Golden Goliath Resources Stock Market Value
| GNG Stock | CAD 0.05 0.00 0.00% |
| Symbol | Golden |
Golden Goliath Resources Price To Book Ratio
Golden Goliath '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 Golden Goliath'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 Golden Goliath.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Golden Goliath on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Goliath Resources or generate 0.0% return on investment in Golden Goliath over 30 days. Golden Goliath is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Golden Goliath Resources Ltd., an exploration stage company, engages in the acquisition and exploration of resource prop... More
Golden Goliath 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 Golden Goliath'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 Golden Goliath Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.11 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Golden Goliath Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Goliath's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Goliath's standard deviation. In reality, there are many statistical measures that can use Golden Goliath historical prices to predict the future Golden Goliath's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.7545 |
Golden Goliath Resources Backtested Returns
Golden Goliath appears to be out of control, given 3 months investment horizon. Golden Goliath Resources holds Efficiency (Sharpe) Ratio of 0.0859, which attests that the entity had a 0.0859% return per unit of risk over the last 3 months. By evaluating Golden Goliath's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Golden Goliath's Market Risk Adjusted Performance of 0.7645, standard deviation of 11.91, and Risk Adjusted Performance of 0.1017 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Goliath holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.89, 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, Golden Goliath will likely underperform. Please check Golden Goliath's standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis , to make a quick decision on whether Golden Goliath's current trending patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
Golden Goliath Resources has perfect predictability. Overlapping area represents the amount of predictability between Golden Goliath time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Golden Goliath Resources price movement. The serial correlation of 1.0 indicates that 100.0% of current Golden Goliath price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Golden Goliath Resources lagged returns against current returns
Autocorrelation, which is Golden Goliath 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 Golden Goliath's stock expected returns. We can calculate the autocorrelation of Golden Goliath returns to help us make a trade decision. For example, suppose you find that Golden Goliath 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 |
| Timeline |
Golden Goliath 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 Golden Goliath stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Goliath stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Goliath stock over time.
Current vs Lagged Prices |
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Golden Goliath Lagged Returns
When evaluating Golden Goliath's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Goliath stock have on its future price. Golden Goliath 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, Golden Goliath autocorrelation shows the relationship between Golden Goliath stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Goliath Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Golden Stock Analysis
When running Golden Goliath's price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.