Golden Ridge Resources Stock Market Value
| GLDN Stock | CAD 0.08 0.00 0.00% |
| Symbol | Golden |
Golden Ridge '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 Golden Ridge'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 Golden Ridge.
| 02/04/2023 |
| 12/25/2024 |
If you would invest 0.00 in Golden Ridge on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Golden Ridge Resources or generate 0.0% return on investment in Golden Ridge over 690 days. Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada More
Golden Ridge 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 Golden Ridge'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 Golden Ridge Resources upside and downside potential and time the market with a certain degree of confidence.
Golden Ridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Ridge's standard deviation. In reality, there are many statistical measures that can use Golden Ridge historical prices to predict the future Golden Ridge's volatility.Golden Ridge Resources Backtested Returns
We have found three technical indicators for Golden Ridge Resources, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Golden Ridge are completely uncorrelated.
Auto-correlation | 0.01 |
Virtually no predictability
Golden Ridge Resources has virtually no predictability. Overlapping area represents the amount of predictability between Golden Ridge time series from 4th of February 2023 to 15th of January 2024 and 15th of January 2024 to 25th of December 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 Golden Ridge Resources price movement. The serial correlation of 0.01 indicates that just 1.0% of current Golden Ridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Golden Ridge Resources lagged returns against current returns
Autocorrelation, which is Golden Ridge 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 Golden Ridge's stock expected returns. We can calculate the autocorrelation of Golden Ridge returns to help us make a trade decision. For example, suppose you find that Golden Ridge 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 |
Golden Ridge 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 Golden Ridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Ridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Ridge stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Ridge Lagged Returns
When evaluating Golden Ridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Ridge stock have on its future price. Golden Ridge 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, Golden Ridge autocorrelation shows the relationship between Golden Ridge stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Ridge Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Golden Stock Analysis
When running Golden Ridge's price analysis, check to measure Golden Ridge'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 Ridge is operating at the current time. Most of Golden Ridge's value examination focuses on studying past and present price action to predict the probability of Golden Ridge'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 Ridge's price. Additionally, you may evaluate how the addition of Golden Ridge to your portfolios can decrease your overall portfolio volatility.