Aya Gold's market value is the price at which a share of Aya Gold trades on a public exchange. It measures the collective expectations of Aya Gold Silver investors about its performance. Aya Gold is trading at 7.46 as of the 8th of January 2025. This is a 2.33 percent increase since the beginning of the trading day. The stock's lowest day price was 7.46. With this module, you can estimate the performance of a buy and hold strategy of Aya Gold Silver and determine expected loss or profit from investing in Aya Gold over a given investment horizon. Check out Aya Gold Correlation, Aya Gold Volatility and Aya Gold Alpha and Beta module to complement your research on Aya Gold.
Please note, there is a significant difference between Aya Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aya Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aya Gold'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.
Aya Gold '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 Aya Gold'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 Aya Gold.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in Aya Gold on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Aya Gold Silver or generate 0.0% return on investment in Aya Gold over 30 days. Aya Gold is related to or competes with ORMAT TECHNOLOGIES, Sunny Optical, CARSALESCOM, Kingdee International, Uber Technologies, PKSHA TECHNOLOGY, and Agilent Technologies. Aya Gold Silver Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and developme... More
Aya Gold 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 Aya Gold'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 Aya Gold Silver upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aya Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aya Gold's standard deviation. In reality, there are many statistical measures that can use Aya Gold historical prices to predict the future Aya Gold's volatility.
Aya Gold Silver secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Aya Gold Silver exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aya Gold's risk adjusted performance of (0.15), and Mean Deviation of 2.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0882, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aya Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aya Gold is expected to be smaller as well. At this point, Aya Gold Silver has a negative expected return of -0.71%. Please make sure to confirm Aya Gold's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Aya Gold Silver performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.12
Insignificant reverse predictability
Aya Gold Silver has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aya Gold time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Aya Gold Silver price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Aya Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.12
Spearman Rank Test
-0.57
Residual Average
0.0
Price Variance
0.02
Aya Gold Silver lagged returns against current returns
Autocorrelation, which is Aya Gold 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 Aya Gold's stock expected returns. We can calculate the autocorrelation of Aya Gold returns to help us make a trade decision. For example, suppose you find that Aya Gold 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
Aya Gold 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 Aya Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aya Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aya Gold stock over time.
Current vs Lagged Prices
Timeline
Aya Gold Lagged Returns
When evaluating Aya Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aya Gold stock have on its future price. Aya Gold 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, Aya Gold autocorrelation shows the relationship between Aya Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Aya Gold Silver.
Aya Gold financial ratios help investors to determine whether Aya Stock 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 Aya with respect to the benefits of owning Aya Gold security.