Condor Gold Plc Stock Market Value
| CNDGF Stock | USD 0.31 0.06 24.00% |
| Symbol | Condor |
Condor 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 Condor 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 Condor Gold.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Condor Gold on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Condor Gold Plc or generate 0.0% return on investment in Condor Gold over 720 days. Condor Gold is related to or competes with Vertiv Holdings, Nasdaq, McDonalds, Walmart, Caterpillar, HP, and Verizon Communications. Condor Gold Plc, together with its subsidiaries, explores and develops gold and silver properties in Nicaragua More
Condor 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 Condor 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 Condor Gold Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 66.53 |
Condor Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Condor Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Condor Gold's standard deviation. In reality, there are many statistical measures that can use Condor Gold historical prices to predict the future Condor Gold's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | 0.0832 |
Condor Gold Plc Backtested Returns
Condor Gold Plc secures Sharpe Ratio (or Efficiency) of -0.0091, which signifies that the company had a -0.0091% return per unit of risk over the last 3 months. Condor Gold Plc exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Condor Gold's Mean Deviation of 1.83, standard deviation of 7.2, and Risk Adjusted Performance of 0.0022 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.89, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Condor Gold are expected to decrease slowly. On the other hand, during market turmoil, Condor Gold is expected to outperform it slightly. At this point, Condor Gold Plc has a negative expected return of -0.0668%. Please make sure to confirm Condor Gold's total risk alpha and the relationship between the daily balance of power and relative strength index , to decide if Condor Gold Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Condor Gold Plc has below average predictability. Overlapping area represents the amount of predictability between Condor Gold time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Condor Gold Plc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Condor Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Condor Gold Plc lagged returns against current returns
Autocorrelation, which is Condor 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 Condor Gold's pink sheet expected returns. We can calculate the autocorrelation of Condor Gold returns to help us make a trade decision. For example, suppose you find that Condor 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 |
Condor 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 Condor Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor 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 Condor Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Condor Gold Lagged Returns
When evaluating Condor Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Condor Gold pink sheet have on its future price. Condor 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, Condor Gold autocorrelation shows the relationship between Condor Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Condor Gold Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Condor Pink Sheet
Condor Gold financial ratios help investors to determine whether Condor 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 Condor with respect to the benefits of owning Condor Gold security.