Outcrop Gold Corp Stock Market Value
| OCGSF Stock | USD 0.16 0.01 6.67% |
| Symbol | Outcrop |
Outcrop 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 Outcrop 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 Outcrop Gold.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Outcrop Gold on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Outcrop Gold Corp or generate 0.0% return on investment in Outcrop Gold over 210 days. Outcrop Gold is related to or competes with Capitan Mining, Equity Metals, Sierra Madre, Silver Wolf, Western Alaska, Summa Silver, and GoGold Resources. Outcrop Silver Gold Corporation engages in the acquisition and exploration of mineral properties in Colombia More
Outcrop 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 Outcrop 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 Outcrop Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 10.0 |
Outcrop Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outcrop Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outcrop Gold's standard deviation. In reality, there are many statistical measures that can use Outcrop Gold historical prices to predict the future Outcrop Gold's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.1586 | |||
| Total Risk Alpha | (0.86) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 1.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Outcrop 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.
Outcrop Gold Corp Backtested Returns
Outcrop Gold appears to be out of control, given 3 months investment horizon. Outcrop Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0465, which implies the firm had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Outcrop Gold Corp, which you can use to evaluate the volatility of the company. Please evaluate Outcrop Gold's Semi Deviation of 4.8, coefficient of variation of 3315.26, and Risk Adjusted Performance of 0.0318 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Outcrop Gold holds a performance score of 3. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Outcrop Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Outcrop Gold is expected to be smaller as well. Please check Outcrop Gold's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Outcrop Gold's historical price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Outcrop Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Outcrop Gold time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Outcrop Gold Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Outcrop Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Outcrop Gold Corp lagged returns against current returns
Autocorrelation, which is Outcrop 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 Outcrop Gold's otc stock expected returns. We can calculate the autocorrelation of Outcrop Gold returns to help us make a trade decision. For example, suppose you find that Outcrop 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 |
Outcrop 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 Outcrop Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outcrop 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 Outcrop Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Outcrop Gold Lagged Returns
When evaluating Outcrop Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outcrop Gold otc stock have on its future price. Outcrop 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, Outcrop Gold autocorrelation shows the relationship between Outcrop Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Outcrop Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Outcrop OTC Stock
Outcrop Gold financial ratios help investors to determine whether Outcrop 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 Outcrop with respect to the benefits of owning Outcrop Gold security.