Cerrado Gold Stock Market Value
| CRDOF Stock | USD 0.27 0.01 3.85% |
| 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 otc 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.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Cerrado Gold on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cerrado Gold or generate 0.0% return on investment in Cerrado Gold over 90 days. Cerrado Gold is related to or competes with Bellevue Gold, Asante Gold, Allegiant Gold, Condor Gold, Dynacor Gold, Bluestone Resources, and Aurion Resources. 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 otc 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.76 | |||
| Information Ratio | 0.1144 | |||
| Maximum Drawdown | 38.5 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 13.33 |
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 | 0.1109 | |||
| Jensen Alpha | 0.9473 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | (4.36) |
Cerrado Gold Backtested Returns
Cerrado Gold appears to be out of control, given 3 months investment horizon. Cerrado Gold secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Cerrado Gold's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of Cerrado Gold's Risk Adjusted Performance of 0.1109, mean deviation of 4.98, and Downside Deviation of 6.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cerrado Gold holds a performance score of 10. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cerrado Gold are expected to decrease at a much lower rate. During the bear market, Cerrado Gold is likely to outperform the market. Please check Cerrado Gold's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Cerrado Gold's price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Cerrado Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Cerrado Gold time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Cerrado Gold price movement. The serial correlation of -0.23 indicates that over 23.0% of current Cerrado Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cerrado Gold lagged returns against current returns
Autocorrelation, which is Cerrado Gold otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cerrado Gold otc 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 otc 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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cerrado Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cerrado OTC Stock
Cerrado Gold financial ratios help investors to determine whether Cerrado OTC 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 Cerrado with respect to the benefits of owning Cerrado Gold security.