Goldex Resources Stock Market Value
| GDXRF Stock | USD 0.01 0.00 0.00% |
| Symbol | Goldex |
Goldex Resources '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 Goldex Resources' 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 Goldex Resources.
| 05/11/2025 |
| 08/09/2025 |
If you would invest 0.00 in Goldex Resources on May 11, 2025 and sell it all today you would earn a total of 0.00 from holding Goldex Resources or generate 0.0% return on investment in Goldex Resources over 90 days. Goldex Resources is related to or competes with Osisko Development, DRDGOLD Limited, Osisko Gold, Tristar Gold, and GMV Minerals. Goldex Resources Corporation acquires and explores gold properties in Canada and Guatemala More
Goldex Resources 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 Goldex Resources' 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 Goldex Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 70.0 |
Goldex Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldex Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldex Resources' standard deviation. In reality, there are many statistical measures that can use Goldex Resources historical prices to predict the future Goldex Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (2.19) | |||
| Treynor Ratio | 1.94 |
Goldex Resources Backtested Returns
Goldex Resources appears to be out of control, given 3 months investment horizon. Goldex Resources holds Efficiency (Sharpe) Ratio of 0.0462, which attests that the entity had a 0.0462 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Goldex Resources, which you can use to evaluate the volatility of the firm. Please utilize Goldex Resources' Standard Deviation of 10.43, market risk adjusted performance of 1.95, and Risk Adjusted Performance of (0.04) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goldex Resources holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goldex Resources are expected to decrease at a much lower rate. During the bear market, Goldex Resources is likely to outperform the market. Please check Goldex Resources' standard deviation and skewness , to make a quick decision on whether Goldex Resources' current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Goldex Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Goldex Resources time series from 11th of May 2025 to 25th of June 2025 and 25th of June 2025 to 9th of August 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 Goldex Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Goldex Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldex Resources lagged returns against current returns
Autocorrelation, which is Goldex Resources 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 Goldex Resources' pink sheet expected returns. We can calculate the autocorrelation of Goldex Resources returns to help us make a trade decision. For example, suppose you find that Goldex Resources 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 |
Goldex Resources 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 Goldex Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldex Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldex Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goldex Resources Lagged Returns
When evaluating Goldex Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldex Resources pink sheet have on its future price. Goldex Resources 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, Goldex Resources autocorrelation shows the relationship between Goldex Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goldex Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goldex Pink Sheet
Goldex Resources financial ratios help investors to determine whether Goldex Pink Sheet 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 Goldex with respect to the benefits of owning Goldex Resources security.