Gold Resource Stock Probability of Future Stock Price Finishing Over 1.01
| GORO Stock | USD 0.51 0.02 4.08% |
Gold |
Gold Resource Target Price Odds to finish over 1.01
The tendency of Gold Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 1.01 or more in 90 days |
| 0.51 | 90 days | 1.01 | near 1 |
Based on a normal probability distribution, the odds of Gold Resource to move over $ 1.01 or more in 90 days from now is near 1 (This Gold Resource probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) . Probability of Gold Resource price to stay between its current price of $ 0.51 and $ 1.01 at the end of the 90-day period is about 18.17 .
Given the investment horizon of 90 days Gold Resource has a beta of 0.21. This usually indicates as returns on the market go up, Gold Resource average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gold Resource will be expected to be much smaller as well. Moreover Gold Resource has an alpha of 1.2408, implying that it can generate a 1.24 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Gold Resource Price Density |
| Price |
Predictive Modules for Gold Resource
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold Resource. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold Resource's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gold Resource Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold Resource is not an exception. The market had few large corrections towards the Gold Resource's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Gold Resource, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold Resource within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.24 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.15 |
Gold Resource Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Gold Resource for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold Resource can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gold Resource is way too risky over 90 days horizon | |
| Gold Resource has some characteristics of a very speculative penny stock | |
| Gold Resource appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 97.76 M. Net Loss for the year was (16.02 M) with profit before overhead, payroll, taxes, and interest of 56.97 M. | |
| Gold Resource currently holds about 33.34 M in cash with (5.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38. | |
| Latest headline from news.google.com: Drilling Continues to Expand Gold Resource at OKO - Markets Insider |
Gold Resource Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Gold Stock often depends not only on the future outlook of the current and potential Gold Resource's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Gold Resource's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88.5 M | |
| Cash And Short Term Investments | 6.3 M |
Gold Resource Technical Analysis
Gold Resource's future price can be derived by breaking down and analyzing its technical indicators over time. Gold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Resource. In general, you should focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environments and drivers.
Gold Resource Predictive Forecast Models
Gold Resource's time-series forecasting models is one of many Gold Resource's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Gold Resource's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Gold Resource
Checking the ongoing alerts about Gold Resource for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold Resource help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gold Resource is way too risky over 90 days horizon | |
| Gold Resource has some characteristics of a very speculative penny stock | |
| Gold Resource appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 97.76 M. Net Loss for the year was (16.02 M) with profit before overhead, payroll, taxes, and interest of 56.97 M. | |
| Gold Resource currently holds about 33.34 M in cash with (5.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38. | |
| Latest headline from news.google.com: Drilling Continues to Expand Gold Resource at OKO - Markets Insider |
Check out Gold Resource Backtesting, Gold Resource Valuation, Gold Resource Correlation, Gold Resource Hype Analysis, Gold Resource Volatility, Gold Resource History as well as Gold Resource Performance. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Gold Stock analysis
When running Gold Resource's price analysis, check to measure Gold Resource's 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 Gold Resource is operating at the current time. Most of Gold Resource's value examination focuses on studying past and present price action to predict the probability of Gold Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Resource's price. Additionally, you may evaluate how the addition of Gold Resource to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
Is Gold Resource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.22) | Revenue Per Share 0.962 | Quarterly Revenue Growth (0.40) | Return On Assets (0.08) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.