Goliath Resources Stock Market Value
| GOT Stock | CAD 1.95 0.12 5.80% |
| Symbol | Goliath |
Goliath 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 Goliath Resources' 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 Goliath Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Goliath Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Goliath Resources or generate 0.0% return on investment in Goliath Resources over 90 days. Goliath Resources is related to or competes with Eskay Mining, Lion One, Cassiar Gold, and Blackrock Silver. Goliath Resources Limited operates as a precious metals exploration company in northwestern British Columbia, Canada More
Goliath 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 Goliath Resources' 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 Goliath Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.42 | |||
| Information Ratio | 0.182 | |||
| Maximum Drawdown | 50.34 | |||
| Value At Risk | (6.96) | |||
| Potential Upside | 15.64 |
Goliath Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goliath Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goliath Resources' standard deviation. In reality, there are many statistical measures that can use Goliath Resources historical prices to predict the future Goliath Resources' volatility.| Risk Adjusted Performance | 0.1564 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | 2.3 | |||
| Sortino Ratio | 0.1925 | |||
| Treynor Ratio | 2.33 |
Goliath Resources Backtested Returns
Goliath Resources is extremely dangerous given 3 months investment horizon. Goliath Resources holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.33% are justified by taking the suggested risk. Use Goliath Resources Downside Deviation of 7.42, market risk adjusted performance of 2.34, and Risk Adjusted Performance of 0.1564 to evaluate company specific risk that cannot be diversified away. Goliath Resources holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goliath Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goliath Resources is expected to be smaller as well. Use Goliath Resources total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Goliath Resources.
Auto-correlation | -0.56 |
Good reverse predictability
Goliath Resources has good reverse predictability. Overlapping area represents the amount of predictability between Goliath Resources 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 Goliath Resources price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Goliath Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Goliath Resources lagged returns against current returns
Autocorrelation, which is Goliath Resources 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 Goliath Resources' stock expected returns. We can calculate the autocorrelation of Goliath Resources returns to help us make a trade decision. For example, suppose you find that Goliath Resources 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 |
Goliath 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 Goliath Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goliath Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goliath Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Goliath Resources Lagged Returns
When evaluating Goliath Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goliath Resources stock have on its future price. Goliath 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, Goliath Resources autocorrelation shows the relationship between Goliath Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Goliath Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Goliath Stock Analysis
When running Goliath Resources' price analysis, check to measure Goliath Resources' 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 Goliath Resources is operating at the current time. Most of Goliath Resources' value examination focuses on studying past and present price action to predict the probability of Goliath Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goliath Resources' price. Additionally, you may evaluate how the addition of Goliath Resources to your portfolios can decrease your overall portfolio volatility.