Angold Resources Stock Market Value
| AAUGF Stock | USD 0.02 0.0005 2.13% |
| Symbol | Angold |
Angold Resources '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 Angold Resources' pink sheet 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 Angold Resources.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Angold Resources on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Angold Resources or generate 0.0% return on investment in Angold Resources over 30 days. Angold Resources Ltd., a junior exploration company, engages in the acquisition, exploration, and development of mineral... More
Angold Resources 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 Angold Resources' pink sheet 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 Angold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.9 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 97.5 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 31.25 |
Angold Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Angold Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Angold Resources' standard deviation. In reality, there are many statistical measures that can use Angold Resources historical prices to predict the future Angold Resources' volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | 1.38 | |||
| Sortino Ratio | 0.0582 | |||
| Treynor Ratio | (0.47) |
Angold Resources Backtested Returns
Angold Resources is out of control given 3 months investment horizon. Angold Resources secures Sharpe Ratio (or Efficiency) of 0.0631, which signifies that the company had a 0.0631 % return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Angold Resources risk adjusted performance of 0.0561, and Mean Deviation of 12.02 to evaluate company specific risk that cannot be diversified away. Angold Resources holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.55, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Angold Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Angold Resources is expected to outperform it. Use Angold Resources coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to analyze future returns on Angold Resources.
Auto-correlation | 0.11 |
Insignificant predictability
Angold Resources has insignificant predictability. Overlapping area represents the amount of predictability between Angold Resources time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th 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 Angold Resources price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Angold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Angold Resources lagged returns against current returns
Autocorrelation, which is Angold Resources pink sheet'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 Angold Resources' pink sheet expected returns. We can calculate the autocorrelation of Angold Resources returns to help us make a trade decision. For example, suppose you find that Angold Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Angold Resources 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 Angold Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Angold Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Angold Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Angold Resources Lagged Returns
When evaluating Angold Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Angold Resources pink sheet have on its future price. Angold Resources 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, Angold Resources autocorrelation shows the relationship between Angold Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Angold Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Angold Pink Sheet
Angold Resources financial ratios help investors to determine whether Angold Pink Sheet 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 Angold with respect to the benefits of owning Angold Resources security.