Auq Gold Mining Stock Market Value
| AUQ Stock | 0.22 0.02 10.00% |
| Symbol | AuQ |
AuQ 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 AuQ 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 AuQ Gold.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in AuQ Gold on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding AuQ Gold Mining or generate 0.0% return on investment in AuQ Gold over 240 days. AuQ Gold is related to or competes with Exco Technologies, Data Communications, Quorum Information, MTY Food, Cogeco Communications, Firan Technology, and Verizon Communications. AuQ Gold is entity of Canada. It is traded as Stock on V exchange. More
AuQ 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 AuQ 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 AuQ Gold Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.04 | |||
| Information Ratio | 0.0584 | |||
| Maximum Drawdown | 30.43 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 10.0 |
AuQ Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AuQ Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AuQ Gold's standard deviation. In reality, there are many statistical measures that can use AuQ Gold historical prices to predict the future AuQ Gold's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.3485 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0379 | |||
| Treynor Ratio | 1.1 |
AuQ Gold Mining Backtested Returns
AuQ Gold appears to be out of control, given 3 months investment horizon. AuQ Gold Mining secures Sharpe Ratio (or Efficiency) of 0.09, which signifies that the company had a 0.09% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AuQ Gold Mining, which you can use to evaluate the volatility of the firm. Please makes use of AuQ Gold's risk adjusted performance of 0.0761, and Mean Deviation of 2.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AuQ Gold holds a performance score of 7. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AuQ Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding AuQ Gold is expected to be smaller as well. Please check AuQ Gold's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether AuQ Gold's price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
AuQ Gold Mining has very weak predictability. Overlapping area represents the amount of predictability between AuQ 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 AuQ Gold Mining price movement. The serial correlation of 0.18 indicates that over 18.0% of current AuQ Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AuQ Gold Mining lagged returns against current returns
Autocorrelation, which is AuQ 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 AuQ Gold's stock expected returns. We can calculate the autocorrelation of AuQ Gold returns to help us make a trade decision. For example, suppose you find that AuQ 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 |
AuQ 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 AuQ Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AuQ Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AuQ Gold stock over time.
Current vs Lagged Prices |
| Timeline |
AuQ Gold Lagged Returns
When evaluating AuQ Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AuQ Gold stock have on its future price. AuQ 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, AuQ Gold autocorrelation shows the relationship between AuQ Gold stock current value and its past values and can show if there is a momentum factor associated with investing in AuQ Gold Mining.
Regressed Prices |
| Timeline |
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Additional Tools for AuQ Stock Analysis
When running AuQ Gold's price analysis, check to measure AuQ 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 AuQ Gold is operating at the current time. Most of AuQ Gold's value examination focuses on studying past and present price action to predict the probability of AuQ 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 AuQ Gold's price. Additionally, you may evaluate how the addition of AuQ Gold to your portfolios can decrease your overall portfolio volatility.