White Gold Corp Stock Market Value
| WGO Stock | CAD 0.22 0.01 4.76% |
| Symbol | White |
White Gold Corp Price To Book Ratio
White 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 White Gold'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 White Gold.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in White Gold on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding White Gold Corp or generate 0.0% return on investment in White Gold over 30 days. White Gold is related to or competes with Royal Road. White Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
White 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 White Gold'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 White Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 4.76 |
White Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for White Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as White Gold's standard deviation. In reality, there are many statistical measures that can use White Gold historical prices to predict the future White Gold's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.48) |
White Gold Corp Backtested Returns
White Gold Corp shows Sharpe Ratio of -0.0681, which attests that the company had a -0.0681% return per unit of risk over the last 3 months. White Gold Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out White Gold's Market Risk Adjusted Performance of (0.47), standard deviation of 3.7, and Mean Deviation of 2.62 to validate the risk estimate we provide. The firm maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, White Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding White Gold is expected to be smaller as well. At this point, White Gold Corp has a negative expected return of -0.25%. Please make sure to check out White Gold's value at risk and the relationship between the accumulation distribution and relative strength index , to decide if White Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
White Gold Corp has modest predictability. Overlapping area represents the amount of predictability between White Gold time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 White Gold Corp price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current White Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
White Gold Corp lagged returns against current returns
Autocorrelation, which is White Gold 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 White Gold's stock expected returns. We can calculate the autocorrelation of White Gold returns to help us make a trade decision. For example, suppose you find that White Gold 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 |
White 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 White Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if White Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in White Gold stock over time.
Current vs Lagged Prices |
| Timeline |
White Gold Lagged Returns
When evaluating White Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of White Gold stock have on its future price. White 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, White Gold autocorrelation shows the relationship between White Gold stock current value and its past values and can show if there is a momentum factor associated with investing in White Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for White Stock Analysis
When running White Gold's price analysis, check to measure White Gold'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 White Gold is operating at the current time. Most of White Gold's value examination focuses on studying past and present price action to predict the probability of White Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move White Gold's price. Additionally, you may evaluate how the addition of White Gold to your portfolios can decrease your overall portfolio volatility.