Gold Springs Resource Stock Market Value
| GRC Stock | 0.1 0.01 5.56% |
| 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' 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.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Gold Springs on April 24, 2025 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 90 days. Gold Springs is related to or competes with Freeman Gold, Golden Star, Canagold Resources, and Troilus Gold. 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' 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.
| Downside Deviation | 12.02 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
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 | 0.0776 | |||
| Jensen Alpha | 0.2226 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | 0.3726 |
Gold Springs Resource Backtested Returns
Gold Springs appears to be out of control, given 3 months investment horizon. Gold Springs Resource holds Efficiency (Sharpe) Ratio of 0.0768, which attests that the entity had a 0.0768 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Gold Springs Resource, which you can use to evaluate the volatility of the firm. Please utilize Gold Springs' Market Risk Adjusted Performance of 0.3826, risk adjusted performance of 0.0776, and Downside Deviation of 12.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Springs holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.09, which attests to a somewhat significant risk relative to the market. Gold Springs returns are very sensitive to returns on the market. As the market goes up or down, Gold Springs is expected to follow. Please check Gold Springs' jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Gold Springs' current trending patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Gold Springs Resource has weak predictability. Overlapping area represents the amount of predictability between Gold Springs time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. 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 0.21 indicates that over 21.0% of current Gold Springs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold Springs Resource lagged returns against current returns
Autocorrelation, which is Gold Springs 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' 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Springs 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 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 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 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 |
Pair Trading with Gold Springs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gold Springs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gold Springs will appreciate offsetting losses from the drop in the long position's value.Moving against Gold Stock
The ability to find closely correlated positions to Gold Springs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Springs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gold Springs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gold Springs Resource to buy it.
The correlation of Gold Springs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Springs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Springs Resource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gold Springs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Gold Stock
Gold Springs financial ratios help investors to determine whether Gold 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.