Unigold Stock Market Value
| UGD Stock | CAD 0.06 0.01 14.29% |
| Symbol | Unigold |
Unigold Price To Book Ratio
Unigold '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 Unigold'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 Unigold.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Unigold on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Unigold or generate 0.0% return on investment in Unigold over 180 days. Unigold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Unigold Inc., a junior natural resource company, focuses on exploring and developing gold projects in Canada and the Dom... More
Unigold 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 Unigold'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 Unigold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.85 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Unigold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unigold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unigold's standard deviation. In reality, there are many statistical measures that can use Unigold historical prices to predict the future Unigold's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.4099 | |||
| Total Risk Alpha | (1.34) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.07) |
Unigold Backtested Returns
At this stage we consider Unigold Stock to be out of control. Unigold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0139, which indicates the firm had a 0.0139% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Unigold, which you can use to evaluate the volatility of the company. Please validate Unigold's Semi Deviation of 6.34, coefficient of variation of 5861.67, and Risk Adjusted Performance of 0.0222 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Unigold has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -2.1, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Unigold are expected to decrease by larger amounts. On the other hand, during market turmoil, Unigold is expected to outperform it. Unigold right now has a risk of 8.59%. Please validate Unigold sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to decide if Unigold will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Unigold has very weak reverse predictability. Overlapping area represents the amount of predictability between Unigold time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Unigold price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Unigold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unigold lagged returns against current returns
Autocorrelation, which is Unigold 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 Unigold's stock expected returns. We can calculate the autocorrelation of Unigold returns to help us make a trade decision. For example, suppose you find that Unigold 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 |
Unigold 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 Unigold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unigold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unigold stock over time.
Current vs Lagged Prices |
| Timeline |
Unigold Lagged Returns
When evaluating Unigold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unigold stock have on its future price. Unigold 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, Unigold autocorrelation shows the relationship between Unigold stock current value and its past values and can show if there is a momentum factor associated with investing in Unigold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Unigold Stock Analysis
When running Unigold's price analysis, check to measure Unigold'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 Unigold is operating at the current time. Most of Unigold's value examination focuses on studying past and present price action to predict the probability of Unigold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unigold's price. Additionally, you may evaluate how the addition of Unigold to your portfolios can decrease your overall portfolio volatility.