Clarity Gold Corp Stock Market Value
| CLGCF Stock | USD 0.02 0 8.33% |
| Symbol | Clarity |
Clarity 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 Clarity Gold's 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 Clarity Gold.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Clarity Gold on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Clarity Gold Corp or generate 0.0% return on investment in Clarity Gold over 30 days. Clarity Gold is related to or competes with Osisko Development, DRDGOLD Limited, Osisko Gold, and Elemental Royalties. Clarity Gold Corp. engages in the exploration of mineral properties in Canada More
Clarity 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 Clarity Gold's 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 Clarity Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.88 | |||
| Information Ratio | 0.0555 | |||
| Maximum Drawdown | 61.68 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 31.25 |
Clarity Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clarity Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clarity Gold's standard deviation. In reality, there are many statistical measures that can use Clarity Gold historical prices to predict the future Clarity Gold's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.8588 | |||
| Total Risk Alpha | 1.35 | |||
| Sortino Ratio | 0.059 | |||
| Treynor Ratio | 4.98 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clarity 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.
Clarity Gold Corp Backtested Returns
Clarity Gold appears to be out of control, given 3 months investment horizon. Clarity Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0594, which signifies that the company had a 0.0594 % return per unit of standard deviation over the last 3 months. By analyzing Clarity Gold's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of Clarity Gold's risk adjusted performance of 0.0498, and Mean Deviation of 12.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clarity Gold holds a performance score of 4. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clarity Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clarity Gold is expected to be smaller as well. Please check Clarity Gold's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether Clarity Gold's price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Clarity Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Clarity Gold time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Clarity Gold Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Clarity Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clarity Gold Corp lagged returns against current returns
Autocorrelation, which is Clarity Gold 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 Clarity Gold's pink sheet expected returns. We can calculate the autocorrelation of Clarity Gold returns to help us make a trade decision. For example, suppose you find that Clarity Gold 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 |
Clarity 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 Clarity Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clarity Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clarity Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Clarity Gold Lagged Returns
When evaluating Clarity Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clarity Gold pink sheet have on its future price. Clarity 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, Clarity Gold autocorrelation shows the relationship between Clarity Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Clarity Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Clarity Pink Sheet
Clarity Gold financial ratios help investors to determine whether Clarity 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 Clarity with respect to the benefits of owning Clarity Gold security.