Gold79 Mines Stock Market Value
| AUU Stock | CAD 0.32 0.01 3.23% |
| Symbol | Gold79 |
Gold79 Mines Price To Book Ratio
Gold79 Mines '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 Gold79 Mines' 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 Gold79 Mines.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Gold79 Mines on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Gold79 Mines or generate 0.0% return on investment in Gold79 Mines over 30 days. Gold79 Mines is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Aura Resources Inc. engages in the identification, acquisition, evaluation, and exploration of precious metal deposits i... More
Gold79 Mines 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 Gold79 Mines' 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 Gold79 Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.0679 | |||
| Maximum Drawdown | 24.5 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 7.14 |
Gold79 Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold79 Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold79 Mines' standard deviation. In reality, there are many statistical measures that can use Gold79 Mines historical prices to predict the future Gold79 Mines' volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.4469 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.053 | |||
| Treynor Ratio | (1.00) |
Gold79 Mines Backtested Returns
Gold79 Mines appears to be out of control, given 3 months investment horizon. Gold79 Mines holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gold79 Mines, which you can use to evaluate the volatility of the firm. Please utilize Gold79 Mines' Risk Adjusted Performance of 0.0838, market risk adjusted performance of (0.99), and Downside Deviation of 5.3 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold79 Mines holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gold79 Mines are expected to decrease at a much lower rate. During the bear market, Gold79 Mines is likely to outperform the market. Please check Gold79 Mines' total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Gold79 Mines' current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Gold79 Mines has no correlation between past and present. Overlapping area represents the amount of predictability between Gold79 Mines 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 Gold79 Mines price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gold79 Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold79 Mines lagged returns against current returns
Autocorrelation, which is Gold79 Mines 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 Gold79 Mines' stock expected returns. We can calculate the autocorrelation of Gold79 Mines returns to help us make a trade decision. For example, suppose you find that Gold79 Mines 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 |
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Gold79 Mines 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 Gold79 Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold79 Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold79 Mines stock over time.
Current vs Lagged Prices |
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Gold79 Mines Lagged Returns
When evaluating Gold79 Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold79 Mines stock have on its future price. Gold79 Mines 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, Gold79 Mines autocorrelation shows the relationship between Gold79 Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Gold79 Mines.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Gold79 Stock Analysis
When running Gold79 Mines' price analysis, check to measure Gold79 Mines' 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 Gold79 Mines is operating at the current time. Most of Gold79 Mines' value examination focuses on studying past and present price action to predict the probability of Gold79 Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold79 Mines' price. Additionally, you may evaluate how the addition of Gold79 Mines to your portfolios can decrease your overall portfolio volatility.