Gold Resource Stock Market Value
| GORO Stock | USD 0.16 0.01 6.67% |
| Symbol | Gold |
Gold Resource Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.49) | Revenue Per Share 0.817 | Quarterly Revenue Growth (0.35) | Return On Assets (0.09) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource'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.
Gold 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 Gold 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 Gold Resource.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Gold Resource on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Gold Resource or generate 0.0% return on investment in Gold Resource over 360 days. Gold Resource is related to or competes with IAMGold, Eldorado Gold, Coeur Mining, Alamos Gold, New Gold, Kinross Gold, and Harmony Gold. Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico ... More
Gold 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 Gold 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 Gold Resource upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 83.57 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 15.38 |
Gold Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Resource's standard deviation. In reality, there are many statistical measures that can use Gold Resource historical prices to predict the future Gold Resource's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (1.08) | |||
| Total Risk Alpha | (2.37) | |||
| Treynor Ratio | (0.33) |
Gold Resource Backtested Returns
Gold Resource holds Efficiency (Sharpe) Ratio of -0.0781, which attests that the entity had a -0.0781% return per unit of risk over the last 3 months. Gold Resource exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Resource's Standard Deviation of 10.03, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.32) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.39, 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, Gold Resource will likely underperform. At this point, Gold Resource has a negative expected return of -0.79%. Please make sure to check out Gold Resource's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Gold Resource performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Gold Resource has good reverse predictability. Overlapping area represents the amount of predictability between Gold Resource time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Gold Resource price movement. The serial correlation of -0.55 indicates that about 55.0% of current Gold Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Gold Resource lagged returns against current returns
Autocorrelation, which is Gold 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 Gold Resource's stock expected returns. We can calculate the autocorrelation of Gold Resource returns to help us make a trade decision. For example, suppose you find that Gold 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 |
| Timeline |
Gold 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 Gold Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Resource Lagged Returns
When evaluating Gold Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Resource stock have on its future price. Gold 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, Gold Resource autocorrelation shows the relationship between Gold Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Resource.
Regressed Prices |
| Timeline |
When determining whether Gold Resource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Resource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Resource Stock:
Check out Gold Resource Correlation, Gold Resource Volatility and Gold Resource Alpha and Beta module to complement your research on Gold Resource. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Gold Resource technical 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, stock market cycles, or different charting patterns.