Snowline Gold's market value is the price at which a share of Snowline Gold trades on a public exchange. It measures the collective expectations of Snowline Gold Corp investors about its performance. Snowline Gold is trading at 3.67 as of the 1st of February 2025. This is a 3.93% down since the beginning of the trading day. The stock's lowest day price was 3.67. With this module, you can estimate the performance of a buy and hold strategy of Snowline Gold Corp and determine expected loss or profit from investing in Snowline Gold over a given investment horizon. Check out Snowline Gold Correlation, Snowline Gold Volatility and Snowline Gold Alpha and Beta module to complement your research on Snowline Gold.
Please note, there is a significant difference between Snowline Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snowline Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snowline Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Snowline 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 Snowline 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 Snowline Gold.
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02/07/2024
No Change 0.00
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In 11 months and 27 days
02/01/2025
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If you would invest 0.00 in Snowline Gold on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Snowline Gold Corp or generate 0.0% return on investment in Snowline Gold over 360 days. Snowline Gold is related to or competes with Heliostar Metals, Independence Gold, Cabral Gold, Revival Gold, Cassiar Gold, Aurion Resources, and Irving Resources. Snowline Gold Corp. engages in the exploration of gold properties in Canada More
Snowline 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 Snowline 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 Snowline Gold Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snowline Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snowline Gold's standard deviation. In reality, there are many statistical measures that can use Snowline Gold historical prices to predict the future Snowline Gold's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Snowline Gold. Your research has to be compared to or analyzed against Snowline Gold's peers to derive any actionable benefits. When done correctly, Snowline Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Snowline Gold Corp.
Snowline Gold Corp Backtested Returns
Snowline Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0566, which indicates the firm had a -0.0566 % return per unit of risk over the last 3 months. Snowline Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snowline Gold's Risk Adjusted Performance of (0.06), variance of 5.76, and Coefficient Of Variation of (1,240) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Snowline Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Snowline Gold is expected to be smaller as well. At this point, Snowline Gold Corp has a negative expected return of -0.14%. Please make sure to validate Snowline Gold's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Snowline Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.25
Poor predictability
Snowline Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Snowline Gold time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Snowline Gold Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Snowline Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
0.25
Spearman Rank Test
-0.08
Residual Average
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Price Variance
0.09
Snowline Gold Corp lagged returns against current returns
Autocorrelation, which is Snowline 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 Snowline Gold's otc stock expected returns. We can calculate the autocorrelation of Snowline Gold returns to help us make a trade decision. For example, suppose you find that Snowline 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
Snowline 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 Snowline Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snowline 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 Snowline Gold otc stock over time.
Current vs Lagged Prices
Timeline
Snowline Gold Lagged Returns
When evaluating Snowline Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snowline Gold otc stock have on its future price. Snowline 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, Snowline Gold autocorrelation shows the relationship between Snowline Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Snowline Gold Corp.
Other Information on Investing in Snowline OTC Stock
Snowline Gold financial ratios help investors to determine whether Snowline 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 Snowline with respect to the benefits of owning Snowline Gold security.