Exgen Resources Stock Market Value
| EXG Stock | CAD 0.08 0.00 0.00% |
| Symbol | ExGen |
ExGen Resources '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 ExGen Resources' 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 ExGen Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ExGen Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ExGen Resources or generate 0.0% return on investment in ExGen Resources over 30 days. ExGen Resources is related to or competes with Quipt Home, Converge Technology, Air Canada, Richelieu Hardware, Quisitive Technology, and Thunderbird Entertainment. ExGen Resources Inc. engages in the exploration of mineral properties in Canada and the United States More
ExGen Resources 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 ExGen Resources' 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 ExGen Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 53.33 |
ExGen Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ExGen Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ExGen Resources' standard deviation. In reality, there are many statistical measures that can use ExGen Resources historical prices to predict the future ExGen Resources' volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 0.3735 | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 1.78 |
ExGen Resources Backtested Returns
ExGen Resources appears to be out of control, given 3 months investment horizon. ExGen Resources secures Sharpe Ratio (or Efficiency) of 0.0305, which denotes the company had a 0.0305% return per unit of return volatility over the last 3 months. We have found sixteen technical indicators for ExGen Resources, which you can use to evaluate the volatility of the firm. Please utilize ExGen Resources' standard deviation of 6.74, and Mean Deviation of 2.27 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ExGen Resources holds a performance score of 2. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, ExGen Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding ExGen Resources is expected to be smaller as well. Please check ExGen Resources' mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to make a quick decision on whether ExGen Resources' price patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
ExGen Resources has perfect predictability. Overlapping area represents the amount of predictability between ExGen Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 ExGen Resources price movement. The serial correlation of 1.0 indicates that 100.0% of current ExGen Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ExGen Resources lagged returns against current returns
Autocorrelation, which is ExGen Resources 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 ExGen Resources' stock expected returns. We can calculate the autocorrelation of ExGen Resources returns to help us make a trade decision. For example, suppose you find that ExGen Resources 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 |
ExGen Resources 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 ExGen Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ExGen Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ExGen Resources stock over time.
Current vs Lagged Prices |
| Timeline |
ExGen Resources Lagged Returns
When evaluating ExGen Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ExGen Resources stock have on its future price. ExGen Resources 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, ExGen Resources autocorrelation shows the relationship between ExGen Resources stock current value and its past values and can show if there is a momentum factor associated with investing in ExGen Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ExGen Stock Analysis
When running ExGen Resources' price analysis, check to measure ExGen Resources' 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 ExGen Resources is operating at the current time. Most of ExGen Resources' value examination focuses on studying past and present price action to predict the probability of ExGen Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ExGen Resources' price. Additionally, you may evaluate how the addition of ExGen Resources to your portfolios can decrease your overall portfolio volatility.