Envirogold Global Limited Stock Market Value
| ESGLF Stock | USD 0.04 0.0001 0.24% |
| Symbol | EnviroGold |
EnviroGold Global '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 EnviroGold Global's otc 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 EnviroGold Global.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in EnviroGold Global on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding EnviroGold Global Limited or generate 0.0% return on investment in EnviroGold Global over 30 days. EnviroGold Global is related to or competes with Star Royalties, Defiance Silver, GoGold Resources, Teuton Resources, Mirasol Resources, and Silver Wolf. EnviroGold Global Limited operates as a clean technology company in Canada More
EnviroGold Global 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 EnviroGold Global's otc 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 EnviroGold Global Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.01 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 62.23 | |||
| Value At Risk | (10.46) | |||
| Potential Upside | 16.33 |
EnviroGold Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnviroGold Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnviroGold Global's standard deviation. In reality, there are many statistical measures that can use EnviroGold Global historical prices to predict the future EnviroGold Global's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.8851 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0704 | |||
| Treynor Ratio | 25.62 |
EnviroGold Global Backtested Returns
EnviroGold Global appears to be out of control, given 3 months investment horizon. EnviroGold Global secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing EnviroGold Global's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize EnviroGold Global's Mean Deviation of 4.46, coefficient of variation of 915.86, and Downside Deviation of 11.01 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EnviroGold Global holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0347, which means not very significant fluctuations relative to the market. As returns on the market increase, EnviroGold Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding EnviroGold Global is expected to be smaller as well. Please check EnviroGold Global's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether EnviroGold Global's price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
EnviroGold Global Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EnviroGold Global time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 EnviroGold Global price movement. The serial correlation of -0.73 indicates that around 73.0% of current EnviroGold Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EnviroGold Global lagged returns against current returns
Autocorrelation, which is EnviroGold Global otc 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 EnviroGold Global's otc stock expected returns. We can calculate the autocorrelation of EnviroGold Global returns to help us make a trade decision. For example, suppose you find that EnviroGold Global has exhibited high autocorrelation historically, and you observe that the otc 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 |
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EnviroGold Global 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 EnviroGold Global otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnviroGold Global otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnviroGold Global otc stock over time.
Current vs Lagged Prices |
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EnviroGold Global Lagged Returns
When evaluating EnviroGold Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnviroGold Global otc stock have on its future price. EnviroGold Global 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, EnviroGold Global autocorrelation shows the relationship between EnviroGold Global otc stock current value and its past values and can show if there is a momentum factor associated with investing in EnviroGold Global Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in EnviroGold OTC Stock
EnviroGold Global financial ratios help investors to determine whether EnviroGold OTC Stock 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 EnviroGold with respect to the benefits of owning EnviroGold Global security.