Prosper Gold Corp Stock Market Value
| PGX Stock | CAD 0.1 0.01 5.00% |
| Symbol | Prosper |
Prosper 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 Prosper 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 Prosper Gold.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Prosper Gold on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Prosper Gold Corp or generate 0.0% return on investment in Prosper Gold over 420 days. Prosper Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Prosper Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Prosper 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 Prosper 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 Prosper Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.98 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.69 |
Prosper Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosper Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosper Gold's standard deviation. In reality, there are many statistical measures that can use Prosper Gold historical prices to predict the future Prosper Gold's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (8.25) |
Prosper Gold Corp Backtested Returns
Prosper Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Prosper Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prosper Gold's Coefficient Of Variation of (850.82), risk adjusted performance of (0.08), and Variance of 17.83 to confirm the risk estimate we provide. The company holds a Beta of 0.0614, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prosper Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prosper Gold is expected to be smaller as well. At this point, Prosper Gold Corp has a negative expected return of -0.52%. Please make sure to check Prosper Gold's skewness, as well as the relationship between the day median price and relative strength index , to decide if Prosper Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Prosper Gold Corp has good predictability. Overlapping area represents the amount of predictability between Prosper Gold time series from 4th of October 2023 to 1st of May 2024 and 1st 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 Prosper Gold Corp price movement. The serial correlation of 0.7 indicates that around 70.0% of current Prosper Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prosper Gold Corp lagged returns against current returns
Autocorrelation, which is Prosper 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 Prosper Gold's stock expected returns. We can calculate the autocorrelation of Prosper Gold returns to help us make a trade decision. For example, suppose you find that Prosper 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 |
Prosper 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 Prosper Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosper Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosper Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Prosper Gold Lagged Returns
When evaluating Prosper Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosper Gold stock have on its future price. Prosper 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, Prosper Gold autocorrelation shows the relationship between Prosper Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Prosper Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Prosper Stock Analysis
When running Prosper Gold's price analysis, check to measure Prosper 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 Prosper Gold is operating at the current time. Most of Prosper Gold's value examination focuses on studying past and present price action to predict the probability of Prosper 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 Prosper Gold's price. Additionally, you may evaluate how the addition of Prosper Gold to your portfolios can decrease your overall portfolio volatility.