Gold Resource Stock Probability of Future Stock Price Finishing Under 1.55
| GORO Stock | USD 0.17 0.02 13.33% |
Gold |
Gold Resource Target Price Odds to finish below 1.55
The tendency of Gold 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 stay under $ 1.55 after 90 days |
| 0.17 | 90 days | 1.55 | close to 99 |
Based on a normal probability distribution, the odds of Gold Resource to stay under $ 1.55 after 90 days from now is close to 99 (This Gold Resource probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) . Probability of Gold Resource price to stay between its current price of $ 0.17 and $ 1.55 at the end of the 90-day period is about 86.23 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.09 . 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, Gold Resource will likely underperform. Additionally Gold Resource 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. Gold Resource Price Density |
| Price |
Predictive Modules for Gold Resource
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold Resource. 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.Gold Resource Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold Resource is not an exception. The market had few large corrections towards the Gold Resource'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 Gold Resource, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold Resource within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.88 | |
β | Beta against Dow Jones | 2.09 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.07 |
Gold Resource 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 Gold Resource for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold Resource can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gold Resource generated a negative expected return over the last 90 days | |
| Gold Resource has high historical volatility and very poor performance | |
| Gold Resource has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 97.73 M. Net Loss for the year was (16.02 M) with profit before overhead, payroll, taxes, and interest of 56.97 M. | |
| Gold Resource currently holds about 33.34 M in cash with (5.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: Prony Resources gears up for nickel production restart at Goro mine |
Gold Resource 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 Gold Stock often depends not only on the future outlook of the current and potential Gold Resource'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. Gold Resource's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88.5 M | |
| Cash And Short Term Investments | 6.3 M |
Gold Resource Technical Analysis
Gold Resource's future price can be derived by breaking down and analyzing its technical indicators over time. Gold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Resource. In general, you should focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environments and drivers.
Gold Resource Predictive Forecast Models
Gold Resource's time-series forecasting models is one of many Gold Resource'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 Gold Resource'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 Gold Resource
Checking the ongoing alerts about Gold Resource for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold Resource help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gold Resource generated a negative expected return over the last 90 days | |
| Gold Resource has high historical volatility and very poor performance | |
| Gold Resource has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 97.73 M. Net Loss for the year was (16.02 M) with profit before overhead, payroll, taxes, and interest of 56.97 M. | |
| Gold Resource currently holds about 33.34 M in cash with (5.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: Prony Resources gears up for nickel production restart at Goro mine |
Check out Gold Resource Backtesting, Gold Resource Valuation, Gold Resource Correlation, Gold Resource Hype Analysis, Gold Resource Volatility, Gold Resource History as well as Gold Resource Performance. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.57) | Revenue Per Share 0.817 | Quarterly Revenue Growth (0.35) | Return On Assets (0.09) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's 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.