Lode Gold Resources Stock Market Value
| LOD Stock | 0.24 0.02 9.09% |
| Symbol | Lode |
Lode 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 Lode 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 Lode Gold.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Lode Gold on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Lode Gold Resources or generate 0.0% return on investment in Lode Gold over 30 days. Lode Gold is related to or competes with Bank of Nova Scotia, IA Financial, Olympia Financial, Royal Bank, and Income Financial. Lode Gold is entity of Canada. It is traded as Stock on V exchange. More
Lode 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 Lode 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 Lode Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.44 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 20.0 |
Lode Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lode Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lode Gold's standard deviation. In reality, there are many statistical measures that can use Lode Gold historical prices to predict the future Lode Gold's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.8499 | |||
| Total Risk Alpha | 0.4975 | |||
| Sortino Ratio | 0.0553 | |||
| Treynor Ratio | (0.16) |
Lode Gold Resources Backtested Returns
Lode Gold appears to be out of control, given 3 months investment horizon. Lode Gold Resources has Sharpe Ratio of 0.0797, which conveys that the firm had a 0.0797% return per unit of risk over the last 3 months. By analyzing Lode Gold's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please exercise Lode Gold's Downside Deviation of 13.44, risk adjusted performance of 0.0621, and Mean Deviation of 6.33 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lode Gold holds a performance score of 6. The company secures a Beta (Market Risk) of -4.89, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Lode Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Lode Gold is expected to outperform it. Please check Lode Gold's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Lode Gold's current price movements will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Lode Gold Resources has insignificant predictability. Overlapping area represents the amount of predictability between Lode Gold time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Lode Gold Resources price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Lode Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lode Gold Resources lagged returns against current returns
Autocorrelation, which is Lode 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 Lode Gold's stock expected returns. We can calculate the autocorrelation of Lode Gold returns to help us make a trade decision. For example, suppose you find that Lode 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 |
Lode 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 Lode Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lode Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lode Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Lode Gold Lagged Returns
When evaluating Lode Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lode Gold stock have on its future price. Lode 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, Lode Gold autocorrelation shows the relationship between Lode Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Lode Gold Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Lode Stock Analysis
When running Lode Gold's price analysis, check to measure Lode 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 Lode Gold is operating at the current time. Most of Lode Gold's value examination focuses on studying past and present price action to predict the probability of Lode 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 Lode Gold's price. Additionally, you may evaluate how the addition of Lode Gold to your portfolios can decrease your overall portfolio volatility.