Golden Pursuit Resources Stock Market Value
| GDP Stock | CAD 0.19 0.00 0.00% |
| Symbol | Golden |
Golden Pursuit '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 Golden Pursuit'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 Golden Pursuit.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Golden Pursuit on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Pursuit Resources or generate 0.0% return on investment in Golden Pursuit over 90 days. Golden Pursuit is related to or competes with Canso Select, HPQ Silicon, Globex Mining, Mako Mining, InPlay Oil, and Blackrock Silver. Golden Pursuit Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development o... More
Golden Pursuit 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 Golden Pursuit'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 Golden Pursuit Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.66 | |||
| Information Ratio | 0.0274 | |||
| Maximum Drawdown | 28.57 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 5.88 |
Golden Pursuit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Pursuit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Pursuit's standard deviation. In reality, there are many statistical measures that can use Golden Pursuit historical prices to predict the future Golden Pursuit's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.6555 | |||
| Sortino Ratio | 0.0142 | |||
| Treynor Ratio | (0.05) |
Golden Pursuit Resources Backtested Returns
At this stage we consider Golden Stock to be out of control. Golden Pursuit Resources holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Golden Pursuit Resources, which you can use to evaluate the volatility of the firm. Please check out Golden Pursuit's Downside Deviation of 9.66, market risk adjusted performance of (0.04), and Risk Adjusted Performance of 0.0149 to validate if the risk estimate we provide is consistent with the expected return of 0.0231%. The company retains a Market Volatility (i.e., Beta) of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Golden Pursuit are expected to decrease at a much lower rate. During the bear market, Golden Pursuit is likely to outperform the market. Golden Pursuit Resources right now retains a risk of 4.84%. Please check out Golden Pursuit total risk alpha and the relationship between the value at risk and day median price , to decide if Golden Pursuit will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Golden Pursuit Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Golden Pursuit time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Golden Pursuit Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Golden Pursuit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Golden Pursuit Resources lagged returns against current returns
Autocorrelation, which is Golden Pursuit 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 Golden Pursuit's stock expected returns. We can calculate the autocorrelation of Golden Pursuit returns to help us make a trade decision. For example, suppose you find that Golden Pursuit 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 |
Golden Pursuit 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 Golden Pursuit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Pursuit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Pursuit stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Pursuit Lagged Returns
When evaluating Golden Pursuit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Pursuit stock have on its future price. Golden Pursuit 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, Golden Pursuit autocorrelation shows the relationship between Golden Pursuit stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Pursuit Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Golden Stock Analysis
When running Golden Pursuit's price analysis, check to measure Golden Pursuit'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 Golden Pursuit is operating at the current time. Most of Golden Pursuit's value examination focuses on studying past and present price action to predict the probability of Golden Pursuit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Pursuit's price. Additionally, you may evaluate how the addition of Golden Pursuit to your portfolios can decrease your overall portfolio volatility.