Marvel Gold Limited Stock Market Value
| GRXMF Stock | USD 0 0.00 0.00% |
| Symbol | Marvel |
Marvel 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 Marvel 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 Marvel Gold.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Marvel Gold on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Marvel Gold Limited or generate 0.0% return on investment in Marvel Gold over 720 days. Marvel Gold is related to or competes with Liberty Gold, Lion One, Aurion Resources, Orezone Gold, Rio2, Norsemont Mining, and K92 Mining. Marvel Gold Limited engages in the development and exploration of gold projects More
Marvel 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 Marvel 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 Marvel Gold Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 76.67 |
Marvel Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marvel Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marvel Gold's standard deviation. In reality, there are many statistical measures that can use Marvel Gold historical prices to predict the future Marvel Gold's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.26) | |||
| Total Risk Alpha | (2.66) | |||
| Treynor Ratio | (1.67) |
Marvel Gold Limited Backtested Returns
Marvel Gold Limited has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Marvel Gold exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Marvel Gold's Mean Deviation of 2.29, risk adjusted performance of (0.08), and Standard Deviation of 9.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Marvel Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marvel Gold is expected to be smaller as well. At this point, Marvel Gold Limited has a negative expected return of -1.22%. Please make sure to verify Marvel Gold's treynor ratio and rate of daily change , to decide if Marvel Gold Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Marvel Gold Limited has good predictability. Overlapping area represents the amount of predictability between Marvel Gold time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Marvel Gold Limited price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Marvel Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Marvel Gold Limited lagged returns against current returns
Autocorrelation, which is Marvel 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 Marvel Gold's pink sheet expected returns. We can calculate the autocorrelation of Marvel Gold returns to help us make a trade decision. For example, suppose you find that Marvel 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 |
Marvel 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 Marvel Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marvel 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 Marvel Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Marvel Gold Lagged Returns
When evaluating Marvel Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marvel Gold pink sheet have on its future price. Marvel 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, Marvel Gold autocorrelation shows the relationship between Marvel Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Marvel Gold Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Marvel Pink Sheet
Marvel Gold financial ratios help investors to determine whether Marvel 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 Marvel with respect to the benefits of owning Marvel Gold security.