Energold Drilling Corp Stock Market Value
Energold Drilling's market value is the price at which a share of Energold Drilling trades on a public exchange. It measures the collective expectations of Energold Drilling Corp investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Energold Drilling Corp and determine expected loss or profit from investing in Energold Drilling over a given investment horizon. Check out Energold Drilling Correlation, Energold Drilling Volatility and Energold Drilling Alpha and Beta module to complement your research on Energold Drilling.
| Symbol | Energold |
Energold Drilling '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 Energold Drilling'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 Energold Drilling.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Energold Drilling on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Energold Drilling Corp or generate 0.0% return on investment in Energold Drilling over 60 days. Energold Drilling is related to or competes with Piedmont Lithium, Sigma Lithium, Standard Lithium, MP Materials, and Vale SA. Energold Drilling Corp., together with its subsidiaries, provides drilling services to the mining and energy sectors pri... More
Energold Drilling 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 Energold Drilling'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 Energold Drilling Corp upside and downside potential and time the market with a certain degree of confidence.
Energold Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energold Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energold Drilling's standard deviation. In reality, there are many statistical measures that can use Energold Drilling historical prices to predict the future Energold Drilling's volatility.Energold Drilling Corp Backtested Returns
We have found zero technical indicators for Energold Drilling Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Energold Drilling are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Energold Drilling Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Energold Drilling time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Energold Drilling Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Energold Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Energold Drilling Corp lagged returns against current returns
Autocorrelation, which is Energold Drilling 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 Energold Drilling's pink sheet expected returns. We can calculate the autocorrelation of Energold Drilling returns to help us make a trade decision. For example, suppose you find that Energold Drilling 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 |
Energold Drilling 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 Energold Drilling pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energold Drilling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energold Drilling pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Energold Drilling Lagged Returns
When evaluating Energold Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energold Drilling pink sheet have on its future price. Energold Drilling 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, Energold Drilling autocorrelation shows the relationship between Energold Drilling pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Energold Drilling Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Energold Pink Sheet
Energold Drilling financial ratios help investors to determine whether Energold 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 Energold with respect to the benefits of owning Energold Drilling security.