Dynacor Gold Mines Stock Market Value
| DNGDF Stock | USD 4.19 0.19 4.75% |
| 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.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Dynacor Gold on January 6, 2023 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 690 days. Dynacor Gold is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. 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.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.007 | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.69 |
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 | 0.0636 | |||
| Jensen Alpha | 0.1228 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0061 | |||
| Treynor Ratio | 1.74 |
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
At this point, Dynacor Gold is slightly risky. Dynacor Gold Mines secures Sharpe Ratio (or Efficiency) of 0.0911, which denotes the company had a 0.0911% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dynacor Gold Mines, which you can use to evaluate the volatility of the firm. Please confirm Dynacor Gold's Downside Deviation of 2.14, mean deviation of 1.28, and Coefficient Of Variation of 1324.93 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Dynacor Gold has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0755, which means not very significant fluctuations relative to the market. 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. Dynacor Gold Mines right now shows a risk of 1.86%. Please confirm Dynacor Gold Mines total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Dynacor Gold Mines will be following its price patterns.
Auto-correlation | 0.45 |
Average predictability
Dynacor Gold Mines has average predictability. Overlapping area represents the amount of predictability between Dynacor Gold time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Dynacor Gold Mines price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Dynacor Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
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 |
Currently Active Assets on Macroaxis
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.