Golden Goliath Resources Stock Revenue
| GNG Stock | CAD 0.05 0.00 0.00% |
Golden Goliath Resources fundamentals help investors to digest information that contributes to Golden Goliath's financial success or failures. It also enables traders to predict the movement of Golden Stock. The fundamental analysis module provides a way to measure Golden Goliath's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Golden Goliath stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 0.00 | 0.00 |
Golden | Revenue |
Golden Goliath Resources Company Revenue Analysis
Golden Goliath's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Golden Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Golden Goliath is extremely important. It helps to project a fair market value of Golden Stock properly, considering its historical fundamentals such as Revenue. Since Golden Goliath's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Golden Goliath's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Golden Goliath's interrelated accounts and indicators.
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Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Golden Goliath Resources reported 0.0 of revenue. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The revenue for all Canada stocks is 100.0% higher than that of the company.
Golden Goliath Resources is currently under evaluation in revenue category among related companies. Market size based on revenue of Materials industry is currently estimated at about 0.0. Golden Goliath adds roughly 0.0 in revenue claiming only tiny portion of all equities under Materials industry.Golden Goliath Current Valuation Drivers
We derive many important indicators used in calculating different scores of Golden Goliath from analyzing Golden Goliath's financial statements. These drivers represent accounts that assess Golden Goliath's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Golden Goliath's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 24.8M | 8.4M | 2.9M | 2.4M | 2.8M | 2.6M | |
| Enterprise Value | 22.5M | 8.4M | 2.8M | 2.3M | 2.6M | 2.5M |
Golden Fundamentals
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.0734 | ||||
| Current Valuation | 1.26 M | ||||
| Shares Outstanding | 25.45 M | ||||
| Shares Owned By Insiders | 3.06 % | ||||
| Shares Owned By Institutions | 6.60 % | ||||
| Number Of Shares Shorted | 364 | ||||
| Price To Earning | (5.00) X | ||||
| Price To Book | 0.39 X | ||||
| EBITDA | (513.73 K) | ||||
| Net Income | (552.61 K) | ||||
| Cash And Equivalents | 1.75 M | ||||
| Cash Per Share | 0.02 X | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 18.50 X | ||||
| Book Value Per Share | 0.15 X | ||||
| Cash Flow From Operations | (281.92 K) | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Beta | 0.78 | ||||
| Market Capitalization | 1.27 M | ||||
| Total Asset | 4.16 M | ||||
| Retained Earnings | (30.42 M) | ||||
| Working Capital | 102.91 K | ||||
| Net Asset | 4.16 M |
About Golden Goliath Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Golden Goliath Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Goliath using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Goliath Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Golden Goliath
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 Golden Goliath 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 Golden Goliath will appreciate offsetting losses from the drop in the long position's value.Moving against Golden Stock
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The ability to find closely correlated positions to Golden Goliath could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Goliath 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 Golden Goliath - 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 Golden Goliath Resources to buy it.
The correlation of Golden Goliath 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 Golden Goliath moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Goliath 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 Golden Goliath 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Goliath Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Golden Stock analysis
When running Golden Goliath's price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.
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