Snowline Gold Corp Stock Market Value
| SGD Stock | 5.19 0.02 0.38% |
| Symbol | Snowline |
Snowline Gold Corp Price To Book Ratio
Snowline 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 Snowline 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 Snowline Gold.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Snowline Gold on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Snowline Gold Corp or generate 0.0% return on investment in Snowline Gold over 30 days. Snowline Gold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Simba Gold Corporation is engaged in the acquisition, exploration, and development of mineral resource properties in Africa. More
Snowline 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 Snowline 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 Snowline Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 5.27 |
Snowline Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snowline Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snowline Gold's standard deviation. In reality, there are many statistical measures that can use Snowline Gold historical prices to predict the future Snowline Gold's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 1.5 |
Snowline Gold Corp Backtested Returns
Snowline Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0029, which indicates the firm had a -0.0029% return per unit of risk over the last 3 months. Snowline Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snowline Gold's insignificant Risk Adjusted Performance, variance of 5.84, and Coefficient Of Variation of (9,367) to confirm the risk estimate we provide. The entity has a beta of -0.0238, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Snowline Gold are expected to decrease at a much lower rate. During the bear market, Snowline Gold is likely to outperform the market. At this point, Snowline Gold Corp has a negative expected return of -0.0072%. Please make sure to validate Snowline Gold's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Snowline Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Snowline Gold Corp has good predictability. Overlapping area represents the amount of predictability between Snowline Gold time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Snowline Gold Corp price movement. The serial correlation of 0.67 indicates that around 67.0% of current Snowline Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Snowline Gold Corp lagged returns against current returns
Autocorrelation, which is Snowline 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 Snowline Gold's stock expected returns. We can calculate the autocorrelation of Snowline Gold returns to help us make a trade decision. For example, suppose you find that Snowline 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 |
Snowline 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 Snowline Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snowline Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snowline Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Snowline Gold Lagged Returns
When evaluating Snowline Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snowline Gold stock have on its future price. Snowline 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, Snowline Gold autocorrelation shows the relationship between Snowline Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Snowline Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Snowline Stock Analysis
When running Snowline Gold's price analysis, check to measure Snowline 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 Snowline Gold is operating at the current time. Most of Snowline Gold's value examination focuses on studying past and present price action to predict the probability of Snowline 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 Snowline Gold's price. Additionally, you may evaluate how the addition of Snowline Gold to your portfolios can decrease your overall portfolio volatility.