Precipitate Gold Corp Stock Market Value
| PRG Stock | CAD 0.07 0.01 7.14% |
| Symbol | Precipitate |
Precipitate Gold Corp Price To Book Ratio
Precipitate 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 Precipitate 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 Precipitate Gold.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Precipitate Gold on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Precipitate Gold Corp or generate 0.0% return on investment in Precipitate Gold over 720 days. Precipitate Gold is related to or competes with Scottie Resources, and Rackla Metals. Precipitate Gold Corp. acquires, explores for, and develops mineral resource properties in Canada and the Dominican Repu... More
Precipitate 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 Precipitate 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 Precipitate Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.14 | |||
| Information Ratio | 0.0158 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Precipitate Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precipitate Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precipitate Gold's standard deviation. In reality, there are many statistical measures that can use Precipitate Gold historical prices to predict the future Precipitate Gold's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.6297 | |||
| Total Risk Alpha | (1.13) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | (0.09) |
Precipitate Gold Corp Backtested Returns
Precipitate Gold appears to be out of control, given 3 months investment horizon. Precipitate Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0315, which implies the firm had a 0.0315% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Precipitate Gold Corp, which you can use to evaluate the volatility of the company. Please evaluate Precipitate Gold's Semi Deviation of 6.36, risk adjusted performance of 0.0326, and Coefficient Of Variation of 3275.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Precipitate Gold holds a performance score of 2. The company holds a Beta of -3.06, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Precipitate Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Precipitate Gold is expected to outperform it. Please check Precipitate Gold's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Precipitate Gold's historical price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Precipitate Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Precipitate Gold time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Precipitate Gold Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Precipitate Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Precipitate Gold Corp lagged returns against current returns
Autocorrelation, which is Precipitate 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 Precipitate Gold's stock expected returns. We can calculate the autocorrelation of Precipitate Gold returns to help us make a trade decision. For example, suppose you find that Precipitate 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 |
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Precipitate 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 Precipitate Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precipitate Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precipitate Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Precipitate Gold Lagged Returns
When evaluating Precipitate Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precipitate Gold stock have on its future price. Precipitate 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, Precipitate Gold autocorrelation shows the relationship between Precipitate Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Precipitate Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Precipitate Stock Analysis
When running Precipitate Gold's price analysis, check to measure Precipitate 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 Precipitate Gold is operating at the current time. Most of Precipitate Gold's value examination focuses on studying past and present price action to predict the probability of Precipitate 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 Precipitate Gold's price. Additionally, you may evaluate how the addition of Precipitate Gold to your portfolios can decrease your overall portfolio volatility.