Mexican Gold Mining Stock Market Value

MEXGF Stock  USD 0.02  0.00  0.00%   
Mexican Gold's market value is the price at which a share of Mexican Gold trades on a public exchange. It measures the collective expectations of Mexican Gold Mining investors about its performance. Mexican Gold is trading at 0.0211 as of the 8th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.0211.
With this module, you can estimate the performance of a buy and hold strategy of Mexican Gold Mining and determine expected loss or profit from investing in Mexican Gold over a given investment horizon. Check out Mexican Gold Correlation, Mexican Gold Volatility and Mexican Gold Alpha and Beta module to complement your research on Mexican Gold.
Symbol

Please note, there is a significant difference between Mexican Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mexican Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mexican Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mexican 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 Mexican 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 Mexican Gold.
0.00
11/08/2024
No Change 0.00  0.0 
In 31 days
12/08/2024
0.00
If you would invest  0.00  in Mexican Gold on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Mexican Gold Mining or generate 0.0% return on investment in Mexican Gold over 30 days. Mexican Gold is related to or competes with Silver Wolf, Provenance Gold, Libero Copper, McEwen Mining, Hecla Mining, and Mirasol Resources. Mexican Gold Mining Corp. engages in the acquisition, exploration, and evaluation of resource properties More

Mexican 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 Mexican 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 Mexican Gold Mining upside and downside potential and time the market with a certain degree of confidence.

Mexican Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mexican Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mexican Gold's standard deviation. In reality, there are many statistical measures that can use Mexican Gold historical prices to predict the future Mexican Gold's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0211.23
Details
Intrinsic
Valuation
LowRealHigh
0.000.0211.23
Details
Naive
Forecast
LowNextHigh
0.00060.0311.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.010.030.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mexican Gold. Your research has to be compared to or analyzed against Mexican Gold's peers to derive any actionable benefits. When done correctly, Mexican Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mexican Gold Mining.

Mexican Gold Mining Backtested Returns

Mexican Gold Mining has Sharpe Ratio of -0.0556, which conveys that the firm had a -0.0556% return per unit of risk over the last 3 months. Mexican Gold exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mexican Gold's Mean Deviation of 4.38, standard deviation of 11.21, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0876, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mexican Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mexican Gold is expected to be smaller as well. At this point, Mexican Gold Mining has a negative expected return of -0.62%. Please make sure to verify Mexican Gold's standard deviation and the relationship between the total risk alpha and relative strength index , to decide if Mexican Gold Mining performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.68  

Very good reverse predictability

Mexican Gold Mining has very good reverse predictability. Overlapping area represents the amount of predictability between Mexican Gold time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th 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 Mexican Gold Mining price movement. The serial correlation of -0.68 indicates that around 68.0% of current Mexican Gold price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.92
Residual Average0.0
Price Variance0.0

Mexican Gold Mining lagged returns against current returns

Autocorrelation, which is Mexican 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 Mexican Gold's otc stock expected returns. We can calculate the autocorrelation of Mexican Gold returns to help us make a trade decision. For example, suppose you find that Mexican 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  

Mexican 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 Mexican Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mexican 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 Mexican Gold otc stock over time.
   Current vs Lagged Prices   
       Timeline  

Mexican Gold Lagged Returns

When evaluating Mexican Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mexican Gold otc stock have on its future price. Mexican 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, Mexican Gold autocorrelation shows the relationship between Mexican Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Mexican Gold Mining.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Mexican OTC Stock

Mexican Gold financial ratios help investors to determine whether Mexican 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 Mexican with respect to the benefits of owning Mexican Gold security.