Gold Springs Resource Stock Market Value
| GRCAF Stock | USD 0.05 0.01 19.71% |
| Symbol | Gold |
Gold Springs '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 Springs' otc 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 Springs.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Gold Springs on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Gold Springs Resource or generate 0.0% return on investment in Gold Springs over 360 days. Gold Springs is related to or competes with Harmony Gold, SPACE, T Rowe, Ampleforth, Ionet, SEI Investments, and Embecta Corp. Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United... More
Gold Springs 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 Springs' otc 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 Springs Resource upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 51.43 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 6.25 |
Gold Springs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Springs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Springs' standard deviation. In reality, there are many statistical measures that can use Gold Springs historical prices to predict the future Gold Springs' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | 0.4023 |
Gold Springs Resource Backtested Returns
Gold Springs Resource holds Efficiency (Sharpe) Ratio of -0.0199, which attests that the entity had a -0.0199% return per unit of risk over the last 3 months. Gold Springs Resource exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Springs' Standard Deviation of 7.03, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.4123 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gold Springs are expected to decrease at a much lower rate. During the bear market, Gold Springs is likely to outperform the market. At this point, Gold Springs Resource has a negative expected return of -0.14%. Please make sure to check out Gold Springs' treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Gold Springs Resource performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Gold Springs Resource has poor predictability. Overlapping area represents the amount of predictability between Gold Springs time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Gold Springs Resource price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Gold Springs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold Springs Resource lagged returns against current returns
Autocorrelation, which is Gold Springs otc 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 Springs' otc stock expected returns. We can calculate the autocorrelation of Gold Springs returns to help us make a trade decision. For example, suppose you find that Gold Springs has exhibited high autocorrelation historically, and you observe that the otc 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 Springs 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 Springs otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Springs otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Springs otc stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Springs Lagged Returns
When evaluating Gold Springs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Springs otc stock have on its future price. Gold Springs 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 Springs autocorrelation shows the relationship between Gold Springs otc stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Springs Resource.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gold OTC Stock
Gold Springs financial ratios help investors to determine whether Gold OTC 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 Gold with respect to the benefits of owning Gold Springs security.