Sixty North Gold Stock Market Value
| SXNTF Stock | USD 0.08 0.02 16.88% |
| Symbol | Sixty |
Sixty North '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 Sixty North's pink sheet 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 Sixty North.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Sixty North on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sixty North Gold or generate 0.0% return on investment in Sixty North over 90 days. Sixty North is related to or competes with Grande Portage, White Gold, and Aurion Resources. Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in ... More
Sixty North 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 Sixty North's pink sheet 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 Sixty North Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.4 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 225.15 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 30.43 |
Sixty North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixty North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sixty North's standard deviation. In reality, there are many statistical measures that can use Sixty North historical prices to predict the future Sixty North's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 2.84 | |||
| Total Risk Alpha | 0.3797 | |||
| Sortino Ratio | 0.1134 | |||
| Treynor Ratio | 0.814 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sixty North's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sixty North Gold Backtested Returns
Sixty North is out of control given 3 months investment horizon. Sixty North Gold 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 interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 3.21% are justified by taking the suggested risk. Use Sixty North Gold Risk Adjusted Performance of 0.112, coefficient of variation of 816.04, and Semi Deviation of 13.88 to evaluate company specific risk that cannot be diversified away. Sixty North holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 3.93, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sixty North will likely underperform. Use Sixty North Gold semi variance, as well as the relationship between the daily balance of power and price action indicator , to analyze future returns on Sixty North Gold.
Auto-correlation | -0.39 |
Poor reverse predictability
Sixty North Gold has poor reverse predictability. Overlapping area represents the amount of predictability between Sixty North time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st of January 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 Sixty North Gold price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Sixty North price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sixty North Gold lagged returns against current returns
Autocorrelation, which is Sixty North pink sheet'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 Sixty North's pink sheet expected returns. We can calculate the autocorrelation of Sixty North returns to help us make a trade decision. For example, suppose you find that Sixty North has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sixty North 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 Sixty North pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sixty North pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sixty North pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sixty North Lagged Returns
When evaluating Sixty North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sixty North pink sheet have on its future price. Sixty North 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, Sixty North autocorrelation shows the relationship between Sixty North pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sixty North Gold.
Regressed Prices |
| Timeline |
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Other Information on Investing in Sixty Pink Sheet
Sixty North financial ratios help investors to determine whether Sixty Pink Sheet 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 Sixty with respect to the benefits of owning Sixty North security.