Ggx Gold Corp Stock Odds of Future Pink Sheet Price Finishing Over 0.01
| GGXXF Stock | USD 0.01 0.0003 2.34% |
GGX |
GGX Gold Target Price Odds to finish over 0.01
The tendency of GGX Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.01 in 90 days |
| 0.01 | 90 days | 0.01 | close to 99 |
Based on a normal probability distribution, the odds of GGX Gold to stay above $ 0.01 in 90 days from now is close to 99 (This GGX Gold Corp probability density function shows the probability of GGX Pink Sheet to fall within a particular range of prices over 90 days) . Probability of GGX Gold Corp price to stay between $ 0.01 and its current price of $0.0125 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon GGX Gold Corp has a beta of -2.4. This usually indicates as returns on its benchmark rise, returns on holding GGX Gold Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, GGX Gold is expected to outperform its benchmark. Additionally GGX Gold Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. GGX Gold Price Density |
| Price |
Predictive Modules for GGX Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GGX Gold Corp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GGX Gold's 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.
GGX Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GGX Gold is not an exception. The market had few large corrections towards the GGX Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold GGX Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GGX Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | -2.4 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.08 |
GGX Gold Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of GGX Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GGX Gold Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GGX Gold Corp generated a negative expected return over the last 90 days | |
| GGX Gold Corp has high historical volatility and very poor performance | |
| GGX Gold Corp has some characteristics of a very speculative penny stock | |
| GGX Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| GGX Gold Corp has accumulated 347.43 K in total debt. GGX Gold Corp has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist GGX Gold until it has trouble settling it off, either with new capital or with free cash flow. So, GGX Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GGX Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GGX to invest in growth at high rates of return. When we think about GGX Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GGX Gold Corp has accumulated about 5.47 K in cash with (800.77 K) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders |
GGX Gold Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of GGX Pink Sheet often depends not only on the future outlook of the current and potential GGX Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. GGX Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.7 M |
GGX Gold Technical Analysis
GGX Gold's future price can be derived by breaking down and analyzing its technical indicators over time. GGX Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GGX Gold Corp. In general, you should focus on analyzing GGX Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
GGX Gold Predictive Forecast Models
GGX Gold's time-series forecasting models is one of many GGX Gold's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary GGX Gold's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about GGX Gold Corp
Checking the ongoing alerts about GGX Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GGX Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GGX Gold Corp generated a negative expected return over the last 90 days | |
| GGX Gold Corp has high historical volatility and very poor performance | |
| GGX Gold Corp has some characteristics of a very speculative penny stock | |
| GGX Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| GGX Gold Corp has accumulated 347.43 K in total debt. GGX Gold Corp has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist GGX Gold until it has trouble settling it off, either with new capital or with free cash flow. So, GGX Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GGX Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GGX to invest in growth at high rates of return. When we think about GGX Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GGX Gold Corp has accumulated about 5.47 K in cash with (800.77 K) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders |
Other Information on Investing in GGX Pink Sheet
GGX Gold financial ratios help investors to determine whether GGX 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 GGX with respect to the benefits of owning GGX Gold security.