Cassiar Gold Corp Stock Market Value
| GLDC Stock | CAD 0.22 0.00 0.00% |
| Symbol | Cassiar |
Cassiar Gold Corp Price To Book Ratio
Cassiar 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 Cassiar 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 Cassiar Gold.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Cassiar Gold on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Cassiar Gold Corp or generate 0.0% return on investment in Cassiar Gold over 360 days. Cassiar Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Cassiar Gold Corp. engages in the acquisition, exploration, and development of mineral properties More
Cassiar 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 Cassiar 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 Cassiar Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.55 |
Cassiar Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cassiar Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cassiar Gold's standard deviation. In reality, there are many statistical measures that can use Cassiar Gold historical prices to predict the future Cassiar Gold's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cassiar 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.
Cassiar Gold Corp Backtested Returns
Cassiar Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0516, which signifies that the company had a -0.0516% return per unit of risk over the last 3 months. Cassiar Gold Corp exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cassiar Gold's Mean Deviation of 1.98, standard deviation of 3.23, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Cassiar Gold returns are very sensitive to returns on the market. As the market goes up or down, Cassiar Gold is expected to follow. At this point, Cassiar Gold Corp has a negative expected return of -0.15%. Please make sure to confirm Cassiar Gold's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Cassiar Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Cassiar Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Cassiar Gold time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Cassiar Gold Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Cassiar Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cassiar Gold Corp lagged returns against current returns
Autocorrelation, which is Cassiar 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 Cassiar Gold's stock expected returns. We can calculate the autocorrelation of Cassiar Gold returns to help us make a trade decision. For example, suppose you find that Cassiar 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 |
Cassiar 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 Cassiar Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cassiar Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cassiar Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Cassiar Gold Lagged Returns
When evaluating Cassiar Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cassiar Gold stock have on its future price. Cassiar 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, Cassiar Gold autocorrelation shows the relationship between Cassiar Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Cassiar Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cassiar Stock Analysis
When running Cassiar Gold's price analysis, check to measure Cassiar 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 Cassiar Gold is operating at the current time. Most of Cassiar Gold's value examination focuses on studying past and present price action to predict the probability of Cassiar 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 Cassiar Gold's price. Additionally, you may evaluate how the addition of Cassiar Gold to your portfolios can decrease your overall portfolio volatility.