Condor Gold Plc Stock Market Value
| COG Stock | CAD 0.40 0.01 2.44% |
| Symbol | Condor |
Condor Gold Plc Price To Book Ratio
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 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 Condor Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Condor Gold on October 31, 2024 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 30 days. Condor Gold is related to or competes with Steppe Gold, Golden Minerals, and Troilus Gold. Condor Gold Plc, together with its subsidiaries, engages in the exploration of 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 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 Condor Gold Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 32.73 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 7.89 |
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 | 0.0193 | |||
| Jensen Alpha | 0.1206 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.12) |
Condor Gold Plc Backtested Returns
As of now, Condor Stock is out of control. Condor Gold Plc secures Sharpe Ratio (or Efficiency) of 0.0226, which signifies that the company had a 0.0226% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Condor Gold Plc, which you can use to evaluate the volatility of the firm. Please confirm Condor Gold's Mean Deviation of 3.06, risk adjusted performance of 0.0193, and Downside Deviation of 4.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Condor Gold has a performance score of 1 on a scale of 0 to 100. 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, returns on owning Condor Gold are expected to decrease at a much lower rate. During the bear market, Condor Gold is likely to outperform the market. Condor Gold Plc right now shows a risk of 4.78%. Please confirm Condor Gold Plc downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Condor Gold Plc will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
Condor Gold Plc has below average predictability. Overlapping area represents the amount of predictability between Condor 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 Condor Gold Plc price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Condor Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Condor Gold Plc lagged returns against current returns
Autocorrelation, which is Condor 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 Condor Gold's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Condor Gold stock 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 stock 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 stock 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 |
Pair Trading with Condor Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Condor Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Condor Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Condor Stock
| 0.46 | AMZN | Amazon CDR | PairCorr |
| 0.39 | IE | Ivanhoe Energy | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
| 0.38 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to Condor Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Condor Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Condor Gold Plc to buy it.
The correlation of Condor Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Condor Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Gold Plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Condor Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Condor Stock
Condor Gold financial ratios help investors to determine whether Condor Stock 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.