Montage Gold Corp Stock Market Value
| MAU Stock | 2.46 0.09 3.80% |
| Symbol | Montage |
Montage Gold Corp Price To Book Ratio
Montage 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 Montage 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 Montage Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Montage Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Montage Gold Corp or generate 0.0% return on investment in Montage Gold over 90 days. Montage Gold is related to or competes with Newcore Gold, Revival Gold, Integra Resources, and Lion One. Mexigold Corporation does not have significant operations. More
Montage 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 Montage 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 Montage Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.1274 | |||
| Maximum Drawdown | 12.58 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 5.73 |
Montage Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Montage Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Montage Gold's standard deviation. In reality, there are many statistical measures that can use Montage Gold historical prices to predict the future Montage Gold's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.225 | |||
| Total Risk Alpha | 0.5428 | |||
| Sortino Ratio | 0.1454 | |||
| Treynor Ratio | 4.53 |
Montage Gold Corp Backtested Returns
Montage Gold appears to be unstable, given 3 months investment horizon. Montage Gold Corp has Sharpe Ratio of 0.0969, which conveys that the firm had a 0.0969 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Montage Gold, which you can use to evaluate the volatility of the firm. Please exercise Montage Gold's Downside Deviation of 2.26, risk adjusted performance of 0.0842, and Mean Deviation of 1.96 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Montage Gold holds a performance score of 7. The company secures a Beta (Market Risk) of 0.0485, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Montage Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Montage Gold is expected to be smaller as well. Please check Montage Gold's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Montage Gold's current price movements will revert.
Auto-correlation | 0.37 |
Below average predictability
Montage Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Montage 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 Montage Gold Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Montage Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Montage Gold Corp lagged returns against current returns
Autocorrelation, which is Montage 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 Montage Gold's stock expected returns. We can calculate the autocorrelation of Montage Gold returns to help us make a trade decision. For example, suppose you find that Montage 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 |
Montage 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 Montage Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Montage Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Montage Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Montage Gold Lagged Returns
When evaluating Montage Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Montage Gold stock have on its future price. Montage 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, Montage Gold autocorrelation shows the relationship between Montage Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Montage Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Montage Stock Analysis
When running Montage Gold's price analysis, check to measure Montage 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 Montage Gold is operating at the current time. Most of Montage Gold's value examination focuses on studying past and present price action to predict the probability of Montage 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 Montage Gold's price. Additionally, you may evaluate how the addition of Montage Gold to your portfolios can decrease your overall portfolio volatility.