Handeni Gold Stock Market Value
| HNDI Stock | USD 0.0002 0.0001 100.00% |
| Symbol | Handeni |
Handeni 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 Handeni Gold'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 Handeni Gold.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Handeni Gold on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Handeni Gold or generate 0.0% return on investment in Handeni Gold over 180 days. Handeni Gold is related to or competes with Lion One, Wesdome Gold, Gold Reserve, Osisko Gold, and I 80. Handeni Gold Inc., a gold exploration company, explores for and develops mineral properties in the United Republic of Ta... More
Handeni 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 Handeni Gold'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 Handeni Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1205 | |||
| Maximum Drawdown | 100.0 |
Handeni Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Handeni Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Handeni Gold's standard deviation. In reality, there are many statistical measures that can use Handeni Gold historical prices to predict the future Handeni Gold's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 1.44 | |||
| Total Risk Alpha | 1.16 | |||
| Treynor Ratio | 0.5435 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Handeni 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.
Handeni Gold Backtested Returns
Handeni Gold is out of control given 3 months investment horizon. Handeni Gold holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We were able to break down nineteen different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use Handeni Gold Market Risk Adjusted Performance of 0.5535, risk adjusted performance of 0.1075, and Standard Deviation of 12.31 to evaluate company specific risk that cannot be diversified away. Handeni Gold holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.77, which attests to 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, Handeni Gold will likely underperform. Use Handeni Gold variance, skewness, as well as the relationship between the Skewness and day median price , to analyze future returns on Handeni Gold.
Auto-correlation | 0.00 |
No correlation between past and present
Handeni Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Handeni Gold time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Handeni Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Handeni Gold 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 |
Handeni Gold lagged returns against current returns
Autocorrelation, which is Handeni Gold 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 Handeni Gold's pink sheet expected returns. We can calculate the autocorrelation of Handeni Gold returns to help us make a trade decision. For example, suppose you find that Handeni Gold 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 |
Handeni 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 Handeni Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Handeni Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Handeni Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Handeni Gold Lagged Returns
When evaluating Handeni Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Handeni Gold pink sheet have on its future price. Handeni 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, Handeni Gold autocorrelation shows the relationship between Handeni Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Handeni Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Handeni Pink Sheet
Handeni Gold financial ratios help investors to determine whether Handeni 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 Handeni with respect to the benefits of owning Handeni Gold security.