Goldgroup Mining's market value is the price at which a share of Goldgroup Mining trades on a public exchange. It measures the collective expectations of Goldgroup Mining investors about its performance. Goldgroup Mining is trading at 0.16 as of the 1st of February 2025. This is a 11.11% down since the beginning of the trading day. The stock's lowest day price was 0.16. With this module, you can estimate the performance of a buy and hold strategy of Goldgroup Mining and determine expected loss or profit from investing in Goldgroup Mining over a given investment horizon. Check out Goldgroup Mining Correlation, Goldgroup Mining Volatility and Goldgroup Mining Alpha and Beta module to complement your research on Goldgroup Mining.
Please note, there is a significant difference between Goldgroup Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldgroup Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldgroup Mining'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.
Goldgroup Mining '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 Goldgroup Mining's pink sheet 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 Goldgroup Mining.
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01/02/2025
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In 31 days
02/01/2025
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If you would invest 0.00 in Goldgroup Mining on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Goldgroup Mining or generate 0.0% return on investment in Goldgroup Mining over 30 days. Goldgroup Mining is related to or competes with Piedmont Lithium, Sigma Lithium, Standard Lithium, MP Materials, and Vale SA. Goldgroup Mining Inc., together with its subsidiaries, focuses on the acquisition, exploration, and development of gold-... More
Goldgroup Mining 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 Goldgroup Mining's pink sheet 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 Goldgroup Mining upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldgroup Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldgroup Mining's standard deviation. In reality, there are many statistical measures that can use Goldgroup Mining historical prices to predict the future Goldgroup Mining's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Goldgroup Mining. Your research has to be compared to or analyzed against Goldgroup Mining's peers to derive any actionable benefits. When done correctly, Goldgroup Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Goldgroup Mining.
Goldgroup Mining Backtested Returns
Goldgroup Mining is out of control given 3 months investment horizon. Goldgroup Mining holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24 % return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.38% are justified by taking the suggested risk. Use Goldgroup Mining Market Risk Adjusted Performance of (18.38), downside deviation of 11.15, and Risk Adjusted Performance of 0.1737 to evaluate company specific risk that cannot be diversified away. Goldgroup Mining holds a performance score of 18 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldgroup Mining are expected to decrease at a much lower rate. During the bear market, Goldgroup Mining is likely to outperform the market. Use Goldgroup Mining total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to analyze future returns on Goldgroup Mining.
Auto-correlation
-0.33
Poor reverse predictability
Goldgroup Mining has poor reverse predictability. Overlapping area represents the amount of predictability between Goldgroup Mining time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldgroup Mining price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Goldgroup Mining price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
0.35
Residual Average
0.0
Price Variance
0.0
Goldgroup Mining lagged returns against current returns
Autocorrelation, which is Goldgroup Mining pink sheet'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 Goldgroup Mining's pink sheet expected returns. We can calculate the autocorrelation of Goldgroup Mining returns to help us make a trade decision. For example, suppose you find that Goldgroup Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Timeline
Goldgroup Mining 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 Goldgroup Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldgroup Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldgroup Mining pink sheet over time.
Current vs Lagged Prices
Timeline
Goldgroup Mining Lagged Returns
When evaluating Goldgroup Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldgroup Mining pink sheet have on its future price. Goldgroup Mining 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, Goldgroup Mining autocorrelation shows the relationship between Goldgroup Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goldgroup Mining.
Other Information on Investing in Goldgroup Pink Sheet
Goldgroup Mining financial ratios help investors to determine whether Goldgroup Pink Sheet 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 Goldgroup with respect to the benefits of owning Goldgroup Mining security.