Sonoro Gold Corp Stock Market Value
| SGO Stock | CAD 0.10 0.01 5.26% |
| Symbol | Sonoro |
Sonoro 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 Sonoro 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 Sonoro Gold.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sonoro Gold on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sonoro Gold Corp or generate 0.0% return on investment in Sonoro Gold over 30 days. Sonoro Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Sonoro Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral pro... More
Sonoro 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 Sonoro 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 Sonoro Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.93 | |||
| Information Ratio | 0.137 | |||
| Maximum Drawdown | 31.43 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 16.67 |
Sonoro Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonoro Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonoro Gold's standard deviation. In reality, there are many statistical measures that can use Sonoro Gold historical prices to predict the future Sonoro Gold's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 1.48 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1339 | |||
| Treynor Ratio | (0.48) |
Sonoro Gold Corp Backtested Returns
Sonoro Gold is out of control given 3 months investment horizon. Sonoro Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Sonoro Gold Corp Risk Adjusted Performance of 0.127, coefficient of variation of 649.81, and Semi Deviation of 4.69 to evaluate company specific risk that cannot be diversified away. Sonoro Gold holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of -2.46, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sonoro Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Sonoro Gold is expected to outperform it. Use Sonoro Gold Corp maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to analyze future returns on Sonoro Gold Corp.
Auto-correlation | -0.85 |
Excellent reverse predictability
Sonoro Gold Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Sonoro 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 Sonoro Gold Corp price movement. The serial correlation of -0.85 indicates that around 85.0% of current Sonoro Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sonoro Gold Corp lagged returns against current returns
Autocorrelation, which is Sonoro 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 Sonoro Gold's stock expected returns. We can calculate the autocorrelation of Sonoro Gold returns to help us make a trade decision. For example, suppose you find that Sonoro 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 |
Sonoro 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 Sonoro Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonoro Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonoro Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Sonoro Gold Lagged Returns
When evaluating Sonoro Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonoro Gold stock have on its future price. Sonoro 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, Sonoro Gold autocorrelation shows the relationship between Sonoro Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Sonoro Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sonoro Stock Analysis
When running Sonoro Gold's price analysis, check to measure Sonoro 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 Sonoro Gold is operating at the current time. Most of Sonoro Gold's value examination focuses on studying past and present price action to predict the probability of Sonoro 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 Sonoro Gold's price. Additionally, you may evaluate how the addition of Sonoro Gold to your portfolios can decrease your overall portfolio volatility.