Goliath Resources Limited Stock Market Value
| GOTRF Stock | USD 0.73 0.02 2.67% |
| Symbol | Goliath |
Goliath Resources '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 Goliath Resources' otc 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 Goliath Resources.
| 09/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Goliath Resources on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Goliath Resources Limited or generate 0.0% return on investment in Goliath Resources over 60 days. Goliath Resources is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Goliath Resources Limited, a junior resource exploration company, engages in the exploration of mineral properties in Br... More
Goliath Resources 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 Goliath Resources' otc 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 Goliath Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.67 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.17 |
Goliath Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goliath Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goliath Resources' standard deviation. In reality, there are many statistical measures that can use Goliath Resources historical prices to predict the future Goliath Resources' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.79) |
Goliath Resources Backtested Returns
Goliath Resources holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Goliath Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goliath Resources' Standard Deviation of 2.96, risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (0.78) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goliath Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goliath Resources is expected to be smaller as well. At this point, Goliath Resources has a negative expected return of -0.38%. Please make sure to check out Goliath Resources' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Goliath Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Goliath Resources Limited has very weak predictability. Overlapping area represents the amount of predictability between Goliath Resources time series from 26th of September 2024 to 26th of October 2024 and 26th of October 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 Goliath Resources price movement. The serial correlation of 0.16 indicates that over 16.0% of current Goliath Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goliath Resources lagged returns against current returns
Autocorrelation, which is Goliath Resources otc 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 Goliath Resources' otc stock expected returns. We can calculate the autocorrelation of Goliath Resources returns to help us make a trade decision. For example, suppose you find that Goliath Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Goliath Resources 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 Goliath Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goliath Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goliath Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Goliath Resources Lagged Returns
When evaluating Goliath Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goliath Resources otc stock have on its future price. Goliath Resources 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, Goliath Resources autocorrelation shows the relationship between Goliath Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Goliath Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goliath OTC Stock
Goliath Resources financial ratios help investors to determine whether Goliath OTC 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 Goliath with respect to the benefits of owning Goliath Resources security.