Gogold Resources Stock Probability of Future Stock Price Finishing Under 0.01
| GGD Stock | CAD 1.22 0.03 2.52% |
GoGold |
GoGold Resources Target Price Odds to finish below 0.01
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 drop to C$ 0.01 or more in 90 days |
| 1.22 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of GoGold Resources to drop to C$ 0.01 or more in 90 days from now is near 1 (This GoGold Resources probability density function shows the probability of GoGold Stock to fall within a particular range of prices over 90 days) . Probability of GoGold Resources price to stay between C$ 0.01 and its current price of C$1.22 at the end of the 90-day period is about 18.86 .
Assuming the 90 days trading horizon GoGold Resources has a beta of 0.95. This usually indicates GoGold Resources market returns are highly reactive to returns on the market. As the market goes up or down, GoGold Resources is expected to follow. Additionally GoGold Resources has an alpha of 0.1535, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial 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.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 Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.95 | |
σ | Overall volatility | 0.17 | |
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: GLGDF 14-Day RSI 41.43 - GuruFocus.com |
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 | 315.3 M | |
| Cash And Short Term Investments | 95.2 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: GLGDF 14-Day RSI 41.43 - GuruFocus.com |
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.