SITKA GOLD (Germany) Market Value
| 1RF Stock | EUR 0.26 0.01 4.00% |
| Symbol | SITKA |
SITKA 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 SITKA 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 SITKA GOLD.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in SITKA GOLD on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding SITKA GOLD P or generate 0.0% return on investment in SITKA GOLD over 240 days. SITKA GOLD is related to or competes with Benchmark Electronics, ARROW ELECTRONICS, Meiko Electronics, Jacquet Metal, Evolution Mining, Renesas Electronics, and Zijin Mining. Sitka Gold Corp. engages in the exploration of mineral resource properties in Canada and the United States More
SITKA 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 SITKA 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 SITKA GOLD P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.73 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 43.67 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 13.64 |
SITKA GOLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SITKA GOLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SITKA GOLD's standard deviation. In reality, there are many statistical measures that can use SITKA GOLD historical prices to predict the future SITKA GOLD's volatility.| Risk Adjusted Performance | 0.1301 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1595 | |||
| Treynor Ratio | 1.0 |
SITKA GOLD P Backtested Returns
SITKA GOLD is out of control given 3 months investment horizon. SITKA GOLD P owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use SITKA GOLD P coefficient of variation of 631.35, and Risk Adjusted Performance of 0.1301 to evaluate company specific risk that cannot be diversified away. SITKA GOLD holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 1.2, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SITKA GOLD will likely underperform. Use SITKA GOLD P information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on SITKA GOLD P.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
SITKA GOLD P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SITKA GOLD time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SITKA GOLD P price movement. The serial correlation of -0.77 indicates that around 77.0% of current SITKA GOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SITKA GOLD P lagged returns against current returns
Autocorrelation, which is SITKA 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 SITKA GOLD's stock expected returns. We can calculate the autocorrelation of SITKA GOLD returns to help us make a trade decision. For example, suppose you find that SITKA 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 |
SITKA 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 SITKA GOLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SITKA GOLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SITKA GOLD stock over time.
Current vs Lagged Prices |
| Timeline |
SITKA GOLD Lagged Returns
When evaluating SITKA GOLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SITKA GOLD stock have on its future price. SITKA 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, SITKA GOLD autocorrelation shows the relationship between SITKA GOLD stock current value and its past values and can show if there is a momentum factor associated with investing in SITKA GOLD P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SITKA Stock
SITKA GOLD financial ratios help investors to determine whether SITKA 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 SITKA with respect to the benefits of owning SITKA GOLD security.