Golden Goliath Correlations

GGTHF
 Stock
  

USD 0.0194  0.0001  0.51%   

The correlation of Golden Goliath is a statistical measure of how it moves in relation to other equities. 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 Golden Goliath moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Goliath Res 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Golden Goliath could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Goliath 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 Golden Goliath - 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 Golden Goliath Res to buy it.

Moving against Golden Goliath

0.56FTSIFTS InternationalPairCorr
0.54BASXQBasic Energy ServicesPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BKRAROC
TSLAEBAY
EPDAROC
EPDEBAY
VRMTSLA
PLTRNIO
  
High negative correlations   
BKRBASXQ
PLTRBKR
BASXQAROC
VRMBKR
TSLABKR
NIOBKR

Golden Goliath Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Golden Goliath stock performing well and Golden Goliath company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Golden Goliath's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AROC 2.00 (0.12)  0.00 (0.07)  0.00 (0.05)  0.00  3.86 (5.92)  11.36 
BASXQ 295.45  154.19  0.00 (2.55)  0.00  0.12  0.00  0.00  0.00  9,900 
BKR 2.39 (0.29)  0.00 (0.25)  0.00 (0.1)  0.00  3.90 (5.48)  15.15 
CCLP 2.63 (0.03) (0.01)  0.04  3.71 (0.0109) (3.26)  5.67 (4.80)  26.52 
EBAY 1.96 (0.06) (0.01)  0.03  2.54 (0.0063) (1.92)  4.11 (4.22)  11.45 
TSLA 3.30  0.10  0.04  0.11  4.33  0.0439 (3.21)  7.33 (7.10)  16.65 
NIO 3.91  0.68  0.15  0.43  4.30  0.14 (4.16)  9.24 (7.65)  26.15 
VRM 7.20  0.96  0.11  0.53  8.54  0.10 (8.26)  18.49 (9.33)  71.81 
PLTR 4.10  0.42  0.10  0.26  4.61  0.10 (4.45)  8.63 (6.20)  27.86 
EPD 1.23  0.05  0.02  0.15  1.64  0.0168 (1.24)  2.01 (2.71)  7.13 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Golden Goliath without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Golden Goliath Corporate Directors

Golden Goliath corporate directors refer to members of a Golden Goliath board of directors. The board of directors generally takes responsibility for the Golden Goliath's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Golden Goliath's board members must vote for the resolution. The Golden Goliath board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Frank Hogel - DirectorProfile
Edward Sorbara - Independent DirectorProfile
Stephen Pearce - CFO, Corporate Secretary, DirectorProfile
Daniel Fernandez - DirectorProfile

Invested in Golden Goliath Res?

You need to understand the risk of investing before taking a position in Golden Goliath. The danger of trading Golden Goliath Res is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Golden Goliath is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Golden Goliath. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Golden Goliath Res is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Golden Goliath Res information on this page should be used as a complementary analysis to other Golden Goliath'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Golden Goliath Res price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.
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Is Golden Goliath's industry 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 Golden Goliath. If investors know Golden 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 Golden Goliath listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.8 M
Return On Assets
-0.089
Return On Equity
-0.16
The market value of Golden Goliath Res is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Goliath's value that differs from its market value or its book value, called intrinsic value, which is Golden Goliath'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 Golden Goliath's market value can be influenced by many factors that don't directly affect Golden Goliath'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 Golden Goliath's value and its price as these two are different measures arrived at by different means. Investors typically determine Golden Goliath value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Goliath'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.