Dynasty Gold Corp Stock Market Value
| DYG Stock | CAD 0.12 0.01 7.69% |
| Symbol | Dynasty |
Dynasty 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 Dynasty Gold's 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 Dynasty Gold.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Dynasty Gold on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dynasty Gold Corp or generate 0.0% return on investment in Dynasty Gold over 30 days. Dynasty Gold is related to or competes with East Side, NextSource Materials, Canlan Ice, InPlay Oil, Thunderbird Entertainment, and Firan Technology. Dynasty Gold Corp., an exploration stage company, acquires, explores for, and develops mineral properties More
Dynasty 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 Dynasty Gold's 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 Dynasty Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 22.62 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 8.33 |
Dynasty Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynasty Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynasty Gold's standard deviation. In reality, there are many statistical measures that can use Dynasty Gold historical prices to predict the future Dynasty Gold's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.37) | |||
| Treynor Ratio | (2.54) |
Dynasty Gold Corp Backtested Returns
Dynasty Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0945, which denotes the company had a -0.0945% return per unit of risk over the last 3 months. Dynasty Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynasty Gold's Mean Deviation of 4.05, variance of 34.27, and Standard Deviation of 5.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Dynasty Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynasty Gold is expected to be smaller as well. At this point, Dynasty Gold Corp has a negative expected return of -0.55%. Please make sure to confirm Dynasty Gold's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Dynasty Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Dynasty Gold Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Dynasty Gold time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Dynasty Gold Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Dynasty Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dynasty Gold Corp lagged returns against current returns
Autocorrelation, which is Dynasty Gold 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 Dynasty Gold's stock expected returns. We can calculate the autocorrelation of Dynasty Gold returns to help us make a trade decision. For example, suppose you find that Dynasty Gold 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 |
Dynasty 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 Dynasty Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynasty Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynasty Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Dynasty Gold Lagged Returns
When evaluating Dynasty Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynasty Gold stock have on its future price. Dynasty 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, Dynasty Gold autocorrelation shows the relationship between Dynasty Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Dynasty Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Dynasty Stock Analysis
When running Dynasty Gold's price analysis, check to measure Dynasty Gold's 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 Dynasty Gold is operating at the current time. Most of Dynasty Gold's value examination focuses on studying past and present price action to predict the probability of Dynasty Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynasty Gold's price. Additionally, you may evaluate how the addition of Dynasty Gold to your portfolios can decrease your overall portfolio volatility.