Gold Royalty Corp Stock Market Value

GROY Stock  USD 1.99  0.07  3.65%   
Gold Royalty's market value is the price at which a share of Gold Royalty trades on a public exchange. It measures the collective expectations of Gold Royalty Corp investors about its performance. Gold Royalty is trading at 1.99 as of the 28th of March 2024; that is 3.65% increase since the beginning of the trading day. The stock's open price was 1.92.
With this module, you can estimate the performance of a buy and hold strategy of Gold Royalty Corp and determine expected loss or profit from investing in Gold Royalty over a given investment horizon. Check out Gold Royalty Correlation, Gold Royalty Volatility and Gold Royalty Alpha and Beta module to complement your research on Gold Royalty.
Symbol

Gold Royalty Corp Price To Book Ratio

Is Gold Royalty'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 Royalty. 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 Royalty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share
0.05
Earnings Share
(0.14)
Revenue Per Share
0.006
Quarterly Revenue Growth
(0.08)
Return On Assets
(0.01)
The market value of Gold Royalty Corp 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 Royalty's value that differs from its market value or its book value, called intrinsic value, which is Gold Royalty'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 Royalty's market value can be influenced by many factors that don't directly affect Gold Royalty'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 Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Royalty'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.

Gold Royalty 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Gold Royalty's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Gold Royalty.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Gold Royalty on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Royalty Corp or generate 0.0% return on investment in Gold Royalty over 30 days. Gold Royalty is related to or competes with United States, Alcoa Corp, First Majestic, AngloGold Ashanti, Celanese, Dakota Gold, and Ivanhoe Electric. Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining ind... More

Gold Royalty Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gold Royalty's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Gold Royalty Corp upside and downside potential and time the market with a certain degree of confidence.

Gold Royalty Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Royalty's standard deviation. In reality, there are many statistical measures that can use Gold Royalty historical prices to predict the future Gold Royalty's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold Royalty'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.
Hype
Prediction
LowEstimatedHigh
0.102.095.93
Details
Intrinsic
Valuation
LowRealHigh
0.122.426.26
Details
Naive
Forecast
LowNextHigh
0.041.945.78
Details
7 Analysts
Consensus
LowTargetHigh
3.764.134.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gold Royalty. Your research has to be compared to or analyzed against Gold Royalty's peers to derive any actionable benefits. When done correctly, Gold Royalty's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Gold Royalty Corp.

Gold Royalty Corp Backtested Returns

Gold Royalty appears to be very risky, given 3 months investment horizon. Gold Royalty Corp holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Gold Royalty's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Gold Royalty's Risk Adjusted Performance of 0.0747, market risk adjusted performance of (0.23), and Downside Deviation of 3.0 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Royalty holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -1.82, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Gold Royalty are expected to decrease by larger amounts. On the other hand, during market turmoil, Gold Royalty is expected to outperform it. Please check Gold Royalty's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Gold Royalty's current trending patterns will revert.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Gold Royalty Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Gold Royalty time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gold Royalty Corp price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Gold Royalty price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.0

Gold Royalty Corp lagged returns against current returns

Autocorrelation, which is Gold Royalty stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Gold Royalty's stock expected returns. We can calculate the autocorrelation of Gold Royalty returns to help us make a trade decision. For example, suppose you find that Gold Royalty has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Gold Royalty regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Gold Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Royalty stock over time.
   Current vs Lagged Prices   
       Timeline  

Gold Royalty Lagged Returns

When evaluating Gold Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Royalty stock have on its future price. Gold Royalty autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Gold Royalty autocorrelation shows the relationship between Gold Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Royalty Corp.
   Regressed Prices   
       Timeline  

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When determining whether Gold Royalty Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Royalty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Royalty Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Royalty Corp Stock:
Check out Gold Royalty Correlation, Gold Royalty Volatility and Gold Royalty Alpha and Beta module to complement your research on Gold Royalty.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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Gold Royalty technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Gold Royalty technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Gold Royalty trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...