Spanish Mountain's market value is the price at which a share of Spanish Mountain trades on a public exchange. It measures the collective expectations of Spanish Mountain Gold investors about its performance. Spanish Mountain is trading at 0.07 as of the 6th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.07. With this module, you can estimate the performance of a buy and hold strategy of Spanish Mountain Gold and determine expected loss or profit from investing in Spanish Mountain over a given investment horizon. Check out Spanish Mountain Correlation, Spanish Mountain Volatility and Spanish Mountain Alpha and Beta module to complement your research on Spanish Mountain.
Please note, there is a significant difference between Spanish Mountain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spanish Mountain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spanish Mountain'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.
Spanish Mountain '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 Spanish Mountain'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 Spanish Mountain.
0.00
12/07/2024
No Change 0.00
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In 30 days
01/06/2025
0.00
If you would invest 0.00 in Spanish Mountain on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Spanish Mountain Gold or generate 0.0% return on investment in Spanish Mountain over 30 days. Spanish Mountain is related to or competes with Tudor Gold, West Red, Soma Gold, Grande Portage, International Tower, US Gold, and Fortuna Silver. Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and developm... More
Spanish Mountain 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 Spanish Mountain'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 Spanish Mountain Gold 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 Spanish Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spanish Mountain's standard deviation. In reality, there are many statistical measures that can use Spanish Mountain historical prices to predict the future Spanish Mountain's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Spanish Mountain. Your research has to be compared to or analyzed against Spanish Mountain's peers to derive any actionable benefits. When done correctly, Spanish Mountain'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 Spanish Mountain Gold.
Spanish Mountain Gold Backtested Returns
Spanish Mountain Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Spanish Mountain Gold exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spanish Mountain's Variance of 34.02, risk adjusted performance of (0.08), and Coefficient Of Variation of (909.19) to confirm the risk estimate we provide. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Spanish Mountain are expected to decrease at a much lower rate. During the bear market, Spanish Mountain is likely to outperform the market. At this point, Spanish Mountain Gold has a negative expected return of -0.68%. Please make sure to validate Spanish Mountain's mean deviation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to decide if Spanish Mountain Gold performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
Spanish Mountain Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Spanish Mountain time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Spanish Mountain Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spanish Mountain price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.62
Residual Average
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Price Variance
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Spanish Mountain Gold lagged returns against current returns
Autocorrelation, which is Spanish Mountain 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 Spanish Mountain's pink sheet expected returns. We can calculate the autocorrelation of Spanish Mountain returns to help us make a trade decision. For example, suppose you find that Spanish Mountain 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
Spanish Mountain 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 Spanish Mountain pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spanish Mountain pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spanish Mountain pink sheet over time.
Current vs Lagged Prices
Timeline
Spanish Mountain Lagged Returns
When evaluating Spanish Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spanish Mountain pink sheet have on its future price. Spanish Mountain 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, Spanish Mountain autocorrelation shows the relationship between Spanish Mountain pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spanish Mountain Gold.
Other Information on Investing in Spanish Pink Sheet
Spanish Mountain financial ratios help investors to determine whether Spanish 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 Spanish with respect to the benefits of owning Spanish Mountain security.