Sitka Gold Corp Stock Market Value
| SITKF Stock | USD 0.25 0.02 8.70% |
| Symbol | Sitka |
Sitka 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 Sitka Gold's otc 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 Sitka Gold.
| 08/01/2023 |
| 11/23/2024 |
If you would invest 0.00 in Sitka Gold on August 1, 2023 and sell it all today you would earn a total of 0.00 from holding Sitka Gold Corp or generate 0.0% return on investment in Sitka Gold over 480 days. Sitka Gold is related to or competes with Aurion Resources, Minera Alamos, Rio2, Norsemont Mining, Grande Portage, and White Gold. Sitka Gold Corp. engages in the exploration of mineral resource properties in Canada and the United States More
Sitka 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 Sitka Gold's otc 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 Sitka Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.0 | |||
| Information Ratio | 0.1324 | |||
| Maximum Drawdown | 32.64 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 14.29 |
Sitka Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sitka Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sitka Gold's standard deviation. In reality, there are many statistical measures that can use Sitka Gold historical prices to predict the future Sitka Gold's volatility.| Risk Adjusted Performance | 0.1219 | |||
| Jensen Alpha | 0.9732 | |||
| Total Risk Alpha | 0.1135 | |||
| Sortino Ratio | 0.1322 | |||
| Treynor Ratio | 1.99 |
Sitka Gold Corp Backtested Returns
Sitka Gold appears to be out of control, given 3 months investment horizon. Sitka Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Sitka Gold's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please review Sitka Gold's Risk Adjusted Performance of 0.1219, semi deviation of 4.96, and Coefficient Of Variation of 675.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sitka Gold holds a performance score of 10. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sitka Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sitka Gold is expected to be smaller as well. Please check Sitka Gold's potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Sitka Gold's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Sitka Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Sitka Gold time series from 1st of August 2023 to 28th of March 2024 and 28th of March 2024 to 23rd 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 Sitka Gold Corp price movement. The serial correlation of 0.18 indicates that over 18.0% of current Sitka Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sitka Gold Corp lagged returns against current returns
Autocorrelation, which is Sitka Gold otc 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 Sitka Gold's otc stock expected returns. We can calculate the autocorrelation of Sitka Gold returns to help us make a trade decision. For example, suppose you find that Sitka Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Sitka 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 Sitka Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sitka Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sitka Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sitka Gold Lagged Returns
When evaluating Sitka Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sitka Gold otc stock have on its future price. Sitka 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, Sitka Gold autocorrelation shows the relationship between Sitka Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sitka Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sitka OTC Stock
Sitka Gold financial ratios help investors to determine whether Sitka OTC 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 Sitka with respect to the benefits of owning Sitka Gold security.