Allegiant Gold Stock Market Value
| AUXXF Stock | USD 0.09 0.01 5.26% |
| Symbol | Allegiant |
Allegiant 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 Allegiant 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 Allegiant Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Allegiant Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Allegiant Gold or generate 0.0% return on investment in Allegiant Gold over 90 days. Allegiant Gold is related to or competes with Angkor Resources, Asante Gold, and Radisson Mining. Allegiant Gold Ltd. engages in the exploration and evaluation of resource properties in the United States More
Allegiant 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 Allegiant 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 Allegiant Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.66 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (9.18) | |||
| Potential Upside | 10.0 |
Allegiant Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegiant Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegiant Gold's standard deviation. In reality, there are many statistical measures that can use Allegiant Gold historical prices to predict the future Allegiant Gold's volatility.| Risk Adjusted Performance | 0.0352 | |||
| Jensen Alpha | 0.231 | |||
| Total Risk Alpha | 1.1 | |||
| Sortino Ratio | 0.0413 | |||
| Treynor Ratio | 0.9397 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegiant Gold's 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.
Allegiant Gold Backtested Returns
Allegiant Gold appears to be out of control, given 3 months investment horizon. Allegiant Gold secures Sharpe Ratio (or Efficiency) of 0.0434, which signifies that the company had a 0.0434 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allegiant Gold, which you can use to evaluate the volatility of the firm. Please makes use of Allegiant Gold's Risk Adjusted Performance of 0.0352, downside deviation of 7.66, and Mean Deviation of 4.7 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allegiant Gold holds a performance score of 3. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allegiant Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allegiant Gold is expected to be smaller as well. Please check Allegiant Gold's sortino ratio and the relationship between the downside variance and period momentum indicator , to make a quick decision on whether Allegiant Gold's price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Allegiant Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Allegiant Gold time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Allegiant Gold price movement. The serial correlation of -0.22 indicates that over 22.0% of current Allegiant Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allegiant Gold lagged returns against current returns
Autocorrelation, which is Allegiant 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 Allegiant Gold's otc stock expected returns. We can calculate the autocorrelation of Allegiant Gold returns to help us make a trade decision. For example, suppose you find that Allegiant 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 |
Allegiant 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 Allegiant Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegiant 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 Allegiant Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Allegiant Gold Lagged Returns
When evaluating Allegiant Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegiant Gold otc stock have on its future price. Allegiant 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, Allegiant Gold autocorrelation shows the relationship between Allegiant Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Allegiant Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Allegiant OTC Stock
Allegiant Gold financial ratios help investors to determine whether Allegiant 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 Allegiant with respect to the benefits of owning Allegiant Gold security.