Goff Corp Stock Market Value
| WNFT Stock | USD 0.01 0.0001 1.11% |
| Symbol | Goff |
Goff Corp '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 Goff Corp's pink sheet 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 Goff Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Goff Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Goff Corp or generate 0.0% return on investment in Goff Corp over 30 days. Goff Corp is related to or competes with Star Royalties, Defiance Silver, GoGold Resources, Mirasol Resources, and Teuton Resources. Previously, the company was an exploration stage mining company that engaged in the exploration and mining of gold and s... More
Goff Corp 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 Goff Corp's pink sheet 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 Goff Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.79 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 63.31 | |||
| Value At Risk | (20.25) | |||
| Potential Upside | 28.75 |
Goff Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goff Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goff Corp's standard deviation. In reality, there are many statistical measures that can use Goff Corp historical prices to predict the future Goff Corp's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.6557 | |||
| Total Risk Alpha | (1.78) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | (0.04) |
Goff Corp Backtested Returns
Goff Corp holds Efficiency (Sharpe) Ratio of -0.0029, which attests that the entity had a -0.0029% return per unit of risk over the last 3 months. Goff Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goff Corp's Downside Deviation of 13.79, market risk adjusted performance of (0.03), and Risk Adjusted Performance of 0.0199 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -4.23, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Goff Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Goff Corp is expected to outperform it. At this point, Goff Corp has a negative expected return of -0.0382%. Please make sure to check out Goff Corp's treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Goff Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Goff Corp has modest predictability. Overlapping area represents the amount of predictability between Goff Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Goff Corp price movement. The serial correlation of 0.53 indicates that about 53.0% of current Goff Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goff Corp lagged returns against current returns
Autocorrelation, which is Goff Corp pink sheet'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 Goff Corp's pink sheet expected returns. We can calculate the autocorrelation of Goff Corp returns to help us make a trade decision. For example, suppose you find that Goff Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Goff Corp 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 Goff Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goff Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goff Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goff Corp Lagged Returns
When evaluating Goff Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goff Corp pink sheet have on its future price. Goff Corp 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, Goff Corp autocorrelation shows the relationship between Goff Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goff Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goff Pink Sheet Analysis
When running Goff Corp's price analysis, check to measure Goff Corp'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 Goff Corp is operating at the current time. Most of Goff Corp's value examination focuses on studying past and present price action to predict the probability of Goff Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goff Corp's price. Additionally, you may evaluate how the addition of Goff Corp to your portfolios can decrease your overall portfolio volatility.