Provenance Gold Corp Stock Market Value
| PVGDF Stock | USD 0.20 0.02 11.11% |
| Symbol | Provenance |
Provenance 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 Provenance 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 Provenance Gold.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Provenance Gold on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Provenance Gold Corp or generate 0.0% return on investment in Provenance Gold over 30 days. Provenance Gold is related to or competes with Chesapeake Gold, Endeavour Silver, McEwen Mining, SilverCrest Metals, Avino Silver, and Compania. Provenance Gold Corp., a junior exploration company, engages in the identification, acquisition, and exploration of mine... More
Provenance 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 Provenance 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 Provenance Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.57 | |||
| Information Ratio | 0.1175 | |||
| Maximum Drawdown | 40.95 | |||
| Value At Risk | (11.54) | |||
| Potential Upside | 16.67 |
Provenance Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Provenance Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Provenance Gold's standard deviation. In reality, there are many statistical measures that can use Provenance Gold historical prices to predict the future Provenance Gold's volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 0.9635 | |||
| Total Risk Alpha | 0.9682 | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | 0.5388 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Provenance 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.
Provenance Gold Corp Backtested Returns
Provenance Gold appears to be out of control, given 3 months investment horizon. Provenance Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0826, which implies the firm had a 0.0826% return per unit of risk over the last 3 months. By analyzing Provenance Gold's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate Provenance Gold's Coefficient Of Variation of 842.48, semi deviation of 5.54, and Risk Adjusted Performance of 0.1046 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Provenance Gold holds a performance score of 6. The company holds a Beta of 1.79, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Provenance Gold will likely underperform. Please check Provenance Gold's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Provenance Gold's historical price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Provenance Gold Corp has good reverse predictability. Overlapping area represents the amount of predictability between Provenance Gold time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 Provenance Gold Corp price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Provenance Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Provenance Gold Corp lagged returns against current returns
Autocorrelation, which is Provenance 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 Provenance Gold's otc stock expected returns. We can calculate the autocorrelation of Provenance Gold returns to help us make a trade decision. For example, suppose you find that Provenance 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 |
Provenance 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 Provenance Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Provenance 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 Provenance Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Provenance Gold Lagged Returns
When evaluating Provenance Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Provenance Gold otc stock have on its future price. Provenance 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, Provenance Gold autocorrelation shows the relationship between Provenance Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Provenance Gold Corp.
Regressed Prices |
| Timeline |
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Other Information on Investing in Provenance OTC Stock
Provenance Gold financial ratios help investors to determine whether Provenance 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 Provenance with respect to the benefits of owning Provenance Gold security.