Westward Gold's market value is the price at which a share of Westward Gold trades on a public exchange. It measures the collective expectations of Westward Gold investors about its performance. Westward Gold is trading at 0.0497 as of the 1st of February 2025. This is a 12.96 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.049. With this module, you can estimate the performance of a buy and hold strategy of Westward Gold and determine expected loss or profit from investing in Westward Gold over a given investment horizon. Check out Westward Gold Correlation, Westward Gold Volatility and Westward Gold Alpha and Beta module to complement your research on Westward Gold.
Please note, there is a significant difference between Westward Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westward Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westward 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.
Westward 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 Westward 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 Westward Gold.
0.00
02/07/2024
No Change 0.00
0.0
In 11 months and 27 days
02/01/2025
0.00
If you would invest 0.00 in Westward Gold on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Westward Gold or generate 0.0% return on investment in Westward Gold over 360 days. Westward Gold is related to or competes with Heliostar Metals, Revival Gold, Cabral Gold, Cassiar Gold, Independence Gold, Q2 Metals, and Snowline Gold. Westward Gold Inc. operates as a mineral exploration company More
Westward 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 Westward 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 Westward Gold upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westward Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westward Gold's standard deviation. In reality, there are many statistical measures that can use Westward Gold historical prices to predict the future Westward Gold's volatility.
At this point, Westward Gold is out of control. Westward Gold shows Sharpe Ratio of 0.0171, which attests that the company had a 0.0171 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westward Gold, which you can use to evaluate the volatility of the company. Please check out Westward Gold's Downside Deviation of 6.88, market risk adjusted performance of (0.36), and Mean Deviation of 4.88 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Westward Gold has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Westward Gold are expected to decrease at a much lower rate. During the bear market, Westward Gold is likely to outperform the market. Westward Gold right now maintains a risk of 7.38%. Please check out Westward Gold potential upside and the relationship between the skewness and price action indicator , to decide if Westward Gold will be following its historical returns.
Auto-correlation
-0.22
Weak reverse predictability
Westward Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Westward Gold time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 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 Westward Gold price movement. The serial correlation of -0.22 indicates that over 22.0% of current Westward Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.22
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.0
Westward Gold lagged returns against current returns
Autocorrelation, which is Westward 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 Westward Gold's otc stock expected returns. We can calculate the autocorrelation of Westward Gold returns to help us make a trade decision. For example, suppose you find that Westward 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
Westward 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 Westward Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westward 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 Westward Gold otc stock over time.
Current vs Lagged Prices
Timeline
Westward Gold Lagged Returns
When evaluating Westward Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westward Gold otc stock have on its future price. Westward 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, Westward Gold autocorrelation shows the relationship between Westward Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Westward Gold.
Other Information on Investing in Westward OTC Stock
Westward Gold financial ratios help investors to determine whether Westward 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 Westward with respect to the benefits of owning Westward Gold security.