Auq Gold Mining Stock Market Value
| NSVLF Stock | USD 0.10 0.02 16.67% |
| Symbol | AuQ |
AuQ 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 AuQ Gold'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 AuQ Gold.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in AuQ Gold on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding AuQ Gold Mining or generate 0.0% return on investment in AuQ Gold over 360 days. AuQ Gold is related to or competes with National CineMedia, Apogee Enterprises, Pinterest, Zedge, Dave Busters, NETGEAR, and IPG Photonics. AuQ Gold Mining Inc., an exploration stage company, engages in the exploration of resource properties in Canada More
AuQ 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 AuQ Gold'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 AuQ Gold Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.14 |
AuQ Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AuQ Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AuQ Gold's standard deviation. In reality, there are many statistical measures that can use AuQ Gold historical prices to predict the future AuQ Gold's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (1.17) |
AuQ Gold Mining Backtested Returns
AuQ Gold Mining secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. AuQ Gold Mining exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AuQ Gold's mean deviation of 0.6002, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AuQ Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding AuQ Gold is expected to be smaller as well. At this point, AuQ Gold Mining has a negative expected return of -0.45%. Please make sure to confirm AuQ Gold's jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if AuQ Gold Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
AuQ Gold Mining has good predictability. Overlapping area represents the amount of predictability between AuQ Gold time series from 17th of December 2023 to 14th of June 2024 and 14th of June 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 AuQ Gold Mining price movement. The serial correlation of 0.71 indicates that around 71.0% of current AuQ Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AuQ Gold Mining lagged returns against current returns
Autocorrelation, which is AuQ Gold 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 AuQ Gold's pink sheet expected returns. We can calculate the autocorrelation of AuQ Gold returns to help us make a trade decision. For example, suppose you find that AuQ Gold 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 |
AuQ 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 AuQ Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AuQ Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AuQ Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AuQ Gold Lagged Returns
When evaluating AuQ Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AuQ Gold pink sheet have on its future price. AuQ 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, AuQ Gold autocorrelation shows the relationship between AuQ Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AuQ Gold Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AuQ Pink Sheet
AuQ Gold financial ratios help investors to determine whether AuQ 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 AuQ with respect to the benefits of owning AuQ Gold security.