Sonoro Gold Corp Stock Market Value
| SMOFF Stock | USD 0.06 0 6.51% |
| 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 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 Sonoro Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sonoro Gold on October 31, 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 Endeavour Silver, Metalla Royalty, New Pacific, Hecla Mining, and Gatos Silver. 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 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 Sonoro Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.56 | |||
| Information Ratio | 0.1027 | |||
| Maximum Drawdown | 46.5 | |||
| Value At Risk | (11.60) | |||
| Potential Upside | 16.47 |
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 | 0.0992 | |||
| Jensen Alpha | 0.9415 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.1095 | |||
| Treynor Ratio | 1.11 |
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 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Sonoro Gold Corp Semi Deviation of 6.25, coefficient of variation of 849.31, and Risk Adjusted Performance of 0.0992 to evaluate company specific risk that cannot be diversified away. Sonoro Gold holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.96, which indicates possible diversification benefits within a given portfolio. Sonoro Gold returns are very sensitive to returns on the market. As the market goes up or down, Sonoro Gold is expected to follow. 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 | -0.34 |
Poor reverse predictability
Sonoro Gold Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Sonoro Gold time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 -0.34 indicates that nearly 34.0% of current Sonoro Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sonoro Gold Corp lagged returns against current returns
Autocorrelation, which is Sonoro 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 Sonoro Gold's otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonoro 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 Sonoro Gold otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Sonoro OTC Stock
Sonoro Gold financial ratios help investors to determine whether Sonoro 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 Sonoro with respect to the benefits of owning Sonoro Gold security.