Gossan Resources' market value is the price at which a share of Gossan Resources trades on a public exchange. It measures the collective expectations of Gossan Resources investors about its performance. Gossan Resources is trading at 0.005 as of the 2nd of January 2025. This is a 25.00% up since the beginning of the trading day. The stock's lowest day price was 0.005. With this module, you can estimate the performance of a buy and hold strategy of Gossan Resources and determine expected loss or profit from investing in Gossan Resources over a given investment horizon. Check out Gossan Resources Correlation, Gossan Resources Volatility and Gossan Resources Alpha and Beta module to complement your research on Gossan Resources.
Please note, there is a significant difference between Gossan Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Gossan Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gossan Resources' 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.
Gossan 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 Gossan 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 Gossan Resources.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/02/2025
0.00
If you would invest 0.00 in Gossan Resources on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Gossan Resources or generate 0.0% return on investment in Gossan Resources over 720 days. Gossan Resources is related to or competes with American Airlines, Harmony Gold, AEGEAN AIRLINES, Singapore Airlines, and MINCO SILVER. Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and deve... More
Gossan 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 Gossan 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 Gossan Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gossan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gossan Resources' standard deviation. In reality, there are many statistical measures that can use Gossan Resources historical prices to predict the future Gossan Resources' volatility.
Gossan Resources appears to be out of control, given 3 months investment horizon. Gossan Resources holds Efficiency (Sharpe) Ratio of 0.0424, which attests that the entity had a 0.0424% return per unit of risk over the last 3 months. By evaluating Gossan Resources' technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please utilize Gossan Resources' Risk Adjusted Performance of 0.0606, market risk adjusted performance of 7.24, and Downside Deviation of 36.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gossan Resources holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gossan Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gossan Resources is expected to be smaller as well. Please check Gossan Resources' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Gossan Resources' current trending patterns will revert.
Auto-correlation
0.47
Average predictability
Gossan Resources has average predictability. Overlapping area represents the amount of predictability between Gossan Resources time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 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 Gossan Resources price movement. The serial correlation of 0.47 indicates that about 47.0% of current Gossan Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
0.0
Gossan Resources lagged returns against current returns
Autocorrelation, which is Gossan 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 Gossan Resources' stock expected returns. We can calculate the autocorrelation of Gossan Resources returns to help us make a trade decision. For example, suppose you find that Gossan 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
Gossan 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 Gossan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gossan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gossan Resources stock over time.
Current vs Lagged Prices
Timeline
Gossan Resources Lagged Returns
When evaluating Gossan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gossan Resources stock have on its future price. Gossan 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, Gossan Resources autocorrelation shows the relationship between Gossan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Gossan Resources.
Gossan Resources financial ratios help investors to determine whether Gossan 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 Gossan with respect to the benefits of owning Gossan Resources security.