Golden Arrow Resources Stock Market Value
| GRG Stock | CAD 0.05 0.01 16.67% |
| Symbol | Golden |
Golden Arrow Resources Price To Book Ratio
Golden Arrow '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 Arrow'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 Arrow.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Golden Arrow on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Arrow Resources or generate 0.0% return on investment in Golden Arrow over 30 days. Golden Arrow is related to or competes with Kiplin Metals, Pure Energy, and Noram Lithium. Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development... More
Golden Arrow 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 Arrow'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 Arrow Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0622 | |||
| Maximum Drawdown | 41.67 |
Golden Arrow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Arrow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Arrow's standard deviation. In reality, there are many statistical measures that can use Golden Arrow historical prices to predict the future Golden Arrow's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.2129 | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.2334 |
Golden Arrow Resources Backtested Returns
Golden Arrow appears to be out of control, given 3 months investment horizon. Golden Arrow Resources holds Efficiency (Sharpe) Ratio of 0.0893, which attests that the entity had a 0.0893% return per unit of risk over the last 3 months. By evaluating Golden Arrow's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Golden Arrow's Risk Adjusted Performance of 0.0753, standard deviation of 5.5, and Market Risk Adjusted Performance of 0.2434 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Arrow holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 2.01, 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 Arrow will likely underperform. Please check Golden Arrow's total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Golden Arrow's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Golden Arrow Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Golden Arrow time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Arrow Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Golden Arrow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Golden Arrow Resources lagged returns against current returns
Autocorrelation, which is Golden Arrow 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 Arrow's stock expected returns. We can calculate the autocorrelation of Golden Arrow returns to help us make a trade decision. For example, suppose you find that Golden Arrow 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 Arrow 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 Arrow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Arrow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Arrow stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Arrow Lagged Returns
When evaluating Golden Arrow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Arrow stock have on its future price. Golden Arrow 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 Arrow autocorrelation shows the relationship between Golden Arrow stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Arrow Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Golden Stock Analysis
When running Golden Arrow's price analysis, check to measure Golden Arrow'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 Arrow is operating at the current time. Most of Golden Arrow's value examination focuses on studying past and present price action to predict the probability of Golden Arrow'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 Arrow's price. Additionally, you may evaluate how the addition of Golden Arrow to your portfolios can decrease your overall portfolio volatility.