Montage Gold Corp Stock Market Value
| MAU Stock | 9.98 0.13 1.32% |
| Symbol | Montage |
Montage Gold Corp Price To Book Ratio
Montage 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 Montage 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 Montage Gold.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in Montage Gold on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding Montage Gold Corp or generate 0.0% return on investment in Montage Gold over 180 days. Montage Gold is related to or competes with Allied Gold, Ivanhoe Energy, Skeena Resources, Wesdome Gold, Aris Mining, Collective Mining, and Centerra Gold. Montage Gold is entity of Canada. It is traded as Stock on TO exchange. More
Montage 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 Montage 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 Montage Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.1685 | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 6.23 |
Montage Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Montage Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Montage Gold's standard deviation. In reality, there are many statistical measures that can use Montage Gold historical prices to predict the future Montage Gold's volatility.| Risk Adjusted Performance | 0.1408 | |||
| Jensen Alpha | 0.5769 | |||
| Total Risk Alpha | 0.3365 | |||
| Sortino Ratio | 0.1961 | |||
| Treynor Ratio | 1.17 |
Montage Gold Corp Backtested Returns
Montage Gold appears to be somewhat reliable, given 3 months investment horizon. Montage Gold Corp has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. By analyzing Montage Gold's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please exercise Montage Gold's Downside Deviation of 2.8, mean deviation of 2.57, and Risk Adjusted Performance of 0.1408 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Montage Gold holds a performance score of 14. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Montage Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Montage Gold is expected to be smaller as well. Please check Montage Gold's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Montage Gold's current price movements will revert.
Auto-correlation | 0.90 |
Excellent predictability
Montage Gold Corp has excellent predictability. Overlapping area represents the amount of predictability between Montage Gold time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 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 Montage Gold Corp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Montage Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Montage Gold Corp lagged returns against current returns
Autocorrelation, which is Montage 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 Montage Gold's stock expected returns. We can calculate the autocorrelation of Montage Gold returns to help us make a trade decision. For example, suppose you find that Montage 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 |
Montage 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 Montage Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Montage Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Montage Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Montage Gold Lagged Returns
When evaluating Montage Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Montage Gold stock have on its future price. Montage 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, Montage Gold autocorrelation shows the relationship between Montage Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Montage Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Montage Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Montage Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Montage Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Montage Stock
| 0.92 | ABX | Barrick Gold Corp | PairCorr |
| 0.73 | WPM | Wheaton Precious Metals | PairCorr |
| 0.87 | K | Kinross Gold Corp | PairCorr |
Moving against Montage Stock
The ability to find closely correlated positions to Montage Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Montage Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Montage Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Montage Gold Corp to buy it.
The correlation of Montage Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Montage Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Montage Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Montage Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Montage Stock
Montage Gold financial ratios help investors to determine whether Montage 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 Montage with respect to the benefits of owning Montage Gold security.