Westward Gold Stock Market Value
| WGLIF Stock | USD 0.05 0.0008 1.48% |
| Symbol | Westward |
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.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Westward Gold on September 2, 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 90 days. Westward Gold is related to or competes with Aurion Resources, Rio2, and Grande Portage. 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.
| Downside Deviation | 9.15 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 62.48 | |||
| Value At Risk | (16.01) | |||
| Potential Upside | 25.19 |
Westward Gold Market Risk Indicators
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.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | (1.02) | |||
| Sortino Ratio | 0.0792 | |||
| Treynor Ratio | (0.40) |
Westward Gold Backtested Returns
Westward Gold appears to be out of control, given 3 months investment horizon. Westward Gold shows Sharpe Ratio of 0.08, which attests that the company had a 0.08% return per unit of risk over the last 3 months. By examining Westward Gold's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Westward Gold's Mean Deviation of 7.71, market risk adjusted performance of (0.39), and Downside Deviation of 9.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westward Gold holds a performance score of 6. The firm maintains a market beta of -2.13, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Westward Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Westward Gold is expected to outperform it. Please check Westward Gold's potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Westward Gold's historical returns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Westward Gold has virtually no predictability. Overlapping area represents the amount of predictability between Westward Gold time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Westward Gold price movement. The serial correlation of 0.03 indicates that only 3.0% of current Westward Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.13 | |
| 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.