Gold79 Mines Stock Market Value
| AUSVF Stock | USD 0.30 0.03 9.09% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Gold79 Mines on December 17, 2024 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 90 days. Gold79 Mines is related to or competes with American Clean, Arras Minerals, 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.
| Downside Deviation | 5.54 | |||
| Information Ratio | 0.1958 | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 11.11 |
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 | 0.1608 | |||
| Jensen Alpha | 0.7284 | |||
| Total Risk Alpha | 1.45 | |||
| Sortino Ratio | 0.1713 | |||
| Treynor Ratio | (0.82) |
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
Gold79 Mines appears to be out of control, given 3 months investment horizon. Gold79 Mines holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18 % return per unit of risk over the last 3 months. By evaluating Gold79 Mines' technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Gold79 Mines' Market Risk Adjusted Performance of (0.81), downside deviation of 5.54, and Risk Adjusted Performance of 0.1608 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold79 Mines holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -1.02, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Gold79 Mines are expected to decrease slowly. On the other hand, during market turmoil, Gold79 Mines is expected to outperform it slightly. Please check Gold79 Mines' sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Gold79 Mines' current trending patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Gold79 Mines has good predictability. Overlapping area represents the amount of predictability between Gold79 Mines time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 0.74 indicates that around 74.0% of current Gold79 Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.7 | |
| 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 |
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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.