Goldcliff Resource Corp Stock Market Value
| GCN Stock | CAD 0.03 0.01 37.50% |
| Symbol | Goldcliff |
Goldcliff Resource Corp Price To Book Ratio
Goldcliff Resource 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Goldcliff Resource's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Goldcliff Resource.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Goldcliff Resource on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Goldcliff Resource Corp or generate 0.0% return on investment in Goldcliff Resource over 30 days. Goldcliff Resource is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Goldcliff Resource Corporation engages in the acquisition and exploration of exploration and evaluation assets in the Un... More
Goldcliff Resource Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Goldcliff Resource's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Goldcliff Resource Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Goldcliff Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldcliff Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldcliff Resource's standard deviation. In reality, there are many statistical measures that can use Goldcliff Resource historical prices to predict the future Goldcliff Resource's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.75 |
Goldcliff Resource Corp Backtested Returns
Goldcliff Resource is out of control given 3 months investment horizon. Goldcliff Resource Corp holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We were able to interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Goldcliff Resource Corp Standard Deviation of 13.76, market risk adjusted performance of 0.76, and Risk Adjusted Performance of 0.0869 to evaluate company specific risk that cannot be diversified away. Goldcliff Resource holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.84, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Goldcliff Resource will likely underperform. Use Goldcliff Resource Corp treynor ratio, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Goldcliff Resource Corp.
Auto-correlation | -0.42 |
Modest reverse predictability
Goldcliff Resource Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Goldcliff Resource time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldcliff Resource Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Goldcliff Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldcliff Resource Corp lagged returns against current returns
Autocorrelation, which is Goldcliff Resource stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Goldcliff Resource's stock expected returns. We can calculate the autocorrelation of Goldcliff Resource returns to help us make a trade decision. For example, suppose you find that Goldcliff Resource has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Goldcliff Resource regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Goldcliff Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldcliff Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldcliff Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Goldcliff Resource Lagged Returns
When evaluating Goldcliff Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldcliff Resource stock have on its future price. Goldcliff Resource autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Goldcliff Resource autocorrelation shows the relationship between Goldcliff Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Goldcliff Resource Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goldcliff Stock Analysis
When running Goldcliff Resource's price analysis, check to measure Goldcliff Resource'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 Goldcliff Resource is operating at the current time. Most of Goldcliff Resource's value examination focuses on studying past and present price action to predict the probability of Goldcliff Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldcliff Resource's price. Additionally, you may evaluate how the addition of Goldcliff Resource to your portfolios can decrease your overall portfolio volatility.