Angus Ventures Stock Market Value
| GUS Stock | CAD 0.42 0.04 10.53% |
| Symbol | Angus |
Angus Ventures Price To Book Ratio
Angus Ventures '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 Angus Ventures' 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 Angus Ventures.
| 06/08/2024 |
| 12/05/2024 |
If you would invest 0.00 in Angus Ventures on June 8, 2024 and sell it all today you would earn a total of 0.00 from holding Angus Ventures or generate 0.0% return on investment in Angus Ventures over 180 days. Angus Ventures is related to or competes with Viva Gold, Heliostar Metals, and Cassiar Gold. Angus Gold Inc., a gold exploration company, focuses on the acquisition, exploration, and development of mineral propert... More
Angus Ventures 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 Angus Ventures' 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 Angus Ventures upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 20.47 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 8.0 |
Angus Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Angus Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Angus Ventures' standard deviation. In reality, there are many statistical measures that can use Angus Ventures historical prices to predict the future Angus Ventures' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1423 |
Angus Ventures Backtested Returns
Angus Ventures secures Sharpe Ratio (or Efficiency) of -0.0681, which signifies that the company had a -0.0681% return per unit of standard deviation over the last 3 months. Angus Ventures exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Angus Ventures' risk adjusted performance of (0.01), and Mean Deviation of 2.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.88, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Angus Ventures are expected to decrease slowly. On the other hand, during market turmoil, Angus Ventures is expected to outperform it slightly. At this point, Angus Ventures has a negative expected return of -0.28%. Please make sure to confirm Angus Ventures' treynor ratio and the relationship between the skewness and price action indicator , to decide if Angus Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Angus Ventures has virtually no predictability. Overlapping area represents the amount of predictability between Angus Ventures time series from 8th of June 2024 to 6th of September 2024 and 6th of September 2024 to 5th 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 Angus Ventures price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Angus Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Angus Ventures lagged returns against current returns
Autocorrelation, which is Angus Ventures 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 Angus Ventures' stock expected returns. We can calculate the autocorrelation of Angus Ventures returns to help us make a trade decision. For example, suppose you find that Angus Ventures 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 |
Angus Ventures 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 Angus Ventures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Angus Ventures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Angus Ventures stock over time.
Current vs Lagged Prices |
| Timeline |
Angus Ventures Lagged Returns
When evaluating Angus Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Angus Ventures stock have on its future price. Angus Ventures 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, Angus Ventures autocorrelation shows the relationship between Angus Ventures stock current value and its past values and can show if there is a momentum factor associated with investing in Angus Ventures.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Angus Stock Analysis
When running Angus Ventures' price analysis, check to measure Angus Ventures' 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 Angus Ventures is operating at the current time. Most of Angus Ventures' value examination focuses on studying past and present price action to predict the probability of Angus Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Angus Ventures' price. Additionally, you may evaluate how the addition of Angus Ventures to your portfolios can decrease your overall portfolio volatility.