Labrador Gold Corp Stock Market Value
| NKOSF Stock | USD 0.04 0 4.65% |
| Symbol | Labrador |
Labrador 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 Labrador Gold's otc 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 Labrador Gold.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Labrador Gold on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Labrador Gold Corp or generate 0.0% return on investment in Labrador Gold over 270 days. Labrador Gold is related to or competes with Mako Mining, Aurion Resources, Golden Star, Eloro Resources, Lion One, Irving Resources, and Goldshore Resources. Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas More
Labrador 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 Labrador Gold's otc 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 Labrador Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 32.11 | |||
| Value At Risk | (13.88) | |||
| Potential Upside | 13.21 |
Labrador Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Labrador Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Labrador Gold's standard deviation. In reality, there are many statistical measures that can use Labrador Gold historical prices to predict the future Labrador Gold's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | (2.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Labrador Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Labrador Gold Corp Backtested Returns
Labrador Gold Corp has Sharpe Ratio of -0.0258, which conveys that the firm had a -0.0258% return per unit of risk over the last 3 months. Labrador Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Labrador Gold's Mean Deviation of 6.0, risk adjusted performance of (0.01), and Standard Deviation of 7.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Labrador Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Labrador Gold is expected to be smaller as well. At this point, Labrador Gold Corp has a negative expected return of -0.2%. Please make sure to verify Labrador Gold's total risk alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Labrador Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Labrador Gold Corp has average predictability. Overlapping area represents the amount of predictability between Labrador Gold time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Labrador Gold Corp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Labrador Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Labrador Gold Corp lagged returns against current returns
Autocorrelation, which is Labrador Gold otc 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 Labrador Gold's otc stock expected returns. We can calculate the autocorrelation of Labrador Gold returns to help us make a trade decision. For example, suppose you find that Labrador Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Labrador 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 Labrador Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Labrador Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Labrador Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Labrador Gold Lagged Returns
When evaluating Labrador Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Labrador Gold otc stock have on its future price. Labrador 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, Labrador Gold autocorrelation shows the relationship between Labrador Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Labrador Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Labrador OTC Stock
Labrador Gold financial ratios help investors to determine whether Labrador OTC 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 Labrador with respect to the benefits of owning Labrador Gold security.