Soma Gold Corp Stock Market Value
| SOMA Stock | CAD 0.54 0.03 5.88% |
| Symbol | Soma |
Soma Gold Corp Price To Book Ratio
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 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.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Soma Gold on November 20, 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 Revival Gold, Outcrop Gold, and Scottie Resources. Soma Gold Corp., a junior gold mining company, engages in the acquisition, exploration, and development of mineral prope... 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 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 | 3.74 | |||
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 6.67 |
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 | 0.0284 | |||
| Jensen Alpha | 0.0779 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.016 | |||
| Treynor Ratio | 0.3684 |
Soma Gold Corp Backtested Returns
At this stage we consider Soma Stock to be abnormally volatile. Soma Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0262, which indicates the firm had a 0.0262% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Soma Gold Corp, which you can use to evaluate the volatility of the company. Please validate Soma Gold's Risk Adjusted Performance of 0.0284, coefficient of variation of 3861.4, and Semi Deviation of 3.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.0955%. Soma Gold has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Soma Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Soma Gold is expected to be smaller as well. Soma Gold Corp right now has a risk of 3.64%. Please validate Soma Gold sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Soma Gold will be following its existing price patterns.
Auto-correlation | 0.27 |
Poor predictability
Soma Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Soma Gold time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 0.27 indicates that nearly 27.0% of current Soma Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Soma Gold Corp lagged returns against current returns
Autocorrelation, which is Soma 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 Soma Gold's 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soma Gold 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 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 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 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 |
Thematic Opportunities
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Additional Tools for Soma Stock Analysis
When running Soma Gold's price analysis, check to measure Soma 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 Soma Gold is operating at the current time. Most of Soma Gold's value examination focuses on studying past and present price action to predict the probability of Soma 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 Soma Gold's price. Additionally, you may evaluate how the addition of Soma Gold to your portfolios can decrease your overall portfolio volatility.