Soma Gold Corp Stock Market Value
| SMAGF Stock | USD 0.42 0.00 0.00% |
| Symbol | Soma |
Soma 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 Soma 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 Soma Gold.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Soma Gold on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Soma Gold Corp or generate 0.0% return on investment in Soma Gold over 30 days. Soma Gold is related to or competes with Grande Portage. Soma Gold Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral propert... More
Soma 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 Soma 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 Soma Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.14 | |||
| Information Ratio | 0.0802 | |||
| Maximum Drawdown | 21.6 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 7.89 |
Soma Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soma Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soma Gold's standard deviation. In reality, there are many statistical measures that can use Soma Gold historical prices to predict the future Soma Gold's volatility.| Risk Adjusted Performance | 0.0934 | |||
| Jensen Alpha | 0.4797 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0765 | |||
| Treynor Ratio | (1.02) |
Soma Gold Corp Backtested Returns
Soma Gold appears to be out of control, given 3 months investment horizon. Soma Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Soma Gold's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Soma Gold's Semi Deviation of 2.42, risk adjusted performance of 0.0934, and Coefficient Of Variation of 895.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Soma Gold holds a performance score of 11. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Soma Gold are expected to decrease at a much lower rate. During the bear market, Soma Gold is likely to outperform the market. Please check Soma Gold's sortino ratio, semi variance, day median price, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Soma Gold's existing price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Soma Gold Corp has average predictability. Overlapping area represents the amount of predictability between Soma Gold time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Soma Gold Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Soma Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Soma Gold Corp lagged returns against current returns
Autocorrelation, which is Soma 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 Soma Gold's otc stock expected returns. We can calculate the autocorrelation of Soma Gold returns to help us make a trade decision. For example, suppose you find that Soma 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 |
Soma 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 Soma Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soma 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 Soma Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Soma Gold Lagged Returns
When evaluating Soma Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soma Gold otc stock have on its future price. Soma 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, Soma Gold autocorrelation shows the relationship between Soma Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Soma Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Soma OTC Stock
Soma Gold financial ratios help investors to determine whether Soma 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 Soma with respect to the benefits of owning Soma Gold security.