Artemis Gold Stock Market Value
| ARTG Stock | CAD 14.15 0.28 2.02% |
| Symbol | Artemis |
Artemis Gold Price To Book Ratio
Artemis 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 Artemis 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 Artemis Gold.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Artemis Gold on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Artemis Gold or generate 0.0% return on investment in Artemis Gold over 720 days. Artemis Gold is related to or competes with Liberty Gold, Osisko Development, Ascot Resources, and Equinox Gold. Artemis Gold Inc., a gold development company, focuses on the identification, acquisition, and development of gold prope... More
Artemis 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 Artemis 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 Artemis Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 13.9 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 5.17 |
Artemis Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artemis Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artemis Gold's standard deviation. In reality, there are many statistical measures that can use Artemis Gold historical prices to predict the future Artemis Gold's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.1316 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0056 | |||
| Treynor Ratio | 3.78 |
Artemis Gold Backtested Returns
Artemis Gold appears to be somewhat reliable, given 3 months investment horizon. Artemis Gold secures Sharpe Ratio (or Efficiency) of 0.0865, which signifies that the company had a 0.0865% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Artemis Gold, which you can use to evaluate the volatility of the firm. Please makes use of Artemis Gold's Mean Deviation of 2.26, risk adjusted performance of 0.0451, and Downside Deviation of 2.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Artemis Gold holds a performance score of 6. The firm shows a Beta (market volatility) of 0.036, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Artemis Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artemis Gold is expected to be smaller as well. Please check Artemis Gold's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Artemis Gold's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Artemis Gold has good predictability. Overlapping area represents the amount of predictability between Artemis Gold time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Artemis Gold price movement. The serial correlation of 0.77 indicates that around 77.0% of current Artemis Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 7.38 |
Artemis Gold lagged returns against current returns
Autocorrelation, which is Artemis 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 Artemis Gold's stock expected returns. We can calculate the autocorrelation of Artemis Gold returns to help us make a trade decision. For example, suppose you find that Artemis 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 |
Artemis 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 Artemis Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artemis Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artemis Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Artemis Gold Lagged Returns
When evaluating Artemis Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artemis Gold stock have on its future price. Artemis 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, Artemis Gold autocorrelation shows the relationship between Artemis Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Artemis Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Artemis Stock Analysis
When running Artemis Gold's price analysis, check to measure Artemis Gold'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 Artemis Gold is operating at the current time. Most of Artemis Gold's value examination focuses on studying past and present price action to predict the probability of Artemis Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artemis Gold's price. Additionally, you may evaluate how the addition of Artemis Gold to your portfolios can decrease your overall portfolio volatility.