Gossan Resources Stock Market Value
| GSS Stock | CAD 0.01 0.01 25.00% |
| Symbol | Gossan |
Gossan Resources Price To Book Ratio
Gossan 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 Gossan Resources' 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 Gossan Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Gossan Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Gossan Resources or generate 0.0% return on investment in Gossan Resources over 720 days. Gossan Resources is related to or competes with Highway 50. Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and deve... More
Gossan 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 Gossan Resources' 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 Gossan Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 34.86 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Gossan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gossan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gossan Resources' standard deviation. In reality, there are many statistical measures that can use Gossan Resources historical prices to predict the future Gossan Resources' volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.7665 | |||
| Total Risk Alpha | (2.54) | |||
| Sortino Ratio | 0.0069 | |||
| Treynor Ratio | (0.12) |
Gossan Resources Backtested Returns
Gossan Resources appears to be out of control, given 3 months investment horizon. Gossan Resources holds Efficiency (Sharpe) Ratio of 0.022, which attests that the entity had a 0.022% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gossan Resources, which you can use to evaluate the volatility of the firm. Please utilize Gossan Resources' Market Risk Adjusted Performance of (0.11), downside deviation of 34.86, and Risk Adjusted Performance of 0.0262 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gossan Resources holds a performance score of 1. The company retains a Market Volatility (i.e., Beta) of -3.12, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Gossan Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Gossan Resources is expected to outperform it. Please check Gossan Resources' maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Gossan Resources' current trending patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Gossan Resources has average predictability. Overlapping area represents the amount of predictability between Gossan Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Gossan Resources price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Gossan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gossan Resources lagged returns against current returns
Autocorrelation, which is Gossan Resources 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 Gossan Resources' stock expected returns. We can calculate the autocorrelation of Gossan Resources returns to help us make a trade decision. For example, suppose you find that Gossan Resources 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 |
Gossan 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 Gossan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gossan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gossan Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Gossan Resources Lagged Returns
When evaluating Gossan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gossan Resources stock have on its future price. Gossan 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, Gossan Resources autocorrelation shows the relationship between Gossan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Gossan Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gossan Stock Analysis
When running Gossan Resources' price analysis, check to measure Gossan Resources' 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 Gossan Resources is operating at the current time. Most of Gossan Resources' value examination focuses on studying past and present price action to predict the probability of Gossan Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gossan Resources' price. Additionally, you may evaluate how the addition of Gossan Resources to your portfolios can decrease your overall portfolio volatility.