Goldplay OTC Pink Sheet Performance

AUCCF
 Stock
  

USD 0.0197  0.00  0.00%   

The company retains a Market Volatility (i.e., Beta) of -0.6678, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Goldplay's beta means in this case. As returns on the market increase, returns on owning Goldplay Mining are expected to decrease at a much lower rate. During the bear market, Goldplay Mining is likely to outperform the market. Even though it is essential to pay attention to Goldplay Mining current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Goldplay Mining exposes twenty-one different technical indicators, which can help you to evaluate its performance. Goldplay Mining has an expected return of -0.97%. Please be advised to check out Goldplay Mining variance and the relationship between the treynor ratio and expected short fall to decide if Goldplay Mining performance from the past will be repeated at some point in the near future.
  
Goldplay Performance
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Over the last 90 days Goldplay Mining has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's fundamental indicators remain rather sound which may send shares a bit higher in January 2023. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Goldplay Price Channel

Fifty Two Week Low0.0197
Fifty Two Week High0.1300

Goldplay Mining Relative Risk vs. Return Landscape

If you would invest  4.80  in Goldplay Mining on September 3, 2022 and sell it today you would lose (2.83)  from holding Goldplay Mining or give up 58.96% of portfolio value over 90 days. Goldplay Mining is currently producing negative expected returns and takes up 7.5488% volatility of returns over 90 trading days. Put another way, 65% of traded otc pink sheets are less volatile than Goldplay, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Goldplay Mining is expected to under-perform the market. In addition to that, the company is 4.97 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 per unit of volatility.

Goldplay Mining Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldplay Mining's investment risk. Standard deviation is the most common way to measure market volatility of otc pink sheets, such as Goldplay Mining, and traders can use it to determine the average amount a Goldplay Mining's 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 = -0.128

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Negative ReturnsAUCCF
Estimated Market Risk
 7.55
  actual daily
 
 65 %
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6565
Expected Return
 -0.97
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 0 %
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 -0.13
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Based on monthly moving average Goldplay Mining is performing at about 0% 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 Goldplay Mining by adding it to a well-diversified portfolio.

About Goldplay Mining Performance

To evaluate Goldplay Mining OTC Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Goldplay Mining generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Goldplay OTC Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Goldplay Mining market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Goldplay's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Goldplay Mining Inc. engages in the acquisition and exploration of mineral properties. Goldplay Mining Inc. was incorporated in 2017 and is based in Vancouver, Canada. Goldplay Mining is traded on OTC Exchange in the United States.

Things to note about Goldplay Mining

Checking the ongoing alerts about Goldplay Mining for important developments is a great way to find new opportunities for your next move. OTC Pink Sheet alerts and notifications screener for Goldplay Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Goldplay Mining Alerts

Equity Alerts and Improvement Suggestions

Goldplay Mining generated a negative expected return over the last 90 days
Goldplay Mining has high historical volatility and very poor performance
Goldplay Mining has some characteristics of a very speculative penny stock
Goldplay Mining has high likelihood to experience some financial distress in the next 2 years
Please continue to Trending Equities. Note that the Goldplay Mining information on this page should be used as a complementary analysis to other Goldplay Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Goldplay Mining price analysis, check to measure Goldplay Mining'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 Goldplay Mining is operating at the current time. Most of Goldplay Mining's value examination focuses on studying past and present price action to predict the probability of Goldplay Mining's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Goldplay Mining's price. Additionally, you may evaluate how the addition of Goldplay Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Goldplay Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine Goldplay Mining value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldplay Mining'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.