Klondike Gold Corp Stock Market Value
| KG Stock | CAD 0.07 0.01 7.14% |
| Symbol | Klondike |
Klondike Gold Corp Price To Book Ratio
Klondike 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 Klondike 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 Klondike Gold.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Klondike Gold on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Klondike Gold Corp or generate 0.0% return on investment in Klondike Gold over 720 days. Klondike Gold is related to or competes with First Majestic, and Ivanhoe Energy. Klondike Gold Corp., a resource exploration company, engages in the exploration and development of mineral properties in... More
Klondike 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 Klondike 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 Klondike Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.72 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Klondike Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Klondike Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Klondike Gold's standard deviation. In reality, there are many statistical measures that can use Klondike Gold historical prices to predict the future Klondike Gold's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | 2.59 |
Klondike Gold Corp Backtested Returns
Klondike Gold Corp has Sharpe Ratio of -0.0708, which conveys that the firm had a -0.0708% return per unit of risk over the last 3 months. Klondike Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Klondike Gold's Standard Deviation of 5.49, risk adjusted performance of (0.04), and Mean Deviation of 2.51 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Klondike Gold are expected to decrease at a much lower rate. During the bear market, Klondike Gold is likely to outperform the market. At this point, Klondike Gold Corp has a negative expected return of -0.38%. Please make sure to verify Klondike Gold's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Klondike Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Klondike Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Klondike 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 Klondike Gold Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Klondike Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Klondike Gold Corp lagged returns against current returns
Autocorrelation, which is Klondike 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 Klondike Gold's stock expected returns. We can calculate the autocorrelation of Klondike Gold returns to help us make a trade decision. For example, suppose you find that Klondike 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 |
Klondike 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 Klondike Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Klondike Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Klondike Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Klondike Gold Lagged Returns
When evaluating Klondike Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Klondike Gold stock have on its future price. Klondike 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, Klondike Gold autocorrelation shows the relationship between Klondike Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Klondike Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Klondike Stock Analysis
When running Klondike Gold's price analysis, check to measure Klondike 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 Klondike Gold is operating at the current time. Most of Klondike Gold's value examination focuses on studying past and present price action to predict the probability of Klondike 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 Klondike Gold's price. Additionally, you may evaluate how the addition of Klondike Gold to your portfolios can decrease your overall portfolio volatility.