New Guinea Gold Stock Market Value
New Guinea's market value is the price at which a share of New Guinea trades on a public exchange. It measures the collective expectations of New Guinea Gold investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of New Guinea Gold and determine expected loss or profit from investing in New Guinea over a given investment horizon. Check out New Guinea Correlation, New Guinea Volatility and New Guinea Alpha and Beta module to complement your research on New Guinea.
| Symbol | New |
New Guinea '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 New Guinea's pink sheet 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 New Guinea.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in New Guinea on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding New Guinea Gold or generate 0.0% return on investment in New Guinea over 30 days. New Guinea is related to or competes with Radisson Mining, Minaurum Gold, Fortitude Gold, New Gold, Galiano Gold, GoldMining, and IAMGold. New Guinea Gold Corporation engages in the exploration and mining of mineral properties in Papua New Guinea More
New Guinea 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 New Guinea's pink sheet 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 New Guinea Gold upside and downside potential and time the market with a certain degree of confidence.
New Guinea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Guinea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Guinea's standard deviation. In reality, there are many statistical measures that can use New Guinea historical prices to predict the future New Guinea's volatility.New Guinea Gold Backtested Returns
We have found zero technical indicators for New Guinea, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and New Guinea are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
New Guinea Gold has no correlation between past and present. Overlapping area represents the amount of predictability between New Guinea time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 New Guinea Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current New Guinea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Guinea Gold lagged returns against current returns
Autocorrelation, which is New Guinea pink sheet'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 New Guinea's pink sheet expected returns. We can calculate the autocorrelation of New Guinea returns to help us make a trade decision. For example, suppose you find that New Guinea has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
New Guinea 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 New Guinea pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Guinea pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Guinea pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New Guinea Lagged Returns
When evaluating New Guinea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Guinea pink sheet have on its future price. New Guinea 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, New Guinea autocorrelation shows the relationship between New Guinea pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Guinea Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Pink Sheet
New Guinea financial ratios help investors to determine whether New Pink Sheet 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 New with respect to the benefits of owning New Guinea security.