Gossan Resources Limited Stock Market Value
| GSSRF Stock | USD 0.01 0.00 0.00% |
| Symbol | Gossan |
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' pink sheet 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.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Gossan Resources on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gossan Resources Limited or generate 0.0% return on investment in Gossan Resources over 30 days. Gossan Resources is related to or competes with IGO, LithiumBank Resources, and Mineral Res. 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' pink sheet 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 Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 51.01 |
Gossan Resources Market Risk Indicators
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.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 2.54 |
Gossan Resources Backtested Returns
Gossan Resources holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Gossan Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gossan Resources' Market Risk Adjusted Performance of 2.55, standard deviation of 6.28, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gossan Resources are expected to decrease at a much lower rate. During the bear market, Gossan Resources is likely to outperform the market. At this point, Gossan Resources has a negative expected return of -0.81%. Please make sure to check out Gossan Resources' treynor ratio and day median price , to decide if Gossan Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Gossan Resources Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Gossan Resources time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Gossan Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gossan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gossan Resources lagged returns against current returns
Autocorrelation, which is Gossan Resources pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gossan Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gossan Resources pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gossan Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gossan Pink Sheet
Gossan Resources financial ratios help investors to determine whether Gossan Pink Sheet 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.