St Augustine Gold Stock Market Value
| SAU Stock | CAD 0.09 0.01 6.25% |
| Symbol | SAU |
St Augustine Gold Price To Book Ratio
St Augustine '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 St Augustine'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 St Augustine.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in St Augustine on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding St Augustine Gold or generate 0.0% return on investment in St Augustine over 720 days. Augustine Gold and Copper Limited, a mineral exploration company, engages in the acquisition, exploration, and evaluatio... More
St Augustine 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 St Augustine'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 St Augustine Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0376 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 12.5 |
St Augustine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for St Augustine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as St Augustine's standard deviation. In reality, there are many statistical measures that can use St Augustine historical prices to predict the future St Augustine's volatility.| Risk Adjusted Performance | 0.0599 | |||
| Jensen Alpha | 0.136 | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.2312 |
St Augustine Gold Backtested Returns
St Augustine appears to be out of control, given 3 months investment horizon. St Augustine Gold retains Efficiency (Sharpe Ratio) of 0.0992, which indicates the firm had a 0.0992% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for St Augustine, which you can use to evaluate the volatility of the company. Please review St Augustine's Risk Adjusted Performance of 0.0599, standard deviation of 4.35, and Mean Deviation of 1.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, St Augustine holds a performance score of 7. The entity owns a Beta (Systematic Risk) of 1.23, which indicates 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, St Augustine will likely underperform. Please check St Augustine's standard deviation and the relationship between the treynor ratio and day typical price , to make a quick decision on whether St Augustine's current price history will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
St Augustine Gold has modest reverse predictability. Overlapping area represents the amount of predictability between St Augustine time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 St Augustine Gold price movement. The serial correlation of -0.46 indicates that about 46.0% of current St Augustine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
St Augustine Gold lagged returns against current returns
Autocorrelation, which is St Augustine 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 St Augustine's stock expected returns. We can calculate the autocorrelation of St Augustine returns to help us make a trade decision. For example, suppose you find that St Augustine 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 |
St Augustine 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 St Augustine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if St Augustine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in St Augustine stock over time.
Current vs Lagged Prices |
| Timeline |
St Augustine Lagged Returns
When evaluating St Augustine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of St Augustine stock have on its future price. St Augustine 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, St Augustine autocorrelation shows the relationship between St Augustine stock current value and its past values and can show if there is a momentum factor associated with investing in St Augustine Gold.
Regressed Prices |
| Timeline |
Pair Trading with St Augustine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if St Augustine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in St Augustine will appreciate offsetting losses from the drop in the long position's value.Moving together with SAU Stock
Moving against SAU Stock
| 0.44 | INFM | Infinico Metals Corp | PairCorr |
| 0.38 | PNC-B | Postmedia Network Canada | PairCorr |
| 0.37 | CG | Centerra Gold | PairCorr |
| 0.33 | ORE | Orezone Gold Corp | PairCorr |
The ability to find closely correlated positions to St Augustine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace St Augustine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back St Augustine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling St Augustine Gold to buy it.
The correlation of St Augustine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as St Augustine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if St Augustine Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for St Augustine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in SAU Stock
St Augustine financial ratios help investors to determine whether SAU Stock 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 SAU with respect to the benefits of owning St Augustine security.