Durango Resources Stock Market Value
| DGO Stock | CAD 0.02 0.01 20.00% |
| Symbol | Durango |
Durango Resources Price To Book Ratio
Durango Resources '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 Durango Resources' 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 Durango Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Durango Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Durango Resources or generate 0.0% return on investment in Durango Resources over 30 days. Durango Resources Inc., an exploration stage company, acquires and explores for precious and base mineral properties in ... More
Durango Resources 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 Durango Resources' 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 Durango Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.78 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 113.33 | |||
| Value At Risk | (22.22) | |||
| Potential Upside | 25.0 |
Durango Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Durango Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Durango Resources' standard deviation. In reality, there are many statistical measures that can use Durango Resources historical prices to predict the future Durango Resources' volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.5011 | |||
| Total Risk Alpha | (1.90) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | 0.3085 |
Durango Resources Backtested Returns
Durango Resources is out of control given 3 months investment horizon. Durango Resources secures Sharpe Ratio (or Efficiency) of 0.0728, which denotes the company had a 0.0728% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use Durango Resources Coefficient Of Variation of 1908.38, downside deviation of 23.78, and Mean Deviation of 8.91 to evaluate company specific risk that cannot be diversified away. Durango Resources holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.77, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Durango Resources will likely underperform. Use Durango Resources treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to analyze future returns on Durango Resources.
Auto-correlation | 0.66 |
Good predictability
Durango Resources has good predictability. Overlapping area represents the amount of predictability between Durango Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Durango Resources price movement. The serial correlation of 0.66 indicates that around 66.0% of current Durango Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Durango Resources lagged returns against current returns
Autocorrelation, which is Durango Resources 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 Durango Resources' stock expected returns. We can calculate the autocorrelation of Durango Resources returns to help us make a trade decision. For example, suppose you find that Durango Resources 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 |
Durango Resources 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 Durango Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Durango Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Durango Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Durango Resources Lagged Returns
When evaluating Durango Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Durango Resources stock have on its future price. Durango Resources 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, Durango Resources autocorrelation shows the relationship between Durango Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Durango Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Durango Stock Analysis
When running Durango Resources' price analysis, check to measure Durango Resources' 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 Durango Resources is operating at the current time. Most of Durango Resources' value examination focuses on studying past and present price action to predict the probability of Durango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durango Resources' price. Additionally, you may evaluate how the addition of Durango Resources to your portfolios can decrease your overall portfolio volatility.