Goldshore Resources Stock Market Value
| GSHRF Stock | USD 0.19 0.01 5.00% |
| Symbol | Goldshore |
Goldshore 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 Goldshore 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 Goldshore Resources.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Goldshore Resources on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Goldshore Resources or generate 0.0% return on investment in Goldshore Resources over 390 days. Goldshore Resources is related to or competes with Grande Portage, Aurion Resources, Cerrado Gold, Eloro Resources, and Irving Resources. Goldshore Resources Inc., a junior gold development company, engages in the acquisition, exploration, and evaluation of ... More
Goldshore 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 Goldshore 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 Goldshore Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 32.0 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 11.11 |
Goldshore Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldshore Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldshore Resources' standard deviation. In reality, there are many statistical measures that can use Goldshore Resources historical prices to predict the future Goldshore Resources' volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | 0.015 | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 0.0753 |
Goldshore Resources Backtested Returns
Goldshore Resources holds Efficiency (Sharpe) Ratio of -0.0257, which attests that the entity had a -0.0257% return per unit of risk over the last 3 months. Goldshore Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldshore Resources' Standard Deviation of 6.56, risk adjusted performance of 0.0071, and Market Risk Adjusted Performance of 0.0853 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goldshore Resources are expected to decrease at a much lower rate. During the bear market, Goldshore Resources is likely to outperform the market. At this point, Goldshore Resources has a negative expected return of -0.16%. Please make sure to check out Goldshore Resources' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Goldshore Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Goldshore Resources has below average predictability. Overlapping area represents the amount of predictability between Goldshore Resources time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Goldshore Resources price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Goldshore Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldshore Resources lagged returns against current returns
Autocorrelation, which is Goldshore 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 Goldshore Resources' otc stock expected returns. We can calculate the autocorrelation of Goldshore Resources returns to help us make a trade decision. For example, suppose you find that Goldshore 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 |
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Goldshore 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 Goldshore Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldshore 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 Goldshore Resources otc stock over time.
Current vs Lagged Prices |
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Goldshore Resources Lagged Returns
When evaluating Goldshore Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldshore Resources otc stock have on its future price. Goldshore 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, Goldshore Resources autocorrelation shows the relationship between Goldshore Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Goldshore Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Goldshore OTC Stock
Goldshore Resources financial ratios help investors to determine whether Goldshore 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 Goldshore with respect to the benefits of owning Goldshore Resources security.