Gogold Resources Stock Performance
| GGD Stock | CAD 1.26 0.04 3.08% |
On a scale of 0 to 100, GoGold Resources holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.25, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GoGold Resources will likely underperform. Please check GoGold Resources' information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether GoGold Resources' current trending patterns will revert.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in GoGold Resources are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting fundamental indicators, GoGold Resources displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Stocks In Play GoGold Resources Inc. - Barchart | 09/10/2024 |
2 | GoGold Resources And 2 Promising Penny Stocks On The TSX - Yahoo Finance Australia | 11/20/2024 |
| Begin Period Cash Flow | 73.3 M |
GoGold |
GoGold Resources Relative Risk vs. Return Landscape
If you would invest 112.00 in GoGold Resources on September 3, 2024 and sell it today you would earn a total of 18.00 from holding GoGold Resources or generate 16.07% return on investment over 90 days. GoGold Resources is generating 0.3058% of daily returns assuming 3.8763% volatility of returns over the 90 days investment horizon. Simply put, 34% of all stocks have less volatile historical return distribution than GoGold Resources, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
GoGold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoGold Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as GoGold Resources, and traders can use it to determine the average amount a GoGold Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0789
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Estimated Market Risk
| 3.88 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average GoGold Resources is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoGold Resources by adding it to a well-diversified portfolio.
GoGold Resources Fundamentals Growth
GoGold Stock prices reflect investors' perceptions of the future prospects and financial health of GoGold Resources, and GoGold Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GoGold Stock performance.
| Return On Equity | -0.0121 | |||
| Return On Asset | 4.0E-4 | |||
| Profit Margin | (0.11) % | |||
| Operating Margin | 0.35 % | |||
| Current Valuation | 322.4 M | |||
| Shares Outstanding | 329.53 M | |||
| Price To Earning | 1.34 X | |||
| Price To Book | 1.08 X | |||
| Price To Sales | 13.48 X | |||
| Revenue | 30.26 M | |||
| Gross Profit | 9.48 M | |||
| EBITDA | (6.24 M) | |||
| Net Income | (7.89 M) | |||
| Cash And Equivalents | 8.99 M | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 775 K | |||
| Debt To Equity | 51.30 % | |||
| Current Ratio | 5.16 X | |||
| Book Value Per Share | 0.86 X | |||
| Cash Flow From Operations | (7.42 M) | |||
| Earnings Per Share | (0.01) X | |||
| Market Capitalization | 428.39 M | |||
| Total Asset | 302.42 M | |||
| Retained Earnings | (34.4 M) | |||
| Working Capital | 101.71 M | |||
About GoGold Resources Performance
By examining GoGold Resources' fundamental ratios, stakeholders can obtain critical insights into GoGold Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that GoGold Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 179.06 | 297.57 | |
| Return On Tangible Assets | (0.02) | (0.02) | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | (0.02) | (0.02) | |
| Return On Equity | (0.03) | (0.03) |
Things to note about GoGold Resources performance evaluation
Checking the ongoing alerts about GoGold Resources for important developments is a great way to find new opportunities for your next move. 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: GoGold Resources And 2 Promising Penny Stocks On The TSX - Yahoo Finance Australia |
- Analyzing GoGold Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GoGold Resources' stock is overvalued or undervalued compared to its peers.
- Examining GoGold Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GoGold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of GoGold Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of GoGold Resources' stock. These opinions can provide insight into GoGold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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.