Providence Gold Mines Stock Market Value
| PRRVF Stock | USD 0.04 0 5.37% |
| Symbol | Providence |
Providence 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 Providence 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 Providence Gold.
| 11/14/2024 |
| 01/08/2026 |
If you would invest 0.00 in Providence Gold on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Providence Gold Mines or generate 0.0% return on investment in Providence Gold over 420 days. Providence Gold is related to or competes with Nine Mile, and Ready Set. Providence Gold Mines Inc., an exploration stage company, engages in the exploration and evaluation of mineral propertie... More
Providence 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 Providence 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 Providence Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.67 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 78.65 | |||
| Value At Risk | (28.46) | |||
| Potential Upside | 30.65 |
Providence Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Providence Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Providence Gold's standard deviation. In reality, there are many statistical measures that can use Providence Gold historical prices to predict the future Providence Gold's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.9084 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0325 | |||
| Treynor Ratio | 0.7218 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Providence 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.
Providence Gold Mines Backtested Returns
Providence Gold is out of control given 3 months investment horizon. Providence Gold Mines maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.58% are justified by taking the suggested risk. Use Providence Gold Semi Deviation of 9.33, coefficient of variation of 1432.45, and Risk Adjusted Performance of 0.0612 to evaluate company specific risk that cannot be diversified away. Providence Gold holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 1.38, which implies 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, Providence Gold will likely underperform. Use Providence Gold value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Providence Gold.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Providence Gold Mines has insignificant reverse predictability. Overlapping area represents the amount of predictability between Providence Gold time series from 14th of November 2024 to 12th of June 2025 and 12th of June 2025 to 8th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Providence Gold Mines price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Providence Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Providence Gold Mines lagged returns against current returns
Autocorrelation, which is Providence 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 Providence Gold's pink sheet expected returns. We can calculate the autocorrelation of Providence Gold returns to help us make a trade decision. For example, suppose you find that Providence 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 |
Providence 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 Providence Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Providence 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 Providence Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Providence Gold Lagged Returns
When evaluating Providence Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Providence Gold pink sheet have on its future price. Providence 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, Providence Gold autocorrelation shows the relationship between Providence Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Providence Gold Mines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Providence Pink Sheet
Providence Gold financial ratios help investors to determine whether Providence 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 Providence with respect to the benefits of owning Providence Gold security.