Goldmining Stock Market Value
| GLDG Stock | USD 0.87 0.03 3.57% |
| Symbol | GoldMining |
GoldMining Price To Book Ratio
Is Diversified Metals & Mining space 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 GoldMining. If investors know GoldMining 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 GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Return On Assets (0.12) | Return On Equity (0.21) |
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining'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 GoldMining's market value can be influenced by many factors that don't directly affect GoldMining'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 GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining'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.
GoldMining '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 GoldMining'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 GoldMining.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in GoldMining on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding GoldMining or generate 0.0% return on investment in GoldMining over 30 days. GoldMining is related to or competes with Gold Royalty, Uranium Royalty, Metalla Royalty, Equinox Gold, and SilverCrest Metals. GoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets ... More
GoldMining 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 GoldMining'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 GoldMining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.26 |
GoldMining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoldMining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoldMining's standard deviation. In reality, there are many statistical measures that can use GoldMining historical prices to predict the future GoldMining's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.1039 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoldMining'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.
GoldMining Backtested Returns
GoldMining holds Efficiency (Sharpe) Ratio of -0.0027, which attests that the entity had a -0.0027% return per unit of risk over the last 3 months. GoldMining exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GoldMining's Downside Deviation of 2.21, risk adjusted performance of 0.0324, and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GoldMining are expected to decrease at a much lower rate. During the bear market, GoldMining is likely to outperform the market. At this point, GoldMining has a negative expected return of -0.0065%. Please make sure to check out GoldMining's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if GoldMining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
GoldMining has very good reverse predictability. Overlapping area represents the amount of predictability between GoldMining time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 GoldMining price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current GoldMining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GoldMining lagged returns against current returns
Autocorrelation, which is GoldMining 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 GoldMining's stock expected returns. We can calculate the autocorrelation of GoldMining returns to help us make a trade decision. For example, suppose you find that GoldMining 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 |
GoldMining 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 GoldMining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoldMining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoldMining stock over time.
Current vs Lagged Prices |
| Timeline |
GoldMining Lagged Returns
When evaluating GoldMining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoldMining stock have on its future price. GoldMining 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, GoldMining autocorrelation shows the relationship between GoldMining stock current value and its past values and can show if there is a momentum factor associated with investing in GoldMining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:Check out GoldMining Correlation, GoldMining Volatility and GoldMining Alpha and Beta module to complement your research on GoldMining. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
GoldMining 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.