Signal Gold Stock Market Value
| SGNL Stock | 0.07 0.01 7.14% |
| Symbol | Signal |
Signal Gold Price To Book Ratio
Signal 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 Signal 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 Signal Gold.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Signal Gold on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Signal Gold or generate 0.0% return on investment in Signal Gold over 30 days. Signal Gold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Signal Gold is entity of Canada. It is traded as Stock on TO exchange. More
Signal 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 Signal 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 Signal Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 6.25 |
Signal Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signal Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signal Gold's standard deviation. In reality, there are many statistical measures that can use Signal Gold historical prices to predict the future Signal Gold's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 0.4269 |
Signal Gold Backtested Returns
Signal Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.051, which indicates the firm had a -0.051% return per unit of risk over the last 3 months. Signal Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Signal Gold's Coefficient Of Variation of (1,535), variance of 25.93, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Signal Gold are expected to decrease at a much lower rate. During the bear market, Signal Gold is likely to outperform the market. At this point, Signal Gold has a negative expected return of -0.26%. Please make sure to validate Signal Gold's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Signal Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Signal Gold has modest predictability. Overlapping area represents the amount of predictability between Signal Gold time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Signal Gold price movement. The serial correlation of 0.51 indicates that about 51.0% of current Signal Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Signal Gold lagged returns against current returns
Autocorrelation, which is Signal 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 Signal Gold's stock expected returns. We can calculate the autocorrelation of Signal Gold returns to help us make a trade decision. For example, suppose you find that Signal 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 |
Signal 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 Signal Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signal Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signal Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Signal Gold Lagged Returns
When evaluating Signal Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signal Gold stock have on its future price. Signal 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, Signal Gold autocorrelation shows the relationship between Signal Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Signal Gold.
Regressed Prices |
| Timeline |
Pair Trading with Signal Gold
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 Signal Gold 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 Signal Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Signal Stock
Moving against Signal Stock
| 0.56 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.56 | WMT | Walmart Inc CDR | PairCorr |
| 0.55 | TSLA | Tesla Inc CDR | PairCorr |
| 0.41 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Signal Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Signal Gold 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 Signal Gold - 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 Signal Gold to buy it.
The correlation of Signal Gold 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 Signal Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Signal 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 Signal Gold 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 Signal Stock
Signal Gold financial ratios help investors to determine whether Signal 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 Signal with respect to the benefits of owning Signal Gold security.