SITKA GOLD (Germany) Market Value
| 1RF Stock | EUR 0.25 0.01 3.85% |
| 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SITKA GOLD on October 31, 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 30 days. SITKA GOLD is related to or competes with Gaztransport Technigaz, Micron Technology, Air Transport, Transport International, and Align Technology. 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 | 0.1326 | |||
| 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 | 0.1241 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1505 | |||
| Treynor Ratio | (16.64) |
SITKA GOLD P Backtested Returns
SITKA GOLD appears to be out of control, given 3 months investment horizon. SITKA GOLD P owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of standard deviation over the last 3 months. By evaluating SITKA GOLD's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please review SITKA GOLD's risk adjusted performance of 0.1241, and Coefficient Of Variation of 664.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SITKA GOLD holds a performance score of 9. The entity has a beta of -0.0685, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SITKA GOLD are expected to decrease at a much lower rate. During the bear market, SITKA GOLD is likely to outperform the market. Please check SITKA GOLD's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether SITKA GOLD's existing price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
SITKA GOLD P has excellent reverse predictability. Overlapping area represents the amount of predictability between SITKA GOLD time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 -0.83 indicates that around 83.0% of current SITKA GOLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.64 | |
| 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.