Montage Gold Corp Stock Market Value
| MAUTF Stock | USD 1.54 0.04 2.67% |
| Symbol | Montage |
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 otc 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.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Montage Gold on December 24, 2022 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 720 days. Montage Gold is related to or competes with Cabral Gold, Independence Gold, Fosterville South, Heliostar Metals, Revival Gold, Cassiar Gold, and Almadex Minerals. Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of... 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 otc 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 | 2.88 | |||
| Information Ratio | 0.0677 | |||
| Maximum Drawdown | 19.41 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 4.38 |
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 | 0.0844 | |||
| Jensen Alpha | 0.2878 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.069 | |||
| Treynor Ratio | 2.42 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Montage 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.
Montage Gold Corp Backtested Returns
Montage Gold appears to be very risky, given 3 months investment horizon. Montage Gold Corp has Sharpe Ratio of 0.091, which conveys that the firm had a 0.091% 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 Risk Adjusted Performance of 0.0844, downside deviation of 2.88, and Mean Deviation of 2.12 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 0.12, 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 expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Montage Gold's current price movements will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
Montage Gold Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Montage Gold time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Montage Gold Corp price movement. The serial correlation of -0.49 indicates that about 49.0% of current Montage Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Montage Gold Corp lagged returns against current returns
Autocorrelation, which is Montage Gold otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Montage Gold otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Montage OTC Stock
Montage Gold financial ratios help investors to determine whether Montage OTC 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 Montage with respect to the benefits of owning Montage Gold security.