Gold Royalty Corp Stock Market Value
| GROY Stock | USD 1.26 0.02 1.56% |
| Symbol | Gold |
Gold Royalty Corp Price To Book Ratio
Is Precious Metals & Minerals 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 Royalty. 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 Royalty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.13) | Revenue Per Share 0.051 | Quarterly Revenue Growth 1.585 | Return On Assets (0) | Return On Equity (0.04) |
The market value of Gold Royalty Corp 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 Royalty's value that differs from its market value or its book value, called intrinsic value, which is Gold Royalty'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 Royalty's market value can be influenced by many factors that don't directly affect Gold Royalty'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 Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Royalty'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 Royalty '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 Royalty'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 Royalty.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gold Royalty on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Royalty Corp or generate 0.0% return on investment in Gold Royalty over 300 days. Gold Royalty is related to or competes with Endeavour Silver, SilverCrest Metals, Platinum Group, New Pacific, Compania, McEwen Mining, and Hecla Mining. Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining ind... More
Gold Royalty 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 Royalty'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 Royalty Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.73 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.94 |
Gold Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Royalty's standard deviation. In reality, there are many statistical measures that can use Gold Royalty historical prices to predict the future Gold Royalty's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (4.38) |
Gold Royalty Corp Backtested Returns
Gold Royalty Corp holds Efficiency (Sharpe) Ratio of -0.016, which attests that the entity had a -0.016% return per unit of risk over the last 3 months. Gold Royalty Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Royalty's Standard Deviation of 2.82, market risk adjusted performance of (4.37), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.025, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gold Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Royalty is expected to be smaller as well. At this point, Gold Royalty Corp has a negative expected return of -0.046%. Please make sure to check out Gold Royalty's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Gold Royalty Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Gold Royalty Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Gold Royalty time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Gold Royalty Corp price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Gold Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Gold Royalty Corp lagged returns against current returns
Autocorrelation, which is Gold Royalty 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 Royalty's stock expected returns. We can calculate the autocorrelation of Gold Royalty returns to help us make a trade decision. For example, suppose you find that Gold Royalty 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 Royalty 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 Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Royalty Lagged Returns
When evaluating Gold Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Royalty stock have on its future price. Gold Royalty 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 Royalty autocorrelation shows the relationship between Gold Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Royalty Corp.
Regressed Prices |
| Timeline |
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When running Gold Royalty's price analysis, check to measure Gold Royalty'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 Gold Royalty is operating at the current time. Most of Gold Royalty's value examination focuses on studying past and present price action to predict the probability of Gold Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Royalty's price. Additionally, you may evaluate how the addition of Gold Royalty to your portfolios can decrease your overall portfolio volatility.