K2 Gold Stock Market Value
| KTO Stock | CAD 0.14 0.01 7.69% |
| Symbol | KTO |
K2 Gold Price To Book Ratio
K2 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 K2 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 K2 Gold.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in K2 Gold on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding K2 Gold or generate 0.0% return on investment in K2 Gold over 30 days. K2 Gold is related to or competes with Highway 50. K2 Gold Corporation, an exploration stage company, acquires, explores for, and evaluates gold exploration projects in Ca... More
K2 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 K2 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 K2 Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.08 | |||
| Information Ratio | 0.0906 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 16.67 |
K2 Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K2 Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K2 Gold's standard deviation. In reality, there are many statistical measures that can use K2 Gold historical prices to predict the future K2 Gold's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.8609 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0667 | |||
| Treynor Ratio | 1.7 |
K2 Gold Backtested Returns
K2 Gold appears to be out of control, given 3 months investment horizon. K2 Gold retains Efficiency (Sharpe Ratio) of 0.0704, which conveys that the company had a 0.0704% return per unit of price deviation over the last 3 months. By analyzing K2 Gold's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise K2 Gold's Standard Deviation of 8.89, market risk adjusted performance of 1.71, and Mean Deviation of 5.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K2 Gold holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, K2 Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding K2 Gold is expected to be smaller as well. Please check K2 Gold's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether K2 Gold's current price history will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
K2 Gold has excellent reverse predictability. Overlapping area represents the amount of predictability between K2 Gold time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 K2 Gold price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current K2 Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
K2 Gold lagged returns against current returns
Autocorrelation, which is K2 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 K2 Gold's stock expected returns. We can calculate the autocorrelation of K2 Gold returns to help us make a trade decision. For example, suppose you find that K2 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 |
K2 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 K2 Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K2 Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K2 Gold stock over time.
Current vs Lagged Prices |
| Timeline |
K2 Gold Lagged Returns
When evaluating K2 Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K2 Gold stock have on its future price. K2 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, K2 Gold autocorrelation shows the relationship between K2 Gold stock current value and its past values and can show if there is a momentum factor associated with investing in K2 Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for KTO Stock Analysis
When running K2 Gold's price analysis, check to measure K2 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 K2 Gold is operating at the current time. Most of K2 Gold's value examination focuses on studying past and present price action to predict the probability of K2 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 K2 Gold's price. Additionally, you may evaluate how the addition of K2 Gold to your portfolios can decrease your overall portfolio volatility.