Eminent Gold Corp Stock Market Value
| EMNT Stock | CAD 0.29 0.02 6.45% |
| Symbol | Eminent |
Eminent Gold Corp Price To Book Ratio
Eminent 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 Eminent Gold's 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 Eminent Gold.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Eminent Gold on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Eminent Gold Corp or generate 0.0% return on investment in Eminent Gold over 720 days. Eminent Gold is related to or competes with Angus Ventures, Empress Royalty, and District Metals. Eminent Gold Corp., a gold exploration company, engages in the exploration and discovery of gold deposits in the United ... More
Eminent 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 Eminent Gold's 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 Eminent Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.85 | |||
| Information Ratio | 0.0127 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.71 |
Eminent Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eminent Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eminent Gold's standard deviation. In reality, there are many statistical measures that can use Eminent Gold historical prices to predict the future Eminent Gold's volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | 0.1608 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | 2.56 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eminent 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.
Eminent Gold Corp Backtested Returns
At this stage we consider Eminent Stock to be out of control. Eminent Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0245, which denotes the company had a 0.0245% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eminent Gold Corp, which you can use to evaluate the volatility of the firm. Please confirm Eminent Gold's Coefficient Of Variation of 2845.89, downside deviation of 5.85, and Mean Deviation of 3.42 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Eminent Gold has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0654, which means not very significant fluctuations relative to the market. As returns on the market increase, Eminent Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eminent Gold is expected to be smaller as well. Eminent Gold Corp right now shows a risk of 5.04%. Please confirm Eminent Gold Corp standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Eminent Gold Corp will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Eminent Gold Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Eminent Gold time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eminent Gold Corp price movement. The serial correlation of -0.69 indicates that around 69.0% of current Eminent Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eminent Gold Corp lagged returns against current returns
Autocorrelation, which is Eminent Gold 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 Eminent Gold's stock expected returns. We can calculate the autocorrelation of Eminent Gold returns to help us make a trade decision. For example, suppose you find that Eminent Gold has exhibited high autocorrelation historically, and you observe that the 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 |
Eminent 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 Eminent Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eminent Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eminent Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Eminent Gold Lagged Returns
When evaluating Eminent Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eminent Gold stock have on its future price. Eminent 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, Eminent Gold autocorrelation shows the relationship between Eminent Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Eminent Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eminent Stock Analysis
When running Eminent Gold's price analysis, check to measure Eminent Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eminent Gold is operating at the current time. Most of Eminent Gold's value examination focuses on studying past and present price action to predict the probability of Eminent Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eminent Gold's price. Additionally, you may evaluate how the addition of Eminent Gold to your portfolios can decrease your overall portfolio volatility.