Goldmining Stock Price on November 29, 2024

GLDG Stock  USD 0.87  0.03  3.57%   
If you're considering investing in GoldMining Stock, it is important to understand the factors that can impact its price. As of today, the current price of GoldMining stands at 0.87, as last reported on the 2nd of December, with the highest price reaching 0.88 and the lowest price hitting 0.86 during the day. GoldMining holds Efficiency (Sharpe) Ratio of -0.0027, which attests that the entity had a -0.0027% return per unit of risk over the last 3 months. GoldMining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GoldMining's Market Risk Adjusted Performance of (0.11), standard deviation of 2.44, and Risk Adjusted Performance of 0.0048 to validate the risk estimate we provide.
  
GoldMining Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0027

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Estimated Market Risk

 2.44
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average GoldMining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoldMining by adding GoldMining to a well-diversified portfolio.

GoldMining Valuation on November 29, 2024

It is possible to determine the worth of GoldMining on a given historical date. On November 29, 2024 GoldMining was worth 0.86 at the beginning of the trading date compared to the closed value of 0.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GoldMining stock. Still, in general, we apply an absolute valuation method to find GoldMining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GoldMining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GoldMining's related companies.
 Open High Low Close Volume
  0.84    0.86    0.84    0.84    496,596  
11/29/2024
  0.86    0.88    0.86    0.87    412,454  
  0.86    0.88    0.86    0.87    0.00  
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Open Value
0.86
0.87
Closing Value
8.19
Upside

GoldMining Trading Date Momentum on November 29, 2024

On December 02 2024 GoldMining was traded for  0.87  at the closing time. The top price for the day was 0.88  and the lowest listed price was  0.86 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The overall trading delta against the current closing price is 1.15% .

GoldMining Fundamentals Correlations and Trends

By evaluating GoldMining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GoldMining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GoldMining financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About GoldMining Stock history

GoldMining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GoldMining is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GoldMining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GoldMining stock prices may prove useful in developing a viable investing in GoldMining
GoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada. Goldmining operates under Gold classification in the United States and is traded on AMEX Exchange. It employs 22 people.

GoldMining Stock Technical Analysis

GoldMining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of GoldMining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GoldMining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

GoldMining Period Price Range

Low
December 2, 2024
0.00  NaN%
High

 0.00 

     

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GoldMining cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

GoldMining December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how GoldMining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GoldMining shares will generate the highest return on investment. By undertsting and applying GoldMining stock market strength indicators, traders can identify GoldMining entry and exit signals to maximize returns

GoldMining Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for GoldMining's price direction in advance. Along with the technical and fundamental analysis of GoldMining Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of GoldMining to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for GoldMining Stock analysis

When running GoldMining's price analysis, check to measure GoldMining'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 GoldMining is operating at the current time. Most of GoldMining's value examination focuses on studying past and present price action to predict the probability of GoldMining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoldMining's price. Additionally, you may evaluate how the addition of GoldMining to your portfolios can decrease your overall portfolio volatility.
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