Gold Road (Germany) Performance
E6Q Stock | EUR 0.98 0.03 3.16% |
On a scale of 0 to 100, Gold Road holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.0236, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gold Road are expected to decrease at a much lower rate. During the bear market, Gold Road is likely to outperform the market. Please check Gold Road's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Gold Road's current trending patterns will revert.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Gold Road Resources are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Gold Road reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Begin Period Cash Flow | 131.5 M |
Gold |
Gold Road Relative Risk vs. Return Landscape
If you would invest 84.00 in Gold Road Resources on February 28, 2024 and sell it today you would earn a total of 14.00 from holding Gold Road Resources or generate 16.67% return on investment over 90 days. Gold Road Resources is currently producing 0.3092% returns and takes up 3.3734% volatility of returns over 90 trading days. Put another way, 29% of traded stocks are less volatile than Gold, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
Risk |
Gold Road Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Road's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Gold Road Resources, and traders can use it to determine the average amount a Gold Road'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 = 0.0917
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Estimated Market Risk
3.37 actual daily | 29 71% of assets are more volatile |
Expected Return
0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Gold Road is performing at about 7% 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 Gold Road by adding it to a well-diversified portfolio.
Gold Road Fundamentals Growth
Gold Stock prices reflect investors' perceptions of the future prospects and financial health of Gold Road, and Gold Road fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Gold Stock performance.
Return On Equity | 0.1 | |||
Return On Asset | 0.072 | |||
Profit Margin | 0.17 % | |||
Operating Margin | 0.25 % | |||
Current Valuation | 1.13 B | |||
Shares Outstanding | 1.08 B | |||
Price To Earning | 2.41 X | |||
Price To Book | 2.62 X | |||
Price To Sales | 3.32 X | |||
Revenue | 382.94 M | |||
EBITDA | 177.88 M | |||
Cash And Equivalents | 188.71 M | |||
Cash Per Share | 0.22 X | |||
Book Value Per Share | 0.77 X | |||
Cash Flow From Operations | 89.24 M | |||
Earnings Per Share | 0.04 X | |||
Total Asset | 1.03 B | |||
About Gold Road Performance
To evaluate Gold Road Resources Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Gold Road 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 Gold Stock'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 Gold Road Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Gold'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.Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia. Gold Road operates under Gold classification in Germany and traded on Frankfurt Stock Exchange.Things to note about Gold Road Resources performance evaluation
Checking the ongoing alerts about Gold Road for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Gold Road Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Gold Road Resources has some characteristics of a very speculative penny stock | |
Gold Road Resources had very high historical volatility over the last 90 days |
- Analyzing Gold Road's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Gold Road's stock is overvalued or undervalued compared to its peers.
- Examining Gold Road's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Gold Road's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Gold Road's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Gold Road's stock. These opinions can provide insight into Gold Road's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gold Road Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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