Majestic Gold Corp Stock Market Value
| MJS Stock | CAD 0.08 0.00 0.00% |
| Symbol | Majestic |
Majestic Gold Corp Price To Book Ratio
Majestic 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 Majestic 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 Majestic Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Majestic Gold on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Majestic Gold Corp or generate 0.0% return on investment in Majestic Gold over 30 days. Majestic Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China More
Majestic 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 Majestic 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 Majestic Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 26.71 | |||
| Value At Risk | (11.08) | |||
| Potential Upside | 12.5 |
Majestic Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Majestic Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Majestic Gold's standard deviation. In reality, there are many statistical measures that can use Majestic Gold historical prices to predict the future Majestic Gold's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.5188 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.62) |
Majestic Gold Corp Backtested Returns
Majestic Gold appears to be out of control, given 3 months investment horizon. Majestic Gold Corp has Sharpe Ratio of 0.0984, which conveys that the firm had a 0.0984% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Majestic Gold, which you can use to evaluate the volatility of the firm. Please exercise Majestic Gold's Risk Adjusted Performance of 0.0772, mean deviation of 2.3, and Standard Deviation of 4.89 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Majestic Gold holds a performance score of 7. The company secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Majestic Gold are expected to decrease at a much lower rate. During the bear market, Majestic Gold is likely to outperform the market. Please check Majestic Gold's total risk alpha, as well as the relationship between the kurtosis and relative strength index , to make a quick decision on whether Majestic Gold's current price movements will revert.
Auto-correlation | 1.00 |
Perfect predictability
Majestic Gold Corp has perfect predictability. Overlapping area represents the amount of predictability between Majestic Gold time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Majestic Gold Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Majestic Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Majestic Gold Corp lagged returns against current returns
Autocorrelation, which is Majestic 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 Majestic Gold's stock expected returns. We can calculate the autocorrelation of Majestic Gold returns to help us make a trade decision. For example, suppose you find that Majestic 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 |
Majestic 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 Majestic Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Majestic Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Majestic Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Majestic Gold Lagged Returns
When evaluating Majestic Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Majestic Gold stock have on its future price. Majestic 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, Majestic Gold autocorrelation shows the relationship between Majestic Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Majestic Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Majestic Stock Analysis
When running Majestic Gold's price analysis, check to measure Majestic 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 Majestic Gold is operating at the current time. Most of Majestic Gold's value examination focuses on studying past and present price action to predict the probability of Majestic 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 Majestic Gold's price. Additionally, you may evaluate how the addition of Majestic Gold to your portfolios can decrease your overall portfolio volatility.