Gogold Resources Stock Probability of Future Stock Price Finishing Over 1.35
| GGD Stock | CAD 1.35 0.03 2.17% |
GoGold |
GoGold Resources Target Price Odds to finish over 1.35
The tendency of GoGold 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 above the current price in 90 days |
| 1.35 | 90 days | 1.35 | about 17.8 |
Based on a normal probability distribution, the odds of GoGold Resources to move above the current price in 90 days from now is about 17.8 (This GoGold Resources probability density function shows the probability of GoGold Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.53 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, GoGold Resources will likely underperform. Additionally GoGold Resources has an alpha of 0.1322, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). GoGold Resources Price Density |
| Price |
Predictive Modules for GoGold Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoGold Resources. 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 GoGold Resources' 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.
GoGold Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GoGold Resources is not an exception. The market had few large corrections towards the GoGold Resources' 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 GoGold Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GoGold Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 1.53 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.04 |
GoGold Resources 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 GoGold Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GoGold Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GoGold Resources may become a 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 | |
| The company reported the revenue of 30.26 M. Net Loss for the year was (7.89 M) with profit before overhead, payroll, taxes, and interest of 9.48 M. | |
| GoGold Resources has accumulated about 8.99 M in cash with (7.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: Closing Bell Gogold Resources Inc down on Wednesday - The Globe and Mail |
GoGold Resources 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 GoGold Stock often depends not only on the future outlook of the current and potential GoGold Resources' 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. GoGold Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 326.5 M |
GoGold Resources Technical Analysis
GoGold Resources' future price can be derived by breaking down and analyzing its technical indicators over time. GoGold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GoGold Resources. In general, you should focus on analyzing GoGold Stock price patterns and their correlations with different microeconomic environments and drivers.
GoGold Resources Predictive Forecast Models
GoGold Resources' time-series forecasting models is one of many GoGold Resources' 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 GoGold Resources' 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 GoGold Resources
Checking the ongoing alerts about GoGold Resources for important developments is a great way to find new opportunities for your next move. Our 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 may become a 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 | |
| The company reported the revenue of 30.26 M. Net Loss for the year was (7.89 M) with profit before overhead, payroll, taxes, and interest of 9.48 M. | |
| GoGold Resources has accumulated about 8.99 M in cash with (7.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: Closing Bell Gogold Resources Inc down on Wednesday - The Globe and Mail |
Check out GoGold Resources Backtesting, GoGold Resources Valuation, GoGold Resources Correlation, GoGold Resources Hype Analysis, GoGold Resources Volatility, GoGold Resources History as well as GoGold Resources Performance. Note that the GoGold Resources information on this page should be used as a complementary analysis to other GoGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for GoGold 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.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |