Goldshore Resources Stock Price on August 20, 2024
GSHRF Stock | USD 0.18 0.01 5.26% |
If you're considering investing in Goldshore OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goldshore Resources stands at 0.18, as last reported on the 30th of November, with the highest price reaching 0.18 and the lowest price hitting 0.18 during the day. Goldshore Resources holds Efficiency (Sharpe) Ratio of -0.0205, which attests that the entity had a -0.0205% return per unit of risk over the last 3 months. Goldshore Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldshore Resources' Market Risk Adjusted Performance of 0.1595, standard deviation of 6.26, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide.
Goldshore OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goldshore |
Sharpe Ratio = -0.0205
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Estimated Market Risk
6.28 actual daily | 55 55% of assets are less volatile |
Expected Return
-0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goldshore Resources 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 Goldshore Resources by adding Goldshore Resources to a well-diversified portfolio.
Goldshore Resources Valuation on August 20, 2024
It is possible to determine the worth of Goldshore Resources on a given historical date. On August 20, 2024 Goldshore was worth 0.23 at the beginning of the trading date compared to the closed value of 0.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goldshore Resources otc stock. Still, in general, we apply an absolute valuation method to find Goldshore Resources' 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 Goldshore Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goldshore Resources' related companies.
Open | High | Low | Close | Volume | |
0.21 | 0.22 | 0.21 | 0.22 | 89,000 | |
08/20/2024 | 0.23 | 0.24 | 0.22 | 0.23 | 37,625 |
0.24 | 0.24 | 0.23 | 0.23 | 27,175 |
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Goldshore Resources Trading Date Momentum on August 20, 2024
On August 21 2024 Goldshore Resources was traded for 0.23 at the closing time. The highest daily price throughout the period was 0.24 and the lowest price was 0.23 . The daily volume was 27.2 K. The net trading volume on 08/21/2024 did not cause price change. The overall trading delta to current closing price is 0.00% . |
Goldshore Resources Fundamentals Correlations and Trends
By evaluating Goldshore Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Goldshore Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goldshore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goldshore Resources OTC Stock history
Goldshore Resources 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 Goldshore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goldshore Resources 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 Goldshore Resources stock prices may prove useful in developing a viable investing in Goldshore Resources
Goldshore Resources Inc., a junior gold development company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. It owns the Moss Lake gold project consisting of 3 contiguous mining claims located in Ontario. Goldshore Resources is traded on OTC Exchange in the United States.
Goldshore Resources OTC Stock Technical Analysis
Goldshore Resources technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Goldshore Resources Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Goldshore Resources cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Goldshore Resources November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Goldshore Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goldshore Resources shares will generate the highest return on investment. By undertsting and applying Goldshore Resources otc stock market strength indicators, traders can identify Goldshore Resources entry and exit signals to maximize returns
Goldshore Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goldshore Resources' price direction in advance. Along with the technical and fundamental analysis of Goldshore OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goldshore 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.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (1.17) | |||
Treynor Ratio | 0.1495 |
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Complementary Tools for Goldshore OTC Stock analysis
When running Goldshore Resources' price analysis, check to measure Goldshore Resources' 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 Goldshore Resources is operating at the current time. Most of Goldshore Resources' value examination focuses on studying past and present price action to predict the probability of Goldshore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldshore Resources' price. Additionally, you may evaluate how the addition of Goldshore Resources to your portfolios can decrease your overall portfolio volatility.
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