Tomagold Stock Market Value
| TOGOF Stock | USD 0.01 0 24.65% |
| Symbol | TomaGold |
TomaGold '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 TomaGold'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 TomaGold.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in TomaGold on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding TomaGold or generate 0.0% return on investment in TomaGold over 720 days. TomaGold is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. TomaGold Corporation, together with its subsidiaries, engages in the acquisition, assessment, exploration, and developme... More
TomaGold 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 TomaGold'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 TomaGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.54 | |||
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 127.05 | |||
| Value At Risk | (24.65) | |||
| Potential Upside | 36.54 |
TomaGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TomaGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TomaGold's standard deviation. In reality, there are many statistical measures that can use TomaGold historical prices to predict the future TomaGold's volatility.| Risk Adjusted Performance | 0.0218 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (2.53) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 0.0733 |
TomaGold Backtested Returns
TomaGold is out of control given 3 months investment horizon. TomaGold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0644, which indicates the firm had a 0.0644% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use TomaGold Risk Adjusted Performance of 0.0218, coefficient of variation of 6252.68, and Semi Deviation of 11.23 to evaluate company specific risk that cannot be diversified away. TomaGold holds a performance score of 5 on a scale of zero to a hundred. The entity has a beta of 3.51, 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, TomaGold will likely underperform. Use TomaGold treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on TomaGold.
Auto-correlation | 0.15 |
Insignificant predictability
TomaGold has insignificant predictability. Overlapping area represents the amount of predictability between TomaGold time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 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 TomaGold price movement. The serial correlation of 0.15 indicates that less than 15.0% of current TomaGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TomaGold lagged returns against current returns
Autocorrelation, which is TomaGold 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 TomaGold's pink sheet expected returns. We can calculate the autocorrelation of TomaGold returns to help us make a trade decision. For example, suppose you find that TomaGold 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 |
TomaGold 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 TomaGold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TomaGold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TomaGold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TomaGold Lagged Returns
When evaluating TomaGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TomaGold pink sheet have on its future price. TomaGold 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, TomaGold autocorrelation shows the relationship between TomaGold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TomaGold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TomaGold Pink Sheet
TomaGold financial ratios help investors to determine whether TomaGold 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 TomaGold with respect to the benefits of owning TomaGold security.