Austin Gold Corp Stock Market Value
| AUST Stock | USD 1.21 0.04 3.42% |
| Symbol | Austin |
Austin Gold Corp Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Austin Gold. If investors know Austin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Austin Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Austin Gold Corp is measured differently than its book value, which is the value of Austin that is recorded on the company's balance sheet. Investors also form their own opinion of Austin Gold's value that differs from its market value or its book value, called intrinsic value, which is Austin Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Austin Gold's market value can be influenced by many factors that don't directly affect Austin Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Austin Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Austin Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Austin Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Austin 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 Austin 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 Austin Gold.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Austin Gold on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Austin Gold Corp or generate 0.0% return on investment in Austin Gold over 30 days. Austin Gold is related to or competes with Paramount Gold, Liberty Gold, GoldMining, International Tower, and Galiano Gold. Austin Gold Corp., a gold exploration company, focuses on the exploration and evaluation of mineral property interests i... More
Austin 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 Austin 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 Austin Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 52.96 | |||
| Value At Risk | (12.93) | |||
| Potential Upside | 13.14 |
Austin Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austin Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austin Gold's standard deviation. In reality, there are many statistical measures that can use Austin Gold historical prices to predict the future Austin Gold's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Austin 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.
Austin Gold Corp Backtested Returns
Austin Gold Corp secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of risk over the last 3 months. Austin Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Austin Gold's Risk Adjusted Performance of (0.02), standard deviation of 8.69, and Mean Deviation of 6.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Austin Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Austin Gold is expected to be smaller as well. At this point, Austin Gold Corp has a negative expected return of -0.82%. Please make sure to confirm Austin Gold's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Austin Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Austin Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Austin Gold time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Austin Gold Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Austin Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Austin Gold Corp lagged returns against current returns
Autocorrelation, which is Austin 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 Austin Gold's stock expected returns. We can calculate the autocorrelation of Austin Gold returns to help us make a trade decision. For example, suppose you find that Austin 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 |
Austin 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 Austin Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austin Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austin Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Austin Gold Lagged Returns
When evaluating Austin Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austin Gold stock have on its future price. Austin 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, Austin Gold autocorrelation shows the relationship between Austin Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Austin Gold Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Austin Stock Analysis
When running Austin Gold's price analysis, check to measure Austin 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 Austin Gold is operating at the current time. Most of Austin Gold's value examination focuses on studying past and present price action to predict the probability of Austin 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 Austin Gold's price. Additionally, you may evaluate how the addition of Austin Gold to your portfolios can decrease your overall portfolio volatility.