Mas Gold Corp Stock Market Value
| MAS Stock | CAD 0.02 0.01 100.00% |
| Symbol | MAS |
MAS Gold Corp Price To Book Ratio
MAS 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 MAS 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 MAS Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in MAS Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding MAS Gold Corp or generate 0.0% return on investment in MAS Gold over 30 days. MAS Gold is related to or competes with Goldbank Mining. MAS Gold Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada More
MAS 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 MAS 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 MAS Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1472 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
MAS Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAS Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAS Gold's standard deviation. In reality, there are many statistical measures that can use MAS Gold historical prices to predict the future MAS Gold's volatility.| Risk Adjusted Performance | 0.1257 | |||
| Jensen Alpha | 4.1 | |||
| Total Risk Alpha | 0.0132 | |||
| Treynor Ratio | 1.19 |
MAS Gold Corp Backtested Returns
MAS Gold is out of control given 3 months investment horizon. MAS Gold Corp has Sharpe Ratio of 0.16, which conveys that the company had a 0.16% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 4.84% are justified by taking the suggested risk. Use MAS Gold Corp mean deviation of 14.46, and Standard Deviation of 30.03 to evaluate company specific risk that cannot be diversified away. MAS Gold holds a performance score of 12 on a scale of zero to a hundred. The firm secures a Beta (Market Risk) of 3.8, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MAS Gold will likely underperform. Use MAS Gold Corp total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to analyze future returns on MAS Gold Corp.
Auto-correlation | 0.13 |
Insignificant predictability
MAS Gold Corp has insignificant predictability. Overlapping area represents the amount of predictability between MAS Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 MAS Gold Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current MAS Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MAS Gold Corp lagged returns against current returns
Autocorrelation, which is MAS 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 MAS Gold's stock expected returns. We can calculate the autocorrelation of MAS Gold returns to help us make a trade decision. For example, suppose you find that MAS 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 |
MAS 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 MAS Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAS Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAS Gold stock over time.
Current vs Lagged Prices |
| Timeline |
MAS Gold Lagged Returns
When evaluating MAS Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAS Gold stock have on its future price. MAS 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, MAS Gold autocorrelation shows the relationship between MAS Gold stock current value and its past values and can show if there is a momentum factor associated with investing in MAS Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MAS Stock Analysis
When running MAS Gold's price analysis, check to measure MAS 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 MAS Gold is operating at the current time. Most of MAS Gold's value examination focuses on studying past and present price action to predict the probability of MAS 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 MAS Gold's price. Additionally, you may evaluate how the addition of MAS Gold to your portfolios can decrease your overall portfolio volatility.