South American Gold Stock Market Value
South American's market value is the price at which a share of South American trades on a public exchange. It measures the collective expectations of South American Gold investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of South American Gold and determine expected loss or profit from investing in South American over a given investment horizon. Check out South American Correlation, South American Volatility and South American Alpha and Beta module to complement your research on South American.
| Symbol | South |
South American '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 South American'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 South American.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in South American on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding South American Gold or generate 0.0% return on investment in South American over 360 days. South American is related to or competes with Pacira BioSciences,, Collegium Pharmaceutical, Prestige Brand, Phibro Animal, HUTCHMED DRC, Ironwood Pharmaceuticals, and Assertio Therapeutics. South American Gold Corp. focuses on acquiring and operating cannabis and tech assets More
South American 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 South American'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 South American Gold upside and downside potential and time the market with a certain degree of confidence.
South American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South American's standard deviation. In reality, there are many statistical measures that can use South American historical prices to predict the future South American's volatility.South American Gold Backtested Returns
We have found zero technical indicators for South American Gold, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and South American are completely uncorrelated.
Auto-correlation | 0.09 |
Virtually no predictability
South American Gold has virtually no predictability. Overlapping area represents the amount of predictability between South American time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 South American Gold price movement. The serial correlation of 0.09 indicates that less than 9.0% of current South American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
South American Gold lagged returns against current returns
Autocorrelation, which is South American 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 South American's pink sheet expected returns. We can calculate the autocorrelation of South American returns to help us make a trade decision. For example, suppose you find that South American 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 |
South American 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 South American pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South American pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South American pink sheet over time.
Current vs Lagged Prices |
| Timeline |
South American Lagged Returns
When evaluating South American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South American pink sheet have on its future price. South American 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, South American autocorrelation shows the relationship between South American pink sheet current value and its past values and can show if there is a momentum factor associated with investing in South American Gold.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in South Pink Sheet
South American financial ratios help investors to determine whether South 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 South with respect to the benefits of owning South American security.