Q Gold Resources Stock Market Value
| QGR Stock | CAD 0.16 0.01 5.88% |
| Symbol | QGR |
Q 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 Q 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 Q Gold.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Q Gold on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Q Gold Resources or generate 0.0% return on investment in Q Gold over 360 days. Q Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Q-Gold Resources Ltd. engages in the exploration and development of mineral properties in Canada and the United States More
Q 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 Q 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 Q Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.28 | |||
| Information Ratio | 0.1264 | |||
| Maximum Drawdown | 40.72 | |||
| Value At Risk | (15.79) | |||
| Potential Upside | 18.75 |
Q Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Q Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Q Gold's standard deviation. In reality, there are many statistical measures that can use Q Gold historical prices to predict the future Q Gold's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1035 | |||
| Treynor Ratio | (1.30) |
Q Gold Resources Backtested Returns
Q Gold is out of control given 3 months investment horizon. Q Gold Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the company had a 0.15% return per unit of volatility over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Q Gold coefficient of variation of 711.69, and Market Risk Adjusted Performance of (1.29) to evaluate company specific risk that cannot be diversified away. Q Gold holds a performance score of 11 on a scale of zero to a hundred. The firm holds a Beta of -0.99, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Q Gold are expected to decrease slowly. On the other hand, during market turmoil, Q Gold is expected to outperform it slightly. Use Q Gold total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Q Gold.
Auto-correlation | 0.24 |
Weak predictability
Q Gold Resources has weak predictability. Overlapping area represents the amount of predictability between Q Gold time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Q Gold Resources price movement. The serial correlation of 0.24 indicates that over 24.0% of current Q Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Q Gold Resources lagged returns against current returns
Autocorrelation, which is Q 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 Q Gold's stock expected returns. We can calculate the autocorrelation of Q Gold returns to help us make a trade decision. For example, suppose you find that Q 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 |
Q 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 Q Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Q Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Q Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Q Gold Lagged Returns
When evaluating Q Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Q Gold stock have on its future price. Q 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, Q Gold autocorrelation shows the relationship between Q Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Q Gold Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for QGR Stock Analysis
When running Q Gold's price analysis, check to measure Q 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 Q Gold is operating at the current time. Most of Q Gold's value examination focuses on studying past and present price action to predict the probability of Q 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 Q Gold's price. Additionally, you may evaluate how the addition of Q Gold to your portfolios can decrease your overall portfolio volatility.