Tonogold Resources Stock Market Value
| TNGL Stock | USD 0.02 0 14.29% |
| Symbol | Tonogold |
Tonogold Resources '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 Tonogold Resources' 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 Tonogold Resources.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Tonogold Resources on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Tonogold Resources or generate 0.0% return on investment in Tonogold Resources over 30 days. Tonogold Resources is related to or competes with Newmont Goldcorp, Zijin Mining, Agnico Eagle, Barrick Gold, Wheaton Precious, and Gold Fields. Tonogold Resources, Inc., a junior mining company, focuses on developing and maintaining mining leases on properties in ... More
Tonogold Resources 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 Tonogold Resources' 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 Tonogold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.4 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 79.0 | |||
| Value At Risk | (25.50) | |||
| Potential Upside | 24.2 |
Tonogold Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tonogold Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tonogold Resources' standard deviation. In reality, there are many statistical measures that can use Tonogold Resources historical prices to predict the future Tonogold Resources' volatility.| Risk Adjusted Performance | 0.049 | |||
| Jensen Alpha | 0.7462 | |||
| Total Risk Alpha | 0.4958 | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | (0.43) |
Tonogold Resources Backtested Returns
Tonogold Resources is out of control given 3 months investment horizon. Tonogold Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.08, which indicates the firm had a 0.08% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.2% are justified by taking the suggested risk. Use Tonogold Resources Risk Adjusted Performance of 0.049, semi deviation of 11.65, and Coefficient Of Variation of 2053.43 to evaluate company specific risk that cannot be diversified away. Tonogold Resources holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of -1.68, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tonogold Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Tonogold Resources is expected to outperform it. Use Tonogold Resources value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Tonogold Resources.
Auto-correlation | -0.07 |
Very weak reverse predictability
Tonogold Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Tonogold Resources time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Tonogold Resources price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Tonogold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tonogold Resources lagged returns against current returns
Autocorrelation, which is Tonogold Resources 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 Tonogold Resources' pink sheet expected returns. We can calculate the autocorrelation of Tonogold Resources returns to help us make a trade decision. For example, suppose you find that Tonogold Resources 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 |
Tonogold Resources 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 Tonogold Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tonogold Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tonogold Resources pink sheet over time.
Current vs Lagged Prices |
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Tonogold Resources Lagged Returns
When evaluating Tonogold Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tonogold Resources pink sheet have on its future price. Tonogold Resources 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, Tonogold Resources autocorrelation shows the relationship between Tonogold Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tonogold Resources.
Regressed Prices |
| Timeline |
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Tonogold Resources financial ratios help investors to determine whether Tonogold 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 Tonogold with respect to the benefits of owning Tonogold Resources security.