Kalgoorlie Gold (Australia) Market Value
| KAL Stock | 0.02 0 5.26% |
| Symbol | Kalgoorlie |
Kalgoorlie 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 Kalgoorlie Gold's 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 Kalgoorlie Gold.
| 01/22/2023 |
| 01/11/2025 |
If you would invest 0.00 in Kalgoorlie Gold on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding Kalgoorlie Gold Mining or generate 0.0% return on investment in Kalgoorlie Gold over 720 days. Kalgoorlie Gold is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, De Grey, Aneka Tambang, Sandfire Resources, and Perseus Mining. Kalgoorlie Gold is entity of Australia. It is traded as Stock on AU exchange. More
Kalgoorlie 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 Kalgoorlie Gold's 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 Kalgoorlie Gold Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.64 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Kalgoorlie Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kalgoorlie Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kalgoorlie Gold's standard deviation. In reality, there are many statistical measures that can use Kalgoorlie Gold historical prices to predict the future Kalgoorlie Gold's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.30) |
Kalgoorlie Gold Mining Backtested Returns
Kalgoorlie Gold Mining has Sharpe Ratio of -0.0415, which conveys that the firm had a -0.0415% return per unit of risk over the last 3 months. Kalgoorlie Gold exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kalgoorlie Gold's Risk Adjusted Performance of (0.04), standard deviation of 5.38, and Mean Deviation of 3.88 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. Kalgoorlie Gold returns are very sensitive to returns on the market. As the market goes up or down, Kalgoorlie Gold is expected to follow. At this point, Kalgoorlie Gold Mining has a negative expected return of -0.2%. Please make sure to verify Kalgoorlie Gold's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Kalgoorlie Gold Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Kalgoorlie Gold Mining has virtually no predictability. Overlapping area represents the amount of predictability between Kalgoorlie Gold time series from 22nd of January 2023 to 17th of January 2024 and 17th of January 2024 to 11th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kalgoorlie Gold Mining price movement. The serial correlation of 0.02 indicates that only 2.0% of current Kalgoorlie Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kalgoorlie Gold Mining lagged returns against current returns
Autocorrelation, which is Kalgoorlie Gold 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 Kalgoorlie Gold's stock expected returns. We can calculate the autocorrelation of Kalgoorlie Gold returns to help us make a trade decision. For example, suppose you find that Kalgoorlie Gold 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 |
Kalgoorlie 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 Kalgoorlie Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kalgoorlie Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kalgoorlie Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Kalgoorlie Gold Lagged Returns
When evaluating Kalgoorlie Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kalgoorlie Gold stock have on its future price. Kalgoorlie 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, Kalgoorlie Gold autocorrelation shows the relationship between Kalgoorlie Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Kalgoorlie Gold Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Kalgoorlie Stock Analysis
When running Kalgoorlie Gold's price analysis, check to measure Kalgoorlie Gold's 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 Kalgoorlie Gold is operating at the current time. Most of Kalgoorlie Gold's value examination focuses on studying past and present price action to predict the probability of Kalgoorlie Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kalgoorlie Gold's price. Additionally, you may evaluate how the addition of Kalgoorlie Gold to your portfolios can decrease your overall portfolio volatility.