Galleon Gold Stock Forward View - Simple Regression
| GGO Stock | CAD 1.10 0.02 1.85% |
Galleon Stock outlook is based on your current time horizon.
At this time, The relative strength momentum indicator of Galleon Gold's share price is at 53. This usually indicates that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Galleon Gold, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth (0.23) | Wall Street Target Price 2.75 |
Using Galleon Gold hype-based prediction, you can estimate the value of Galleon Gold Corp from the perspective of Galleon Gold response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Galleon Gold Corp on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.35. Galleon Gold after-hype prediction price | CAD 1.17 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Galleon |
Galleon Gold Additional Predictive Modules
Most predictive techniques to examine Galleon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Galleon using various technical indicators. When you analyze Galleon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Galleon Gold Simple Regression Price Forecast For the 4th of February
Given 90 days horizon, the Simple Regression forecasted value of Galleon Gold Corp on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.35.Please note that although there have been many attempts to predict Galleon Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Galleon Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Galleon Gold Stock Forecast Pattern
| Backtest Galleon Gold | Galleon Gold Price Prediction | Research Analysis |
Galleon Gold Forecasted Value
In the context of forecasting Galleon Gold's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Galleon Gold's downside and upside margins for the forecasting period are 0.01 and 7.64, respectively. We have considered Galleon Gold's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Galleon Gold stock data series using in forecasting. Note that when a statistical model is used to represent Galleon Gold stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.4672 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0864 |
| MAPE | Mean absolute percentage error | 0.0949 |
| SAE | Sum of the absolute errors | 5.3548 |
Predictive Modules for Galleon Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galleon Gold Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Galleon Gold After-Hype Price Density Analysis
As far as predicting the price of Galleon Gold at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Galleon Gold or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Galleon Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Galleon Gold Estimiated After-Hype Price Volatility
In the context of predicting Galleon Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Galleon Gold's historical news coverage. Galleon Gold's after-hype downside and upside margins for the prediction period are 0.06 and 7.45, respectively. We have considered Galleon Gold's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Galleon Gold is abnormally volatile at this time. Analysis and calculation of next after-hype price of Galleon Gold Corp is based on 3 months time horizon.
Galleon Gold Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Galleon Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Galleon Gold backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Galleon Gold, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.33 | 6.28 | 0.07 | 0.00 | 5 Events / Month | 2 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1.10 | 1.17 | 6.36 |
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Galleon Gold Hype Timeline
Galleon Gold Corp is currently traded for 1.10on TSX Venture Exchange of Canada. The entity has historical hype elasticity of 0.07, and average elasticity to hype of competition of 0.0. Galleon is estimated to increase in value after the next headline, with the price projected to jump to 1.17 or above. The average volatility of media hype impact on the company the price is over 100%. The price increase on the next news is anticipated to be 6.36%, whereas the daily expected return is currently at 1.33%. The volatility of related hype on Galleon Gold is about 251200.0%, with the expected price after the next announcement by competition of 1.10. Assuming the 90 days horizon the next estimated press release will be in about 5 days. Check out Historical Fundamental Analysis of Galleon Gold to cross-verify your projections.Galleon Gold Related Hype Analysis
Having access to credible news sources related to Galleon Gold's direct competition is more important than ever and may enhance your ability to predict Galleon Gold's future price movements. Getting to know how Galleon Gold's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Galleon Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RDG | Ridgeline Minerals Corp | 0.01 | 6 per month | 0.00 | (0.03) | 8.33 | (8.00) | 39.41 | |
| EDG | Endurance Gold Corp | 0.02 | 9 per month | 2.70 | 0.23 | 19.35 | (5.26) | 53.82 | |
| YGT | Gold Terra Resource | (0.01) | 3 per month | 4.32 | 0.18 | 15.38 | (9.09) | 43.33 | |
| WHN | Westhaven Ventures | (0.02) | 2 per month | 4.02 | 0.07 | 8.33 | (7.69) | 58.17 | |
| ROS | Roscan Gold Corp | (0.01) | 1 per month | 5.67 | 0.07 | 10.00 | (11.76) | 28.18 | |
| TSG | Tristar Gold | 0.01 | 7 per month | 2.88 | 0.10 | 6.25 | (5.88) | 19.62 | |
| BRAU | Big Ridge Gold | 0.00 | 3 per month | 4.40 | 0.13 | 11.11 | (9.52) | 28.52 | |
| JG | Japan Gold Corp | (0.02) | 2 per month | 0.00 | (0.05) | 8.33 | (7.69) | 17.42 |
Other Forecasting Options for Galleon Gold
For every potential investor in Galleon, whether a beginner or expert, Galleon Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Galleon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Galleon. Basic forecasting techniques help filter out the noise by identifying Galleon Gold's price trends.Galleon Gold Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Galleon Gold stock to make a market-neutral strategy. Peer analysis of Galleon Gold could also be used in its relative valuation, which is a method of valuing Galleon Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Galleon Gold Market Strength Events
Market strength indicators help investors to evaluate how Galleon Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Galleon Gold shares will generate the highest return on investment. By undertsting and applying Galleon Gold stock market strength indicators, traders can identify Galleon Gold Corp entry and exit signals to maximize returns.
Galleon Gold Risk Indicators
The analysis of Galleon Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Galleon Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting galleon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.52 | |||
| Semi Deviation | 4.35 | |||
| Standard Deviation | 6.2 | |||
| Variance | 38.39 | |||
| Downside Variance | 24.19 | |||
| Semi Variance | 18.91 | |||
| Expected Short fall | (5.94) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Galleon Gold
The number of cover stories for Galleon Gold depends on current market conditions and Galleon Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Galleon Gold is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Galleon Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for Galleon Stock Analysis
When running Galleon Gold's price analysis, check to measure Galleon Gold'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 Galleon Gold is operating at the current time. Most of Galleon Gold's value examination focuses on studying past and present price action to predict the probability of Galleon Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galleon Gold's price. Additionally, you may evaluate how the addition of Galleon Gold to your portfolios can decrease your overall portfolio volatility.