Goliath Resources Limited Stock Market Value
| GOTRF Stock | USD 1.55 0.08 4.91% |
| 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' 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 Goliath Resources.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Goliath Resources on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Goliath Resources Limited or generate 0.0% return on investment in Goliath Resources over 30 days. Goliath Resources is related to or competes with Gold79 Mines, Arras Minerals, Riverside Resources, Viscount Mining, and Kodiak Copper. Goliath Resources Limited, a junior resource exploration company, engages in the exploration of mineral properties in Br... 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' 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 Goliath Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.2094 | |||
| Maximum Drawdown | 29.15 | |||
| Value At Risk | (6.33) | |||
| Potential Upside | 13.1 |
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 | 0.1633 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 1.32 | |||
| Sortino Ratio | 0.2944 | |||
| Treynor Ratio | 0.7398 |
Goliath Resources Backtested Returns
Goliath Resources is extremely dangerous given 3 months investment horizon. Goliath Resources holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Goliath Resources Limited Market Risk Adjusted Performance of 0.7498, risk adjusted performance of 0.1633, and Downside Deviation of 4.33 to evaluate company specific risk that cannot be diversified away. Goliath Resources holds a performance score of 15 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.72, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Goliath Resources will likely underperform. Use Goliath Resources Limited downside variance, and the relationship between the sortino ratio and accumulation distribution , to analyze future returns on Goliath Resources Limited.
Auto-correlation | -0.01 |
Very weak reverse predictability
Goliath Resources Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Goliath Resources time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 -0.01 indicates that just 1.0% of current Goliath Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Goliath Resources lagged returns against current returns
Autocorrelation, which is Goliath 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 Goliath Resources' otc 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 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 |
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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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goliath 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 Goliath Resources otc stock over time.
Current vs Lagged Prices |
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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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Goliath Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goliath OTC Stock
Goliath Resources financial ratios help investors to determine whether Goliath 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 Goliath with respect to the benefits of owning Goliath Resources security.