Strikepoint Gold Stock Market Value
| SKP Stock | CAD 0.24 0.01 4.35% |
| Symbol | Strikepoint |
Strikepoint Gold Price To Book Ratio
Strikepoint 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 Strikepoint 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 Strikepoint Gold.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Strikepoint Gold on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Strikepoint Gold or generate 0.0% return on investment in Strikepoint Gold over 180 days. Strikepoint Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. StrikePoint Gold Inc., an exploration-stage company, engages in the acquisition, exploration, and development of mineral... More
Strikepoint 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 Strikepoint 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 Strikepoint Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.33 | |||
| Information Ratio | 0.0536 | |||
| Maximum Drawdown | 90.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 24.0 |
Strikepoint Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strikepoint Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strikepoint Gold's standard deviation. In reality, there are many statistical measures that can use Strikepoint Gold historical prices to predict the future Strikepoint Gold's volatility.| Risk Adjusted Performance | 0.0575 | |||
| Jensen Alpha | 0.6227 | |||
| Total Risk Alpha | (1.39) | |||
| Sortino Ratio | 0.0403 | |||
| Treynor Ratio | 0.3922 |
Strikepoint Gold Backtested Returns
Strikepoint Gold is out of control given 3 months investment horizon. Strikepoint Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0824, which indicates the firm had a 0.0824% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Strikepoint Gold Risk Adjusted Performance of 0.0575, semi deviation of 9.91, and Coefficient Of Variation of 1598.13 to evaluate company specific risk that cannot be diversified away. Strikepoint Gold holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of 2.29, 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, Strikepoint Gold will likely underperform. Use Strikepoint Gold value at risk and the relationship between the expected short fall and period momentum indicator , to analyze future returns on Strikepoint Gold.
Auto-correlation | -0.3 |
Weak reverse predictability
Strikepoint Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Strikepoint Gold time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Strikepoint Gold price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Strikepoint Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Strikepoint Gold lagged returns against current returns
Autocorrelation, which is Strikepoint 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 Strikepoint Gold's stock expected returns. We can calculate the autocorrelation of Strikepoint Gold returns to help us make a trade decision. For example, suppose you find that Strikepoint 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 |
Strikepoint 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 Strikepoint Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strikepoint Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strikepoint Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Strikepoint Gold Lagged Returns
When evaluating Strikepoint Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strikepoint Gold stock have on its future price. Strikepoint 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, Strikepoint Gold autocorrelation shows the relationship between Strikepoint Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Strikepoint Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Strikepoint Stock Analysis
When running Strikepoint Gold's price analysis, check to measure Strikepoint 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 Strikepoint Gold is operating at the current time. Most of Strikepoint Gold's value examination focuses on studying past and present price action to predict the probability of Strikepoint 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 Strikepoint Gold's price. Additionally, you may evaluate how the addition of Strikepoint Gold to your portfolios can decrease your overall portfolio volatility.