Gogold Resources Stock Market Value
| GLGDF Stock | USD 1.34 0.05 3.88% |
| Symbol | GoGold |
GoGold Resources '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 GoGold Resources' otc 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 GoGold Resources.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in GoGold Resources on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding GoGold Resources or generate 0.0% return on investment in GoGold Resources over 90 days. GoGold Resources is related to or competes with Scottie Resources, Blackrock Silver, AbraSilver Resource, Metallic Minerals, Southern Silver, Summa Silver, and Goliath Resources. GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico More
GoGold Resources 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 GoGold Resources' otc 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 GoGold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.249 | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 6.85 |
GoGold Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoGold Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoGold Resources' standard deviation. In reality, there are many statistical measures that can use GoGold Resources historical prices to predict the future GoGold Resources' volatility.| Risk Adjusted Performance | 0.1996 | |||
| Jensen Alpha | 0.7803 | |||
| Total Risk Alpha | 1.2 | |||
| Sortino Ratio | 0.235 | |||
| Treynor Ratio | 4.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoGold Resources' 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.
GoGold Resources Backtested Returns
GoGold Resources appears to be dangerous, given 3 months investment horizon. GoGold Resources holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27 % return per unit of return volatility over the last 3 months. By examining GoGold Resources' technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize GoGold Resources' Risk Adjusted Performance of 0.1996, semi deviation of 2.78, and Market Risk Adjusted Performance of 4.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GoGold Resources holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GoGold Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding GoGold Resources is expected to be smaller as well. Please check GoGold Resources' value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether GoGold Resources' current trending patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
GoGold Resources has modest predictability. Overlapping area represents the amount of predictability between GoGold Resources time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 GoGold Resources price movement. The serial correlation of 0.51 indicates that about 51.0% of current GoGold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GoGold Resources lagged returns against current returns
Autocorrelation, which is GoGold Resources otc 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 GoGold Resources' otc stock expected returns. We can calculate the autocorrelation of GoGold Resources returns to help us make a trade decision. For example, suppose you find that GoGold Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
GoGold Resources 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 GoGold Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoGold Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoGold Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
GoGold Resources Lagged Returns
When evaluating GoGold Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoGold Resources otc stock have on its future price. GoGold Resources 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, GoGold Resources autocorrelation shows the relationship between GoGold Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in GoGold Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in GoGold OTC Stock
GoGold Resources financial ratios help investors to determine whether GoGold OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GoGold with respect to the benefits of owning GoGold Resources security.