Steppe Gold Stock Market Value

STPGF Stock  USD 0.45  0.02  4.65%   
Steppe Gold's market value is the price at which a share of Steppe Gold trades on a public exchange. It measures the collective expectations of Steppe Gold investors about its performance. Steppe Gold is trading at 0.45 as of the 30th of November 2024. This is a 4.65 percent increase since the beginning of the trading day. The stock's lowest day price was 0.45.
With this module, you can estimate the performance of a buy and hold strategy of Steppe Gold and determine expected loss or profit from investing in Steppe Gold over a given investment horizon. Check out Steppe Gold Correlation, Steppe Gold Volatility and Steppe Gold Alpha and Beta module to complement your research on Steppe Gold.
Symbol

Please note, there is a significant difference between Steppe Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steppe Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steppe 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.

Steppe 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 Steppe 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 Steppe Gold.
0.00
10/31/2024
No Change 0.00  0.0 
In 31 days
11/30/2024
0.00
If you would invest  0.00  in Steppe Gold on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Steppe Gold or generate 0.0% return on investment in Steppe Gold over 30 days. Steppe Gold is related to or competes with Caledonia Mining, Fortuna Silver, Sandstorm Gold, Cerrado Gold, Aurion Resources, Rupert Resources, and Gold Bull. Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia More

Steppe 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 Steppe 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 Steppe Gold upside and downside potential and time the market with a certain degree of confidence.

Steppe Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Steppe Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steppe Gold's standard deviation. In reality, there are many statistical measures that can use Steppe Gold historical prices to predict the future Steppe Gold's volatility.
Hype
Prediction
LowEstimatedHigh
0.020.454.24
Details
Intrinsic
Valuation
LowRealHigh
0.020.414.20
Details
Naive
Forecast
LowNextHigh
0.010.464.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.420.450.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Steppe Gold. Your research has to be compared to or analyzed against Steppe Gold's peers to derive any actionable benefits. When done correctly, Steppe 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 Steppe Gold.

Steppe Gold Backtested Returns

At this point, Steppe Gold is out of control. Steppe Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0093, which indicates the firm had a 0.0093% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steppe Gold, which you can use to evaluate the volatility of the company. Please validate Steppe Gold's Coefficient Of Variation of 10852.71, risk adjusted performance of 0.015, and Semi Deviation of 2.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.0352%. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steppe Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steppe Gold is expected to be smaller as well. Steppe Gold right now has a risk of 3.79%. Please validate Steppe Gold jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Steppe Gold will be following its existing price patterns.

Auto-correlation

    
  0.14  

Insignificant predictability

Steppe Gold has insignificant predictability. Overlapping area represents the amount of predictability between Steppe 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 Steppe Gold price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Steppe Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.0

Steppe Gold lagged returns against current returns

Autocorrelation, which is Steppe 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 Steppe Gold's otc stock expected returns. We can calculate the autocorrelation of Steppe Gold returns to help us make a trade decision. For example, suppose you find that Steppe 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  

Steppe 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 Steppe Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steppe 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 Steppe Gold otc stock over time.
   Current vs Lagged Prices   
       Timeline  

Steppe Gold Lagged Returns

When evaluating Steppe Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steppe Gold otc stock have on its future price. Steppe 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, Steppe Gold autocorrelation shows the relationship between Steppe Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Steppe Gold.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Steppe OTC Stock

Steppe Gold financial ratios help investors to determine whether Steppe 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 Steppe with respect to the benefits of owning Steppe Gold security.