StrikePoint Gold (Germany) Market Value
| NK6N Stock | EUR 0.1 0 1.55% |
| Symbol | StrikePoint |
StrikePoint 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 StrikePoint 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 StrikePoint Gold.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in StrikePoint Gold on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding StrikePoint Gold or generate 0.0% return on investment in StrikePoint Gold over 30 days. StrikePoint Gold is related to or competes with American Lithium, ADRIATIC METALS, Superior Plus, SIVERS SEMICONDUCTORS, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. StrikePoint Gold Inc., an exploration-stage Company, engages in the acquisition, exploration, and development of mineral... More
StrikePoint 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 StrikePoint 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 StrikePoint Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 70.84 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 16.67 |
StrikePoint Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for StrikePoint Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as StrikePoint Gold's standard deviation. In reality, there are many statistical measures that can use StrikePoint Gold historical prices to predict the future StrikePoint Gold's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (1.54) | |||
| Treynor Ratio | (0.75) |
StrikePoint Gold Backtested Returns
StrikePoint Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0157, which indicates the firm had a -0.0157% return per unit of risk over the last 3 months. StrikePoint Gold exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate StrikePoint Gold's Coefficient Of Variation of (6,462), variance of 119.89, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, StrikePoint Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding StrikePoint Gold is expected to be smaller as well. At this point, StrikePoint Gold has a negative expected return of -0.17%. Please make sure to validate StrikePoint Gold's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if StrikePoint Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
StrikePoint Gold has good predictability. Overlapping area represents the amount of predictability between StrikePoint Gold time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 StrikePoint Gold price movement. The serial correlation of 0.71 indicates that around 71.0% of current StrikePoint Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
StrikePoint Gold lagged returns against current returns
Autocorrelation, which is StrikePoint 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 StrikePoint Gold's stock expected returns. We can calculate the autocorrelation of StrikePoint Gold returns to help us make a trade decision. For example, suppose you find that StrikePoint 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 |
StrikePoint 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 StrikePoint Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if StrikePoint Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in StrikePoint Gold stock over time.
Current vs Lagged Prices |
| Timeline |
StrikePoint Gold Lagged Returns
When evaluating StrikePoint Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of StrikePoint Gold stock have on its future price. StrikePoint 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, StrikePoint Gold autocorrelation shows the relationship between StrikePoint Gold stock current value and its past values and can show if there is a momentum factor associated with investing in StrikePoint Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in StrikePoint Stock
StrikePoint Gold financial ratios help investors to determine whether StrikePoint 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 StrikePoint with respect to the benefits of owning StrikePoint Gold security.