Outcrop Gold Corp Stock Market Value
| OCG Stock | CAD 0.22 0.01 4.76% |
| Symbol | Outcrop |
Outcrop Gold Corp Price To Book Ratio
Outcrop 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 Outcrop 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 Outcrop Gold.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Outcrop Gold on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Outcrop Gold Corp or generate 0.0% return on investment in Outcrop Gold over 360 days. Outcrop Gold is related to or competes with Strikepoint Gold, Kootenay Silver, and Blackrock Silver. Outcrop Gold Corp., an exploration stage company, engages in the identification, acquisition, development, exploration, ... More
Outcrop 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 Outcrop 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 Outcrop Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.8 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 29.76 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 9.52 |
Outcrop Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outcrop Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outcrop Gold's standard deviation. In reality, there are many statistical measures that can use Outcrop Gold historical prices to predict the future Outcrop Gold's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.5112 |
Outcrop Gold Corp Backtested Returns
Outcrop Gold appears to be out of control, given 3 months investment horizon. Outcrop Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0416, which implies the firm had a 0.0416% return per unit of risk over the last 3 months. We have found thirty technical indicators for Outcrop Gold Corp, which you can use to evaluate the volatility of the company. Please evaluate Outcrop Gold's Semi Deviation of 4.59, risk adjusted performance of 0.0222, and Coefficient Of Variation of 5673.12 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Outcrop Gold holds a performance score of 3. The company holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Outcrop Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Outcrop Gold is expected to be smaller as well. Please check Outcrop Gold's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Outcrop Gold's historical price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Outcrop Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Outcrop Gold time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Outcrop Gold Corp price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Outcrop Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Outcrop Gold Corp lagged returns against current returns
Autocorrelation, which is Outcrop 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 Outcrop Gold's stock expected returns. We can calculate the autocorrelation of Outcrop Gold returns to help us make a trade decision. For example, suppose you find that Outcrop 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 |
Outcrop 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 Outcrop Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outcrop Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outcrop Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Outcrop Gold Lagged Returns
When evaluating Outcrop Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outcrop Gold stock have on its future price. Outcrop 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, Outcrop Gold autocorrelation shows the relationship between Outcrop Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Outcrop Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Outcrop Stock Analysis
When running Outcrop Gold's price analysis, check to measure Outcrop 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 Outcrop Gold is operating at the current time. Most of Outcrop Gold's value examination focuses on studying past and present price action to predict the probability of Outcrop 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 Outcrop Gold's price. Additionally, you may evaluate how the addition of Outcrop Gold to your portfolios can decrease your overall portfolio volatility.