Asante Gold Stock Market Value
| ASGOF Stock | USD 0.85 0.05 5.56% |
| Symbol | Asante |
Asante 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 Asante 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 Asante Gold.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Asante Gold on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Asante Gold or generate 0.0% return on investment in Asante Gold over 30 days. Asante Gold is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mine... More
Asante 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 Asante 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 Asante Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.29 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 4.3 |
Asante Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asante Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asante Gold's standard deviation. In reality, there are many statistical measures that can use Asante Gold historical prices to predict the future Asante Gold's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | 0.0574 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0149 |
Asante Gold Backtested Returns
At this point, Asante Gold is dangerous. Asante Gold secures Sharpe Ratio (or Efficiency) of 7.0E-4, which signifies that the company had a 7.0E-4% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Asante Gold, which you can use to evaluate the volatility of the firm. Please confirm Asante Gold's risk adjusted performance of 0.0077, and Mean Deviation of 1.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.0018%. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asante Gold are expected to decrease at a much lower rate. During the bear market, Asante Gold is likely to outperform the market. Asante Gold right now shows a risk of 2.78%. Please confirm Asante Gold value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to decide if Asante Gold will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Asante Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Asante Gold time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Asante Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Asante Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asante Gold lagged returns against current returns
Autocorrelation, which is Asante 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 Asante Gold's pink sheet expected returns. We can calculate the autocorrelation of Asante Gold returns to help us make a trade decision. For example, suppose you find that Asante 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 |
Asante 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 Asante Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asante 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 Asante Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Asante Gold Lagged Returns
When evaluating Asante Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asante Gold pink sheet have on its future price. Asante 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, Asante Gold autocorrelation shows the relationship between Asante Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Asante Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Asante Pink Sheet
Asante Gold financial ratios help investors to determine whether Asante 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 Asante with respect to the benefits of owning Asante Gold security.