Independence Gold Corp Stock Market Value
| IEGCF Stock | USD 0.15 0.01 6.25% |
| Symbol | Independence |
Independence 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 Independence 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 Independence Gold.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Independence Gold on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Independence Gold Corp or generate 0.0% return on investment in Independence Gold over 720 days. Independence Gold is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North Am... More
Independence 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 Independence 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 Independence Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.86 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 11.11 |
Independence Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Independence Gold's standard deviation. In reality, there are many statistical measures that can use Independence Gold historical prices to predict the future Independence Gold's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 0.2354 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence 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.
Independence Gold Corp Backtested Returns
At this point, Independence Gold is out of control. Independence Gold Corp holds Efficiency (Sharpe) Ratio of 0.014, which attests that the entity had a 0.014% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Independence Gold Corp, which you can use to evaluate the volatility of the firm. Please check out Independence Gold's Standard Deviation of 6.15, risk adjusted performance of 0.0081, and Market Risk Adjusted Performance of 0.2454 to validate if the risk estimate we provide is consistent with the expected return of 0.0862%. Independence Gold has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0636, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Independence Gold are expected to decrease at a much lower rate. During the bear market, Independence Gold is likely to outperform the market. Independence Gold Corp right now retains a risk of 6.17%. Please check out Independence Gold information ratio, skewness, price action indicator, as well as the relationship between the treynor ratio and rate of daily change , to decide if Independence Gold will be following its current trending patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Independence Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Independence Gold time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Independence Gold Corp price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Independence Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
Independence Gold Corp lagged returns against current returns
Autocorrelation, which is Independence 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 Independence Gold's otc stock expected returns. We can calculate the autocorrelation of Independence Gold returns to help us make a trade decision. For example, suppose you find that Independence 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 |
Independence 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 Independence Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Independence 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 Independence Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Independence Gold Lagged Returns
When evaluating Independence Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Independence Gold otc stock have on its future price. Independence 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, Independence Gold autocorrelation shows the relationship between Independence Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Independence Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Independence OTC Stock
Independence Gold financial ratios help investors to determine whether Independence 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 Independence with respect to the benefits of owning Independence Gold security.