Dynacor Gold Mines Stock Market Value
DNGDF Stock | USD 3.91 0.33 7.78% |
Symbol | Dynacor |
Dynacor 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 Dynacor 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 Dynacor Gold.
02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Dynacor Gold on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Dynacor Gold Mines or generate 0.0% return on investment in Dynacor Gold over 360 days. Dynacor Gold is related to or competes with Orezone Gold, and OceanaGold. Dynacor Group Inc. engages in the exploration, development, and mining of minerals properties in Peru More
Dynacor 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 Dynacor 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 Dynacor Gold Mines upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.08) | |||
Maximum Drawdown | 10.29 | |||
Value At Risk | (3.04) | |||
Potential Upside | 3.73 |
Dynacor Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynacor Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynacor Gold's standard deviation. In reality, there are many statistical measures that can use Dynacor Gold historical prices to predict the future Dynacor Gold's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.28) | |||
Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynacor 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.
Dynacor Gold Mines Backtested Returns
Dynacor Gold Mines secures Sharpe Ratio (or Efficiency) of -0.0425, which denotes the company had a -0.0425 % return per unit of risk over the last 3 months. Dynacor Gold Mines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynacor Gold's Mean Deviation of 1.37, variance of 4.69, and Standard Deviation of 2.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dynacor Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynacor Gold is expected to be smaller as well. At this point, Dynacor Gold Mines has a negative expected return of -0.092%. Please make sure to confirm Dynacor Gold's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Dynacor Gold Mines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Dynacor Gold Mines has good predictability. Overlapping area represents the amount of predictability between Dynacor Gold time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dynacor Gold Mines price movement. The serial correlation of 0.72 indicates that around 72.0% of current Dynacor Gold price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.72 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.04 |
Dynacor Gold Mines lagged returns against current returns
Autocorrelation, which is Dynacor 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 Dynacor Gold's pink sheet expected returns. We can calculate the autocorrelation of Dynacor Gold returns to help us make a trade decision. For example, suppose you find that Dynacor 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 |
Dynacor 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 Dynacor Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynacor 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 Dynacor Gold pink sheet over time.
Current vs Lagged Prices |
Timeline |
Dynacor Gold Lagged Returns
When evaluating Dynacor Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynacor Gold pink sheet have on its future price. Dynacor 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, Dynacor Gold autocorrelation shows the relationship between Dynacor Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Dynacor Gold Mines.
Regressed Prices |
Timeline |
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Other Information on Investing in Dynacor Pink Sheet
Dynacor Gold financial ratios help investors to determine whether Dynacor 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 Dynacor with respect to the benefits of owning Dynacor Gold security.