Patagonia Gold Corp Stock Market Value
| PGDC Stock | CAD 0.04 0.00 0.00% |
| Symbol | Patagonia |
Patagonia Gold Corp Price To Book Ratio
Patagonia 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 Patagonia 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 Patagonia Gold.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Patagonia Gold on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Patagonia Gold Corp or generate 0.0% return on investment in Patagonia Gold over 300 days. Patagonia Gold is related to or competes with Awale Resources. Patagonia Gold Corp., a mining and exploration company, engages in the exploration, exploitation, and development of gol... More
Patagonia 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 Patagonia 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 Patagonia Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.39 | |||
| Information Ratio | 0.1299 | |||
| Maximum Drawdown | 75.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Patagonia Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patagonia Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patagonia Gold's standard deviation. In reality, there are many statistical measures that can use Patagonia Gold historical prices to predict the future Patagonia Gold's volatility.| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 2.11 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.069 | |||
| Treynor Ratio | (2.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patagonia 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.
Patagonia Gold Corp Backtested Returns
Patagonia Gold is out of control given 3 months investment horizon. Patagonia Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We were able to break down twenty-five different technical indicators, which can help you to evaluate if expected returns of 2.15% are justified by taking the suggested risk. Use Patagonia Gold Risk Adjusted Performance of 0.1156, coefficient of variation of 720.17, and Semi Deviation of 7.98 to evaluate company specific risk that cannot be diversified away. Patagonia Gold holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of -0.87, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Patagonia Gold are expected to decrease slowly. On the other hand, during market turmoil, Patagonia Gold is expected to outperform it slightly. Use Patagonia Gold treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Patagonia Gold.
Auto-correlation | -0.02 |
Very weak reverse predictability
Patagonia Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Patagonia Gold time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Patagonia Gold Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Patagonia Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Patagonia Gold Corp lagged returns against current returns
Autocorrelation, which is Patagonia 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 Patagonia Gold's stock expected returns. We can calculate the autocorrelation of Patagonia Gold returns to help us make a trade decision. For example, suppose you find that Patagonia 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 |
Patagonia 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 Patagonia Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patagonia Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patagonia Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Patagonia Gold Lagged Returns
When evaluating Patagonia Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patagonia Gold stock have on its future price. Patagonia 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, Patagonia Gold autocorrelation shows the relationship between Patagonia Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Patagonia Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Patagonia Stock Analysis
When running Patagonia Gold's price analysis, check to measure Patagonia 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 Patagonia Gold is operating at the current time. Most of Patagonia Gold's value examination focuses on studying past and present price action to predict the probability of Patagonia 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 Patagonia Gold's price. Additionally, you may evaluate how the addition of Patagonia Gold to your portfolios can decrease your overall portfolio volatility.