Compass Gold Stock Market Value
| COGDF Stock | USD 0.14 0.01 7.69% |
| Symbol | Compass |
Compass 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 Compass 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 Compass Gold.
| 12/21/2024 |
| 01/15/2026 |
If you would invest 0.00 in Compass Gold on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Compass Gold or generate 0.0% return on investment in Compass Gold over 390 days. Compass Gold is related to or competes with Phenom Resources, Grande Portage, Velocity Minerals, Leviathan Gold, Tajiri Resources, Puma Exploration, and Brunswick Exploration. Compass Gold Corporation engages in the acquisition, exploration, and development of mineral properties in Mali More
Compass 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 Compass 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 Compass Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0352 | |||
| Maximum Drawdown | 88.85 |
Compass Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compass Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compass Gold's standard deviation. In reality, there are many statistical measures that can use Compass Gold historical prices to predict the future Compass Gold's volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.6198 | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compass 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.
Compass Gold Backtested Returns
Compass Gold appears to be out of control, given 3 months investment horizon. Compass Gold secures Sharpe Ratio (or Efficiency) of 0.0513, which signifies that the company had a 0.0513 % return per unit of risk over the last 3 months. We have found nineteen technical indicators for Compass Gold, which you can use to evaluate the volatility of the firm. Please makes use of Compass Gold's Standard Deviation of 8.01, mean deviation of 1.84, and Risk Adjusted Performance of 0.0446 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compass Gold holds a performance score of 4. The firm shows a Beta (market volatility) of -2.07, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Compass Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Compass Gold is expected to outperform it. Please check Compass Gold's jensen alpha and the relationship between the kurtosis and period momentum indicator , to make a quick decision on whether Compass Gold's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Compass Gold has below average predictability. Overlapping area represents the amount of predictability between Compass Gold time series from 21st of December 2024 to 4th of July 2025 and 4th of July 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Compass Gold price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Compass Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Compass Gold lagged returns against current returns
Autocorrelation, which is Compass 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 Compass Gold's pink sheet expected returns. We can calculate the autocorrelation of Compass Gold returns to help us make a trade decision. For example, suppose you find that Compass 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 |
Compass 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 Compass Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass 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 Compass Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Compass Gold Lagged Returns
When evaluating Compass Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compass Gold pink sheet have on its future price. Compass 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, Compass Gold autocorrelation shows the relationship between Compass Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Compass Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Compass Pink Sheet
Compass Gold financial ratios help investors to determine whether Compass 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 Compass with respect to the benefits of owning Compass Gold security.