Endurance Gold Corp Stock Market Value
| EDG Stock | CAD 0.14 0.01 7.69% |
| Symbol | Endurance |
Endurance Gold Corp Price To Book Ratio
Endurance 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 Endurance 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 Endurance Gold.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Endurance Gold on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Endurance Gold Corp or generate 0.0% return on investment in Endurance Gold over 720 days. Endurance Gold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Endurance Gold Corporation explores for and develops mineral properties in North America More
Endurance 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 Endurance 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 Endurance Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.26 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Endurance Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endurance Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endurance Gold's standard deviation. In reality, there are many statistical measures that can use Endurance Gold historical prices to predict the future Endurance Gold's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 1.62 |
Endurance Gold Corp Backtested Returns
Endurance Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0808, which denotes the company had a -0.0808% return per unit of standard deviation over the last 3 months. Endurance Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Endurance Gold's Coefficient Of Variation of (1,544), standard deviation of 4.39, and Mean Deviation of 2.58 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, returns on owning Endurance Gold are expected to decrease at a much lower rate. During the bear market, Endurance Gold is likely to outperform the market. At this point, Endurance Gold Corp has a negative expected return of -0.32%. Please make sure to confirm Endurance Gold's potential upside, day typical price, and the relationship between the total risk alpha and daily balance of power , to decide if Endurance Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Endurance Gold Corp has modest predictability. Overlapping area represents the amount of predictability between Endurance Gold time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Endurance Gold Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Endurance Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Endurance Gold Corp lagged returns against current returns
Autocorrelation, which is Endurance 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 Endurance Gold's stock expected returns. We can calculate the autocorrelation of Endurance Gold returns to help us make a trade decision. For example, suppose you find that Endurance 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 |
Endurance 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 Endurance Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endurance Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endurance Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Endurance Gold Lagged Returns
When evaluating Endurance Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endurance Gold stock have on its future price. Endurance 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, Endurance Gold autocorrelation shows the relationship between Endurance Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Endurance Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Endurance Stock Analysis
When running Endurance Gold's price analysis, check to measure Endurance 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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance 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 Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.