Liberty Gold Corp Stock Market Value
| LGD Stock | CAD 0.35 0.01 2.78% |
| Symbol | Liberty |
Liberty Gold Corp Price To Book Ratio
Liberty 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 Liberty 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 Liberty Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Liberty Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Liberty Gold Corp or generate 0.0% return on investment in Liberty Gold over 90 days. Liberty Gold is related to or competes with GoGold Resources, Aurion Resources, Minaurum Gold, and Defiance Silver. Liberty Gold Corp. engages in the acquisition, exploration, and development of mineral properties primarily in the Unite... More
Liberty 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 Liberty 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 Liberty Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.49 | |||
| Information Ratio | 0.1306 | |||
| Maximum Drawdown | 18.62 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 7.14 |
Liberty Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liberty Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liberty Gold's standard deviation. In reality, there are many statistical measures that can use Liberty Gold historical prices to predict the future Liberty Gold's volatility.| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.357 | |||
| Total Risk Alpha | 0.8931 | |||
| Sortino Ratio | 0.1138 | |||
| Treynor Ratio | (0.96) |
Liberty Gold Corp Backtested Returns
Liberty Gold appears to be out of control, given 3 months investment horizon. Liberty Gold Corp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Liberty Gold, which you can use to evaluate the volatility of the firm. Please exercise Liberty Gold's Mean Deviation of 2.75, risk adjusted performance of 0.0995, and Downside Deviation of 4.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Liberty Gold holds a performance score of 8. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Liberty Gold are expected to decrease at a much lower rate. During the bear market, Liberty Gold is likely to outperform the market. Please check Liberty Gold's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Liberty Gold's current price movements will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Liberty Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Liberty Gold time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Liberty Gold Corp price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Liberty Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Liberty Gold Corp lagged returns against current returns
Autocorrelation, which is Liberty 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 Liberty Gold's stock expected returns. We can calculate the autocorrelation of Liberty Gold returns to help us make a trade decision. For example, suppose you find that Liberty 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 |
Liberty 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 Liberty Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liberty Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liberty Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Liberty Gold Lagged Returns
When evaluating Liberty Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liberty Gold stock have on its future price. Liberty 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, Liberty Gold autocorrelation shows the relationship between Liberty Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Liberty Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Liberty Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Liberty Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Liberty Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Liberty Stock
Moving against Liberty Stock
| 0.81 | CCL-A | CCL Industries | PairCorr |
| 0.65 | IE | Ivanhoe Energy | PairCorr |
| 0.65 | RCI-A | Rogers Communications | PairCorr |
| 0.39 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Liberty Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liberty Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Liberty Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Liberty Gold Corp to buy it.
The correlation of Liberty Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Liberty Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Liberty Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Liberty Stock
Liberty Gold financial ratios help investors to determine whether Liberty Stock 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 Liberty with respect to the benefits of owning Liberty Gold security.