Gold79 Mines Stock Market Value
| AUSVF Stock | USD 0.24 0.01 4.00% |
| Symbol | Gold79 |
Gold79 Mines '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 Gold79 Mines' 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 Gold79 Mines.
| 01/31/2023 |
| 01/20/2025 |
If you would invest 0.00 in Gold79 Mines on January 31, 2023 and sell it all today you would earn a total of 0.00 from holding Gold79 Mines or generate 0.0% return on investment in Gold79 Mines over 720 days. Gold79 Mines is related to or competes with American Clean, Arras Minerals, American Creek, and Aurania Resources. Gold79 Mines Ltd., an exploration stage junior mining company, engages in the identification, acquisition, evaluation, a... More
Gold79 Mines 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 Gold79 Mines' 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 Gold79 Mines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.17 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.7 |
Gold79 Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold79 Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold79 Mines' standard deviation. In reality, there are many statistical measures that can use Gold79 Mines historical prices to predict the future Gold79 Mines' volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold79 Mines' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gold79 Mines Backtested Returns
At this point, Gold79 Mines is out of control. Gold79 Mines holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Gold79 Mines, which you can use to evaluate the volatility of the firm. Please check out Gold79 Mines' Standard Deviation of 4.85, market risk adjusted performance of (0.03), and Risk Adjusted Performance of 0.0068 to validate if the risk estimate we provide is consistent with the expected return of 0.046%. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gold79 Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold79 Mines is expected to be smaller as well. Gold79 Mines right now retains a risk of 4.81%. Please check out Gold79 Mines value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Gold79 Mines will be following its current trending patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Gold79 Mines has modest reverse predictability. Overlapping area represents the amount of predictability between Gold79 Mines time series from 31st of January 2023 to 26th of January 2024 and 26th of January 2024 to 20th of January 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 Gold79 Mines price movement. The serial correlation of -0.5 indicates that about 50.0% of current Gold79 Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold79 Mines lagged returns against current returns
Autocorrelation, which is Gold79 Mines 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 Gold79 Mines' otc stock expected returns. We can calculate the autocorrelation of Gold79 Mines returns to help us make a trade decision. For example, suppose you find that Gold79 Mines 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 |
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Gold79 Mines 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 Gold79 Mines otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold79 Mines otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold79 Mines otc stock over time.
Current vs Lagged Prices |
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Gold79 Mines Lagged Returns
When evaluating Gold79 Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold79 Mines otc stock have on its future price. Gold79 Mines 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, Gold79 Mines autocorrelation shows the relationship between Gold79 Mines otc stock current value and its past values and can show if there is a momentum factor associated with investing in Gold79 Mines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gold79 OTC Stock
Gold79 Mines financial ratios help investors to determine whether Gold79 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 Gold79 with respect to the benefits of owning Gold79 Mines security.