Headwater Gold Stock Market Value
| HWAUF Stock | USD 0.15 0.02 11.76% |
| Symbol | Headwater |
Headwater 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 Headwater Gold'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 Headwater Gold.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Headwater Gold on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Headwater Gold or generate 0.0% return on investment in Headwater Gold over 30 days. Headwater Gold is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Fortuna Silver, Sandstorm Gold, and I 80. Headwater Gold Inc. engages in the acquisition and exploration of precious metal properties in the United States More
Headwater 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 Headwater Gold'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 Headwater Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.42 | |||
| Information Ratio | 0.0587 | |||
| Maximum Drawdown | 42.05 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 12.5 |
Headwater Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Headwater Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Headwater Gold's standard deviation. In reality, there are many statistical measures that can use Headwater Gold historical prices to predict the future Headwater Gold's volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.2699 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0411 | |||
| Treynor Ratio | 0.2544 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Headwater Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Headwater Gold Backtested Returns
Headwater Gold appears to be out of control, given 3 months investment horizon. Headwater Gold holds Efficiency (Sharpe) Ratio of 0.0977, which attests that the entity had a 0.0977% return per unit of standard deviation over the last 3 months. By evaluating Headwater Gold's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Headwater Gold's risk adjusted performance of 0.0686, and Market Risk Adjusted Performance of 0.2644 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Headwater Gold holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.99, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Headwater Gold will likely underperform. Please check Headwater Gold's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Headwater Gold's current trending patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Headwater Gold has insignificant reverse predictability. Overlapping area represents the amount of predictability between Headwater Gold time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Headwater Gold price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Headwater Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Headwater Gold lagged returns against current returns
Autocorrelation, which is Headwater Gold 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 Headwater Gold's otc stock expected returns. We can calculate the autocorrelation of Headwater Gold returns to help us make a trade decision. For example, suppose you find that Headwater Gold 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 |
| Timeline |
Headwater 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 Headwater Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Headwater Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Headwater Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Headwater Gold Lagged Returns
When evaluating Headwater Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Headwater Gold otc stock have on its future price. Headwater 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, Headwater Gold autocorrelation shows the relationship between Headwater Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Headwater Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Headwater OTC Stock
Headwater Gold financial ratios help investors to determine whether Headwater 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 Headwater with respect to the benefits of owning Headwater Gold security.