Gogold Resources Stock Performance
| GLGDF Stock | USD 0.94 0.01 1.08% |
GoGold Resources has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GoGold Resources are expected to decrease at a much lower rate. During the bear market, GoGold Resources is likely to outperform the market. GoGold Resources presently retains a risk of 4.26%. Please check out GoGold Resources standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if GoGold Resources will be following its current trending patterns.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in GoGold Resources are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, GoGold Resources may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| Begin Period Cash Flow | 66.8 M |
GoGold |
GoGold Resources Relative Risk vs. Return Landscape
If you would invest 92.00 in GoGold Resources on August 28, 2024 and sell it today you would earn a total of 2.00 from holding GoGold Resources or generate 2.17% return on investment over 90 days. GoGold Resources is currently producing 0.1213% returns and takes up 4.2561% volatility of returns over 90 trading days. Put another way, 37% of traded otc stocks are less volatile than GoGold, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
GoGold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoGold Resources' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as GoGold Resources, and traders can use it to determine the average amount a GoGold Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0285
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| Cash | Small Risk | Average Risk | GLGDF | Huge Risk |
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Estimated Market Risk
| 4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average GoGold Resources is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoGold Resources by adding it to a well-diversified portfolio.
GoGold Resources Fundamentals Growth
GoGold OTC Stock prices reflect investors' perceptions of the future prospects and financial health of GoGold Resources, and GoGold Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GoGold OTC Stock performance.
| Return On Equity | 0.0031 | |||
| Return On Asset | -0.0079 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | (0.09) % | |||
| Current Valuation | 344.71 M | |||
| Shares Outstanding | 325.28 M | |||
| Price To Earning | 6.68 X | |||
| Price To Book | 1.71 X | |||
| Price To Sales | 11.17 X | |||
| Revenue | 36.05 M | |||
| EBITDA | 11.9 M | |||
| Cash And Equivalents | 73.78 M | |||
| Cash Per Share | 0.25 X | |||
| Total Debt | 1.11 M | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.81 X | |||
| Cash Flow From Operations | (976 K) | |||
| Total Asset | 264.68 M | |||
About GoGold Resources Performance
By analyzing GoGold Resources' fundamental ratios, stakeholders can gain valuable insights into GoGold Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GoGold Resources has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if GoGold Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico. It also holds an option to acquire 100 percent concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico. Gogold Res operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange.Things to note about GoGold Resources performance evaluation
Checking the ongoing alerts about GoGold Resources for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for GoGold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| GoGold Resources has some characteristics of a very speculative penny stock | |
| GoGold Resources had very high historical volatility over the last 90 days | |
| GoGold Resources has high likelihood to experience some financial distress in the next 2 years | |
| GoGold Resources has accumulated about 73.78 M in cash with (976 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25. |
- Analyzing GoGold Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GoGold Resources' stock is overvalued or undervalued compared to its peers.
- Examining GoGold Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GoGold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of GoGold Resources' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of GoGold Resources' otc stock. These opinions can provide insight into GoGold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for GoGold OTC Stock analysis
When running GoGold Resources' price analysis, check to measure GoGold 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 GoGold Resources is operating at the current time. Most of GoGold Resources' value examination focuses on studying past and present price action to predict the probability of GoGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoGold Resources' price. Additionally, you may evaluate how the addition of GoGold Resources to your portfolios can decrease your overall portfolio volatility.
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