Advance Gold Corp Stock Market Value
| ADGCF Stock | USD 0.01 0.00 0.00% |
| Symbol | Advance |
Advance 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 Advance Gold's pink sheet 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 Advance Gold.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Advance Gold on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Advance Gold Corp or generate 0.0% return on investment in Advance Gold over 300 days. Advance Lithium Corp., an exploration stage company, engages in the exploration and evaluation of mineral property inter... More
Advance 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 Advance Gold's pink sheet 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 Advance Gold Corp upside and downside potential and time the market with a certain degree of confidence.
Advance Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advance Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advance Gold's standard deviation. In reality, there are many statistical measures that can use Advance Gold historical prices to predict the future Advance Gold's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advance Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Advance Gold Corp Backtested Returns
We have found three technical indicators for Advance Gold Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Advance Gold are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Advance Gold Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Advance Gold time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Advance Gold Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Advance Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advance Gold Corp lagged returns against current returns
Autocorrelation, which is Advance Gold pink sheet'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 Advance Gold's pink sheet expected returns. We can calculate the autocorrelation of Advance Gold returns to help us make a trade decision. For example, suppose you find that Advance Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Advance 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 Advance Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advance Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advance Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Advance Gold Lagged Returns
When evaluating Advance Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advance Gold pink sheet have on its future price. Advance 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, Advance Gold autocorrelation shows the relationship between Advance Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Advance Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Advance Pink Sheet
Advance Gold financial ratios help investors to determine whether Advance Pink Sheet 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 Advance with respect to the benefits of owning Advance Gold security.