GoGold Historical Valuation
| GGD Stock | CAD 1.54 0.03 1.99% |
Some fundamental drivers such as market cap or GoGold Resources enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze GoGold Resources valuation indicators such as Enterprise Value of 119 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of GoGold Resources's future value.
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About GoGold Valuation Data Analysis
Valuation is the financial process of determining what GoGold Resources is worth. GoGold Resources valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. GoGold Resources valuation ratios help investors to determine whether GoGold 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 GoGold with respect to the benefits of owning GoGold Resources security.
GoGold Resources Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as GoGold Resources theoretical takeover price. In the event of an acquisition, an acquirer would have to take on GoGold Resources debt, but would also pocket its cash. Enterprise Value is more accurate representation of GoGold Resources value than its market capitalization because it takes into account all of GoGold Resources existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from GoGold Resources' valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into GoGold Resources current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 1st of February 2025, Market Cap is likely to drop to about 132.8 M. In addition to that, Enterprise Value is likely to drop to about 119 M
| 2024 | 2025 (projected) | Working Capital | 366.0K | 325.3K | Market Cap | 205.7M | 132.8M |
GoGold Resources valuation accounts Correlations
GoGold Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
GoGold Resources valuation accounts Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 589.7M | 328.6M | 280.8M | 228.6M | 205.7M | 132.8M | |
| Enterprise Value | 523.8M | 256.3M | 186.4M | 156.5M | 140.9M | 119.0M |
Pair Trading with GoGold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with GoGold Stock
Moving against GoGold Stock
| 0.72 | AAPL | Apple Inc CDR | PairCorr |
| 0.41 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.38 | WMT | Walmart Inc CDR | PairCorr |
| 0.37 | AMZN | Amazon CDR | PairCorr |
| 0.37 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoGold Resources to buy it.
The correlation of GoGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in GoGold Stock
Valuation is the financial process of determining what GoGold Resources is worth. GoGold Resources valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. GoGold Resources valuation ratios help investors to determine whether GoGold 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 GoGold with respect to the benefits of owning GoGold Resources security.