SolGold Plc's market value is the price at which a share of SolGold Plc trades on a public exchange. It measures the collective expectations of SolGold Plc investors about its performance. SolGold Plc is trading at 0.09 as of the 10th of January 2025. This is a 5.26 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.09. With this module, you can estimate the performance of a buy and hold strategy of SolGold Plc and determine expected loss or profit from investing in SolGold Plc over a given investment horizon. Check out SolGold Plc Correlation, SolGold Plc Volatility and SolGold Plc Alpha and Beta module to complement your research on SolGold Plc.
Please note, there is a significant difference between SolGold Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if SolGold Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SolGold Plc'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.
SolGold Plc '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 SolGold Plc's pink sheet 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 SolGold Plc.
0.00
12/11/2024
No Change 0.00
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In 30 days
01/10/2025
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If you would invest 0.00 in SolGold Plc on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding SolGold Plc or generate 0.0% return on investment in SolGold Plc over 30 days. SolGold Plc is related to or competes with Freegold Ventures, and Adriatic Metals. SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Aus... More
SolGold Plc 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 SolGold Plc's pink sheet 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 SolGold Plc upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolGold Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolGold Plc's standard deviation. In reality, there are many statistical measures that can use SolGold Plc historical prices to predict the future SolGold Plc's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SolGold Plc. Your research has to be compared to or analyzed against SolGold Plc's peers to derive any actionable benefits. When done correctly, SolGold Plc'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 SolGold Plc.
SolGold Plc Backtested Returns
SolGold Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0269, which indicates the firm had a -0.0269% return per unit of risk over the last 3 months. SolGold Plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SolGold Plc's Risk Adjusted Performance of (0.03), coefficient of variation of (1,831), and Variance of 53.61 to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SolGold Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding SolGold Plc is expected to be smaller as well. At this point, SolGold Plc has a negative expected return of -0.2%. Please make sure to validate SolGold Plc's maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if SolGold Plc performance from the past will be repeated at some point in the near future.
Auto-correlation
0.04
Virtually no predictability
SolGold Plc has virtually no predictability. Overlapping area represents the amount of predictability between SolGold Plc time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 SolGold Plc price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current SolGold Plc price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.48
Residual Average
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Price Variance
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SolGold Plc lagged returns against current returns
Autocorrelation, which is SolGold Plc pink sheet'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 SolGold Plc's pink sheet expected returns. We can calculate the autocorrelation of SolGold Plc returns to help us make a trade decision. For example, suppose you find that SolGold Plc has exhibited high autocorrelation historically, and you observe that the pink sheet 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
SolGold Plc 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 SolGold Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolGold Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolGold Plc pink sheet over time.
Current vs Lagged Prices
Timeline
SolGold Plc Lagged Returns
When evaluating SolGold Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolGold Plc pink sheet have on its future price. SolGold Plc 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, SolGold Plc autocorrelation shows the relationship between SolGold Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SolGold Plc.
Other Information on Investing in SolGold Pink Sheet
SolGold Plc financial ratios help investors to determine whether SolGold Pink Sheet 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 SolGold with respect to the benefits of owning SolGold Plc security.