachs Group (NYSE:GS) traded at $303.54. Using the best-in-breed combination of fundamental and technical metrics, including 17+ industry-recognized evaluation models, our Fair Value estimated the stock was undervalued by as much as 63%.

Since then, the stock has climbed by 56% to $472.83 on 07-10-2024.

Who would have guessed that a value stock such as Goldman Sachs would gain 56% in just over a year?

Well, our Fair Value tool did.

Powered by state-of-the-art fundamental analysis models, it flashed a buy on Goldman Sachs just as the stock was about to explode higher.

Fast-forward to now, and Goldman Sachs rode the bull market with above-average returns, outperforming the S&P 500 by a wide margin.

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