Avidian Gold Corp Stock Market Value
| AVGDF Stock | USD 0.09 0.04 83.73% |
| Symbol | Avidian |
Avidian 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 Avidian 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 Avidian Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Avidian Gold on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Avidian Gold Corp or generate 0.0% return on investment in Avidian Gold over 30 days. Avidian Gold is related to or competes with Aurion Resources, Rio2, and Grande Portage. Avidian Gold Corp. engages in the acquisition, exploration, and development of gold properties in North America More
Avidian 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 Avidian 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 Avidian Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 37.31 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 143.66 | |||
| Value At Risk | (26.10) | |||
| Potential Upside | 23.91 |
Avidian Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avidian Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avidian Gold's standard deviation. In reality, there are many statistical measures that can use Avidian Gold historical prices to predict the future Avidian Gold's volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 0.8955 | |||
| Total Risk Alpha | (2.27) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 1.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avidian 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.
Avidian Gold Corp Backtested Returns
Avidian Gold is out of control given 3 months investment horizon. Avidian Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0527, which signifies that the company had a 0.0527% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Avidian Gold Mean Deviation of 7.59, downside deviation of 37.31, and Risk Adjusted Performance of 0.0493 to evaluate company specific risk that cannot be diversified away. Avidian Gold holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Avidian Gold returns are very sensitive to returns on the market. As the market goes up or down, Avidian Gold is expected to follow. Use Avidian Gold value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to analyze future returns on Avidian Gold.
Auto-correlation | 0.19 |
Very weak predictability
Avidian Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Avidian Gold time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Avidian Gold Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Avidian Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Avidian Gold Corp lagged returns against current returns
Autocorrelation, which is Avidian 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 Avidian Gold's pink sheet expected returns. We can calculate the autocorrelation of Avidian Gold returns to help us make a trade decision. For example, suppose you find that Avidian 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 |
Avidian 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 Avidian Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avidian 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 Avidian Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Avidian Gold Lagged Returns
When evaluating Avidian Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avidian Gold pink sheet have on its future price. Avidian 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, Avidian Gold autocorrelation shows the relationship between Avidian Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Avidian Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Avidian Pink Sheet
Avidian Gold financial ratios help investors to determine whether Avidian 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 Avidian with respect to the benefits of owning Avidian Gold security.