MASc Eng - GoGold Resources Chief Officer
| GGD Stock | CAD 1.26 0.01 0.79% |
Insider
MASc Eng is Chief Officer of GoGold Resources
| Address | Cogswell Tower, Halifax, NS, Canada, B3J 3K1 |
| Phone | 902 482 1998 |
| Web | https://gogoldresources.com |
GoGold Resources Management Efficiency
As of the 27th of November 2024, Return On Tangible Assets is likely to drop to -0.02. In addition to that, Return On Capital Employed is likely to drop to -0.04. At this time, GoGold Resources' Other Current Assets are very stable compared to the past year. As of the 27th of November 2024, Fixed Asset Turnover is likely to grow to 0.31, while Net Current Asset Value is likely to drop about 325.3 K. GoGold Resources' management efficiency ratios could be used to measure how well GoGold Resources manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | -0.0121 | |||
| Return On Asset | 4.0E-4 |
GoGold Resources Leadership Team
Elected by the shareholders, the GoGold Resources' board of directors comprises two types of representatives: GoGold Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GoGold. The board's role is to monitor GoGold Resources' management team and ensure that shareholders' interests are well served. GoGold Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GoGold Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| MASc Eng, Chief Officer | ||
| Bradley Langille, CEO President |
GoGold Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is GoGold Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0121 | |||
| Return On Asset | 4.0E-4 | |||
| Profit Margin | (0.11) % | |||
| Operating Margin | 0.35 % | |||
| Current Valuation | 311.83 M | |||
| Shares Outstanding | 329.53 M | |||
| Shares Owned By Insiders | 6.40 % | |||
| Shares Owned By Institutions | 29.07 % | |||
| Number Of Shares Shorted | 2.83 M | |||
| Price To Earning | 1.34 X |
Pair Trading with GoGold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with GoGold Stock
| 0.92 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.66 | FDY | Faraday Copper Corp | PairCorr |
Moving against GoGold Stock
The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoGold Resources to buy it.
The correlation of GoGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in GoGold Stock
GoGold Resources financial ratios help investors to determine whether GoGold Stock 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 GoGold with respect to the benefits of owning GoGold Resources security.