Cerrado Gold Corp Stock Market Value
| CERT Stock | CAD 0.35 0.01 2.78% |
| Symbol | Cerrado |
Cerrado 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 Cerrado 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 Cerrado Gold.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Cerrado Gold on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Cerrado Gold Corp or generate 0.0% return on investment in Cerrado Gold over 720 days. Cerrado Gold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Cerrado Gold Inc. operates as a gold mining and exploration company in South America More
Cerrado 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 Cerrado 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 Cerrado Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.1099 | |||
| Maximum Drawdown | 37.34 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 15.0 |
Cerrado Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cerrado Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cerrado Gold's standard deviation. In reality, there are many statistical measures that can use Cerrado Gold historical prices to predict the future Cerrado Gold's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.8741 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.1337 | |||
| Treynor Ratio | 1.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cerrado 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.
Cerrado Gold Corp Backtested Returns
Cerrado Gold is out of control given 3 months investment horizon. Cerrado Gold Corp secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Cerrado Gold Mean Deviation of 5.89, downside deviation of 6.3, and Risk Adjusted Performance of 0.1068 to evaluate company specific risk that cannot be diversified away. Cerrado Gold holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cerrado Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cerrado Gold is expected to be smaller as well. Use Cerrado Gold jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Cerrado Gold.
Auto-correlation | 0.08 |
Virtually no predictability
Cerrado Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Cerrado Gold time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Cerrado Gold Corp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Cerrado Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cerrado Gold Corp lagged returns against current returns
Autocorrelation, which is Cerrado 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 Cerrado Gold's stock expected returns. We can calculate the autocorrelation of Cerrado Gold returns to help us make a trade decision. For example, suppose you find that Cerrado 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 |
Cerrado 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 Cerrado Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cerrado Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cerrado Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Cerrado Gold Lagged Returns
When evaluating Cerrado Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cerrado Gold stock have on its future price. Cerrado 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, Cerrado Gold autocorrelation shows the relationship between Cerrado Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Cerrado Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cerrado Stock Analysis
When running Cerrado Gold's price analysis, check to measure Cerrado 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 Cerrado Gold is operating at the current time. Most of Cerrado Gold's value examination focuses on studying past and present price action to predict the probability of Cerrado 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 Cerrado Gold's price. Additionally, you may evaluate how the addition of Cerrado Gold to your portfolios can decrease your overall portfolio volatility.