Nulegacy Gold Stock Market Value
| NULGF Stock | USD 0 0 50.00% |
| Symbol | Nulegacy |
Nulegacy 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 Nulegacy 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 Nulegacy Gold.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nulegacy Gold on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nulegacy Gold or generate 0.0% return on investment in Nulegacy Gold over 30 days. Nulegacy Gold is related to or competes with Phenom Resources, Irving Resources, Lion One, Torex Gold, Cassiar Gold, Robex Resources, and Independence Gold. NuLegacy Gold Corporation engages in the acquisition and exploration of mineral properties More
Nulegacy 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 Nulegacy 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 Nulegacy Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.83 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (46.00) | |||
| Potential Upside | 25.0 |
Nulegacy Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nulegacy Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nulegacy Gold's standard deviation. In reality, there are many statistical measures that can use Nulegacy Gold historical prices to predict the future Nulegacy Gold's volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.1609 | |||
| Total Risk Alpha | (3.23) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | 0.1642 |
Nulegacy Gold Backtested Returns
Nulegacy Gold appears to be out of control, given 3 months investment horizon. Nulegacy Gold 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. By analyzing Nulegacy Gold's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise Nulegacy Gold's Mean Deviation of 12.36, risk adjusted performance of 0.029, and Downside Deviation of 30.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nulegacy Gold holds a performance score of 2. The company secures a Beta (Market Risk) of 3.68, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nulegacy Gold will likely underperform. Please check Nulegacy Gold's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Nulegacy Gold's current price movements will revert.
Auto-correlation | 0.35 |
Below average predictability
Nulegacy Gold has below average predictability. Overlapping area represents the amount of predictability between Nulegacy Gold time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Nulegacy Gold price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Nulegacy Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nulegacy Gold lagged returns against current returns
Autocorrelation, which is Nulegacy 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 Nulegacy Gold's pink sheet expected returns. We can calculate the autocorrelation of Nulegacy Gold returns to help us make a trade decision. For example, suppose you find that Nulegacy 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 |
Nulegacy 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 Nulegacy Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nulegacy 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 Nulegacy Gold pink sheet over time.
Current vs Lagged Prices |
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Nulegacy Gold Lagged Returns
When evaluating Nulegacy Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nulegacy Gold pink sheet have on its future price. Nulegacy 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, Nulegacy Gold autocorrelation shows the relationship between Nulegacy Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nulegacy Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nulegacy Pink Sheet
Nulegacy Gold financial ratios help investors to determine whether Nulegacy 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 Nulegacy with respect to the benefits of owning Nulegacy Gold security.