Us Goldmining Common Stock Market Value
| USGO Stock | 12.69 0.18 1.40% |
| Symbol | USGO |
US GoldMining Common Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of US GoldMining. If investors know USGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about US GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Return On Assets (0.92) | Return On Equity (1.71) |
The market value of US GoldMining Common is measured differently than its book value, which is the value of USGO that is recorded on the company's balance sheet. Investors also form their own opinion of US GoldMining's value that differs from its market value or its book value, called intrinsic value, which is US GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US GoldMining's market value can be influenced by many factors that don't directly affect US GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if US GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US GoldMining'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.
US GoldMining '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 US GoldMining'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 US GoldMining.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in US GoldMining on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding US GoldMining Common or generate 0.0% return on investment in US GoldMining over 30 days. US GoldMining is related to or competes with MP Materials, NioCorp Developments, Vale SA, Vizsla Resources, Electra Battery, BHP Group, and Compass Minerals. US GoldMining is entity of United States More
US GoldMining 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 US GoldMining'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 US GoldMining Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1833 | |||
| Maximum Drawdown | 53.1 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 22.15 |
US GoldMining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US GoldMining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US GoldMining's standard deviation. In reality, there are many statistical measures that can use US GoldMining historical prices to predict the future US GoldMining's volatility.| Risk Adjusted Performance | 0.1609 | |||
| Jensen Alpha | 1.78 | |||
| Total Risk Alpha | 0.394 | |||
| Sortino Ratio | 0.3882 | |||
| Treynor Ratio | (1.77) |
US GoldMining Common Backtested Returns
US GoldMining is moderately volatile given 3 months investment horizon. US GoldMining Common retains Efficiency (Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of price deviation over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.78% are justified by taking the suggested risk. Use US GoldMining Common Downside Deviation of 4.02, mean deviation of 5.14, and Risk Adjusted Performance of 0.1609 to evaluate company specific risk that cannot be diversified away. US GoldMining holds a performance score of 16 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of -0.95, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning US GoldMining are expected to decrease slowly. On the other hand, during market turmoil, US GoldMining is expected to outperform it slightly. Use US GoldMining Common coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on US GoldMining Common.
Auto-correlation | 0.45 |
Average predictability
US GoldMining Common has average predictability. Overlapping area represents the amount of predictability between US GoldMining time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 US GoldMining Common price movement. The serial correlation of 0.45 indicates that just about 45.0% of current US GoldMining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.36 |
US GoldMining Common lagged returns against current returns
Autocorrelation, which is US GoldMining 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 US GoldMining's stock expected returns. We can calculate the autocorrelation of US GoldMining returns to help us make a trade decision. For example, suppose you find that US GoldMining 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 |
US GoldMining 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 US GoldMining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US GoldMining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US GoldMining stock over time.
Current vs Lagged Prices |
| Timeline |
US GoldMining Lagged Returns
When evaluating US GoldMining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US GoldMining stock have on its future price. US GoldMining 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, US GoldMining autocorrelation shows the relationship between US GoldMining stock current value and its past values and can show if there is a momentum factor associated with investing in US GoldMining Common.
Regressed Prices |
| Timeline |
Pair Trading with US GoldMining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if US GoldMining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in US GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving together with USGO Stock
Moving against USGO Stock
| 0.64 | BYU | BAIYU Holdings | PairCorr |
| 0.47 | ELBM | Electra Battery Materials | PairCorr |
| 0.32 | NB | NioCorp Developments | PairCorr |
The ability to find closely correlated positions to US GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US GoldMining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back US GoldMining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling US GoldMining Common to buy it.
The correlation of US GoldMining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US GoldMining Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for US GoldMining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out US GoldMining Correlation, US GoldMining Volatility and US GoldMining Alpha and Beta module to complement your research on US GoldMining. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
US GoldMining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.