Golden Goliath Resources Stock Probability of Future Stock Price Finishing Over 0.04
| GNG Stock | CAD 0.04 0.01 20.00% |
Golden |
Golden Goliath Target Price Odds to finish over 0.04
The tendency of Golden Stock 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 move above the current price in 90 days |
| 0.04 | 90 days | 0.04 | about 55.08 |
Based on a normal probability distribution, the odds of Golden Goliath to move above the current price in 90 days from now is about 55.08 (This Golden Goliath Resources probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the stock has the beta coefficient of 1.89 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Golden Goliath will likely underperform. Moreover Golden Goliath Resources has an alpha of 1.2047, implying that it can generate a 1.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Golden Goliath Price Density |
| Price |
Predictive Modules for Golden Goliath
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Goliath Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Golden Goliath Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Golden Goliath is not an exception. The market had few large corrections towards the Golden Goliath'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 Golden Goliath Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Golden Goliath within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.20 | |
β | Beta against Dow Jones | 1.89 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Golden Goliath 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 Golden Goliath for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Golden Goliath Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Golden Goliath is way too risky over 90 days horizon | |
| Golden Goliath has some characteristics of a very speculative penny stock | |
| Golden Goliath appears to be risky and price may revert if volatility continues | |
| Golden Goliath has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (552.61 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Golden Goliath Resources has accumulated about 1.75 M in cash with (281.92 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Latest headline from news.google.com: Golden Goliath Resources Enterprise Value C1.14 Mil - GuruFocus.com |
Golden Goliath 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 Golden Stock often depends not only on the future outlook of the current and potential Golden Goliath'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. Golden Goliath's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21.8 M | |
| Cash And Short Term Investments | 446.8 K |
Golden Goliath Technical Analysis
Golden Goliath's future price can be derived by breaking down and analyzing its technical indicators over time. Golden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Golden Goliath Resources. In general, you should focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environments and drivers.
Golden Goliath Predictive Forecast Models
Golden Goliath's time-series forecasting models is one of many Golden Goliath's stock 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 Golden Goliath'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 stock market movement and maximize returns from investment trading.
Things to note about Golden Goliath Resources
Checking the ongoing alerts about Golden Goliath for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Golden Goliath Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Golden Goliath is way too risky over 90 days horizon | |
| Golden Goliath has some characteristics of a very speculative penny stock | |
| Golden Goliath appears to be risky and price may revert if volatility continues | |
| Golden Goliath has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (552.61 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Golden Goliath Resources has accumulated about 1.75 M in cash with (281.92 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Latest headline from news.google.com: Golden Goliath Resources Enterprise Value C1.14 Mil - GuruFocus.com |
Additional Tools for Golden Stock Analysis
When running Golden Goliath's price analysis, check to measure Golden Goliath's 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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.