Evergold Corp Stock Market Value
| EVGUF Stock | USD 0.01 0.01 25.00% |
| Symbol | Evergold |
Evergold Corp '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 Evergold Corp'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 Evergold Corp.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Evergold Corp on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Evergold Corp or generate 0.0% return on investment in Evergold Corp over 90 days. Evergold Corp is related to or competes with Aurelia Metals, IGO, IGO, Nickel Mines, Mineral Resources, Globex Mining, and StrikePoint Gold. Evergold Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral prop... More
Evergold Corp 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 Evergold Corp'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 Evergold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1305 | |||
| Maximum Drawdown | 106.82 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 33.33 |
Evergold Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergold Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergold Corp's standard deviation. In reality, there are many statistical measures that can use Evergold Corp historical prices to predict the future Evergold Corp's volatility.| Risk Adjusted Performance | 0.1174 | |||
| Jensen Alpha | 2.1 | |||
| Total Risk Alpha | 3.75 | |||
| Treynor Ratio | 0.8667 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evergold Corp'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.
Evergold Corp Backtested Returns
Evergold Corp is out of control given 3 months investment horizon. Evergold Corp secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.87% are justified by taking the suggested risk. Use Evergold Corp Standard Deviation of 15.1, variance of 228.09, and Mean Deviation of 6.66 to evaluate company specific risk that cannot be diversified away. Evergold Corp holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.15, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Evergold Corp will likely underperform. Use Evergold Corp information ratio and the relationship between the potential upside and period momentum indicator , to analyze future returns on Evergold Corp.
Auto-correlation | 0.23 |
Weak predictability
Evergold Corp has weak predictability. Overlapping area represents the amount of predictability between Evergold Corp time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Evergold Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Evergold Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Evergold Corp lagged returns against current returns
Autocorrelation, which is Evergold Corp 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 Evergold Corp's pink sheet expected returns. We can calculate the autocorrelation of Evergold Corp returns to help us make a trade decision. For example, suppose you find that Evergold Corp 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 |
Evergold Corp 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 Evergold Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergold Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergold Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Evergold Corp Lagged Returns
When evaluating Evergold Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergold Corp pink sheet have on its future price. Evergold Corp 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, Evergold Corp autocorrelation shows the relationship between Evergold Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Evergold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Evergold Pink Sheet
Evergold Corp financial ratios help investors to determine whether Evergold 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 Evergold with respect to the benefits of owning Evergold Corp security.