Gogold Resources Stock Price Patterns
| GGD Stock | CAD 3.19 0.52 14.02% |
Momentum 67
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 6.381 | EPS Estimate Next Quarter 0.014 | EPS Estimate Current Year 0.109 | EPS Estimate Next Year 0.081 | Wall Street Target Price 5 |
Using GoGold Resources hype-based prediction, you can estimate the value of GoGold Resources from the perspective of GoGold Resources response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in GoGold Resources to buy its stock at a price that has no basis in reality. In that case, they are not buying GoGold because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
GoGold Resources after-hype prediction price | CAD 3.56 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
GoGold |
GoGold Resources After-Hype Price Density Analysis
As far as predicting the price of GoGold Resources at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in GoGold Resources or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of GoGold Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
GoGold Resources Estimiated After-Hype Price Volatility
In the context of predicting GoGold Resources' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on GoGold Resources' historical news coverage. GoGold Resources' after-hype downside and upside margins for the prediction period are 0.18 and 8.26, respectively. We have considered GoGold Resources' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
GoGold Resources is risky at this time. Analysis and calculation of next after-hype price of GoGold Resources is based on 3 months time horizon.
GoGold Resources Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as GoGold Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading GoGold Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with GoGold Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.49 | 4.70 | 0.37 | 0.18 | 3 Events / Month | 2 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3.19 | 3.56 | 11.60 |
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GoGold Resources Hype Timeline
GoGold Resources is currently traded for 3.19on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.37, and average elasticity to hype of competition of 0.18. GoGold is forecasted to increase in value after the next headline, with the price projected to jump to 3.56 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 11.6%, whereas the daily expected return is currently at 0.49%. The volatility of related hype on GoGold Resources is about 1260.05%, with the expected price after the next announcement by competition of 3.37. GoGold Resources has accumulated 1.21 M in total debt with debt to equity ratio (D/E) of 51.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. GoGold Resources has a current ratio of 5.06, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist GoGold Resources until it has trouble settling it off, either with new capital or with free cash flow. So, GoGold Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GoGold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GoGold to invest in growth at high rates of return. When we think about GoGold Resources' use of debt, we should always consider it together with cash and equity.Assuming the 90 days trading horizon the next forecasted press release will be in about 3 days. Check out GoGold Resources Basic Forecasting Models to cross-verify your projections.GoGold Resources Related Hype Analysis
Having access to credible news sources related to GoGold Resources' direct competition is more important than ever and may enhance your ability to predict GoGold Resources' future price movements. Getting to know how GoGold Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how GoGold Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ASM | Avino Silver Gold | 0.11 | 7 per month | 4.28 | 0.20 | 9.06 | (5.04) | 20.76 | |
| MTA | Metalla Royalty Streaming | (0.53) | 5 per month | 2.76 | 0.04 | 5.68 | (5.70) | 15.19 | |
| ITR | Integra Resources Corp | 3.83 | 5 per month | 3.87 | 0.11 | 8.01 | (6.39) | 19.75 | |
| ABRA | AbraSilver Resource Corp | 0.43 | 9 per month | 3.10 | 0.23 | 7.65 | (5.45) | 21.22 | |
| ORE | Orezone Gold Corp | 0.04 | 3 per month | 2.53 | 0.23 | 6.43 | (4.86) | 21.33 | |
| SGML | Sigma Lithium Resources | (0.62) | 8 per month | 6.67 | 0.15 | 15.96 | (12.62) | 51.69 | |
| GAU | Galiano Gold | (0.01) | 6 per month | 4.69 | 0.02 | 7.03 | (5.54) | 19.03 | |
| MDI | Major Drilling Group | 0.23 | 5 per month | 2.17 | 0.09 | 4.39 | (4.31) | 9.60 | |
| DBM | Doman Building Materials | 0.07 | 8 per month | 1.02 | 0.11 | 2.55 | (2.13) | 6.10 | |
| APM | Andean Precious Metals | 0.18 | 8 per month | 4.50 | 0.11 | 8.04 | (6.72) | 24.02 |
GoGold Resources Additional Predictive Modules
Most predictive techniques to examine GoGold price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for GoGold using various technical indicators. When you analyze GoGold charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About GoGold Resources Predictive Indicators
The successful prediction of GoGold Resources stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as GoGold Resources, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of GoGold Resources based on analysis of GoGold Resources hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to GoGold Resources's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to GoGold Resources's related companies. | 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 134.09 | 70.75 | 63.67 | 49.34 | PTB Ratio | 0.8 | 1.93 | 2.22 | 1.75 |
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
| 0.97 | AG | First Majestic Silver | PairCorr |
| 0.93 | IE | Ivanhoe Energy | PairCorr |
| 0.95 | ORE | Orezone Gold Corp | PairCorr |
| 0.64 | FDR | Flinders Resources | PairCorr |
| 0.92 | FDY | Faraday Copper Corp | PairCorr |
Moving against GoGold Stock
| 0.84 | NFLX | Netflix Inc CDR | PairCorr |
| 0.72 | AAPL | Apple Inc CDR | PairCorr |
| 0.72 | AAPL | Apple CDR | PairCorr |
| 0.62 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.62 | MSFT | Microsoft CDR | 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
GoGold Resources financial 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.