Gogold Resources Stock Probability of Future Stock Price Finishing Over 1.49
| GGD Stock | CAD 1.11 0.02 1.83% |
GoGold |
GoGold Resources Target Price Odds to finish over 1.49
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 over C$ 1.49 or more in 90 days |
| 1.11 | 90 days | 1.49 | about 21.84 |
Based on a normal probability distribution, the odds of GoGold Resources to move over C$ 1.49 or more in 90 days from now is about 21.84 (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 its current price of C$ 1.11 and C$ 1.49 at the end of the 90-day period is about 69.04 .
Assuming the 90 days trading horizon GoGold Resources has a beta of 0.0325. This usually indicates as returns on the market go up, GoGold Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GoGold Resources will be expected to be much smaller as well. Additionally GoGold Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 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 | -0.27 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.08 |
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 generated a negative expected return over the last 90 days | |
| GoGold Resources may become a speculative penny stock | |
| GoGold Resources has high historical volatility and very poor performance | |
| GoGold Resources has accumulated about 8.99 M in cash with (10.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: GoGold Releases Positive Financial Results For 2024 - Barchart |
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 | 329.5 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 generated a negative expected return over the last 90 days | |
| GoGold Resources may become a speculative penny stock | |
| GoGold Resources has high historical volatility and very poor performance | |
| GoGold Resources has accumulated about 8.99 M in cash with (10.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Latest headline from news.google.com: GoGold Releases Positive Financial Results For 2024 - Barchart |
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.