Gold Resource Stock Market Value
| GORO Stock | USD 0.54 0.02 3.02% |
| Symbol | Gold |
Gold Resource Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.62) | Revenue Per Share | Quarterly Revenue Growth (0.34) | Return On Assets |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Gold Resource '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 Resource's 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 Resource.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Gold Resource on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Gold Resource or generate 0.0% return on investment in Gold Resource over 90 days. Gold Resource is related to or competes with Endeavour Silver, Fortitude Gold, Galiano Gold, GoldMining, IAMGold, McEwen Mining, and New Gold. Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico ... More
Gold Resource 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 Resource's 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 Resource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 45.77 | |||
| Value At Risk | (6.56) | |||
| Potential Upside | 16.98 |
Gold Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Resource's standard deviation. In reality, there are many statistical measures that can use Gold Resource historical prices to predict the future Gold Resource's volatility.| Risk Adjusted Performance | 0.0807 | |||
| Jensen Alpha | 0.4924 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | 0.8009 |
Gold Resource Backtested Returns
Gold Resource appears to be out of control, given 3 months investment horizon. Gold Resource holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. By evaluating Gold Resource's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize Gold Resource's Market Risk Adjusted Performance of 0.8109, downside deviation of 4.64, and Risk Adjusted Performance of 0.0807 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Resource holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gold Resource's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Resource is expected to be smaller as well. Please check Gold Resource's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Gold Resource's current trending patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Gold Resource has virtually no predictability. Overlapping area represents the amount of predictability between Gold Resource time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 Resource price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Gold Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold Resource lagged returns against current returns
Autocorrelation, which is Gold Resource 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 Resource's stock expected returns. We can calculate the autocorrelation of Gold Resource returns to help us make a trade decision. For example, suppose you find that Gold Resource 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 Resource 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 Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Resource Lagged Returns
When evaluating Gold Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Resource stock have on its future price. Gold Resource 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 Resource autocorrelation shows the relationship between Gold Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Resource.
Regressed Prices |
| Timeline |
Pair Trading with Gold Resource
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 Resource 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 Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Gold Stock
| 0.65 | AA | Alcoa Corp | PairCorr |
| 0.68 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.73 | RS | Reliance Steel Aluminum Earnings Call This Week | PairCorr |
| 0.72 | TX | Ternium SA ADR | PairCorr |
Moving against Gold Stock
The ability to find closely correlated positions to Gold Resource 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 Resource 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 Resource - 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 Resource to buy it.
The correlation of Gold Resource 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 Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold 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 Resource 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.Check out Gold Resource Correlation, Gold Resource Volatility and Gold Resource Alpha and Beta module to complement your research on Gold Resource. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Gold Resource technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.