Japan Gold Corp Stock Market Value
| JGLDF Stock | USD 0.05 0 7.00% |
| Symbol | Japan |
Japan 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 Japan 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 Japan Gold.
| 09/05/2023 |
| 11/28/2024 |
If you would invest 0.00 in Japan Gold on September 5, 2023 and sell it all today you would earn a total of 0.00 from holding Japan Gold Corp or generate 0.0% return on investment in Japan Gold over 450 days. Japan Gold is related to or competes with Vertiv Holdings, Nasdaq, McDonalds, Walmart, Caterpillar, HP, and Verizon Communications. Japan Gold Corp., a mineral exploration company, engages in the exploration and evaluation of mineral properties in Japa... More
Japan 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 Japan 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 Japan Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.51 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 45.04 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 10.2 |
Japan Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Gold's standard deviation. In reality, there are many statistical measures that can use Japan Gold historical prices to predict the future Japan Gold's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.6781 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Japan 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.
Japan Gold Corp Backtested Returns
Japan Gold appears to be out of control, given 3 months investment horizon. Japan Gold Corp holds Efficiency (Sharpe) Ratio of 0.0978, which attests that the entity had a 0.0978% return per unit of risk over the last 3 months. By evaluating Japan Gold's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Japan Gold's Market Risk Adjusted Performance of (0.21), downside deviation of 9.51, and Risk Adjusted Performance of 0.056 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Japan Gold holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -1.98, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Japan Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Japan Gold is expected to outperform it. Please check Japan Gold's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Japan Gold's current trending patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Japan Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Japan Gold time series from 5th of September 2023 to 17th of April 2024 and 17th of April 2024 to 28th 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 Japan Gold Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Japan Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Japan Gold Corp lagged returns against current returns
Autocorrelation, which is Japan 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 Japan Gold's otc stock expected returns. We can calculate the autocorrelation of Japan Gold returns to help us make a trade decision. For example, suppose you find that Japan 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 |
Japan 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 Japan Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan 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 Japan Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Japan Gold Lagged Returns
When evaluating Japan Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Gold otc stock have on its future price. Japan 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, Japan Gold autocorrelation shows the relationship between Japan Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Japan Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Japan OTC Stock
Japan Gold financial ratios help investors to determine whether Japan 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 Japan with respect to the benefits of owning Japan Gold security.