Volcanic Gold Mines Stock Market Value
| VG Stock | CAD 0.09 0.01 5.56% |
| Symbol | Volcanic |
Volcanic Gold Mines Price To Book Ratio
Volcanic 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 Volcanic Gold's 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 Volcanic Gold.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Volcanic Gold on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Volcanic Gold Mines or generate 0.0% return on investment in Volcanic Gold over 60 days. Volcanic Gold is related to or competes with Q Gold, and Goldbank Mining. Volcanic Gold Mines Inc. engages in the acquisition and exploration of mineral properties More
Volcanic 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 Volcanic Gold's 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 Volcanic Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.47 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Volcanic Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volcanic Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volcanic Gold's standard deviation. In reality, there are many statistical measures that can use Volcanic Gold historical prices to predict the future Volcanic Gold's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.8708 | |||
| Total Risk Alpha | 0.5143 | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | (0.31) |
Volcanic Gold Mines Backtested Returns
Volcanic Gold appears to be out of control, given 3 months investment horizon. Volcanic Gold Mines owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0777, which indicates the firm had a 0.0777% return per unit of risk over the last 3 months. By inspecting Volcanic Gold's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please review Volcanic Gold's Semi Deviation of 6.53, coefficient of variation of 1296.4, and Risk Adjusted Performance of 0.0704 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Volcanic Gold holds a performance score of 6. The entity has a beta of -2.6, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Volcanic Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Volcanic Gold is expected to outperform it. Please check Volcanic Gold's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Volcanic Gold's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Volcanic Gold Mines has good reverse predictability. Overlapping area represents the amount of predictability between Volcanic Gold time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Volcanic Gold Mines price movement. The serial correlation of -0.53 indicates that about 53.0% of current Volcanic Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Volcanic Gold Mines lagged returns against current returns
Autocorrelation, which is Volcanic Gold 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 Volcanic Gold's stock expected returns. We can calculate the autocorrelation of Volcanic Gold returns to help us make a trade decision. For example, suppose you find that Volcanic Gold has exhibited high autocorrelation historically, and you observe that the 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 |
Volcanic 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 Volcanic Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volcanic Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Volcanic Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Volcanic Gold Lagged Returns
When evaluating Volcanic Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volcanic Gold stock have on its future price. Volcanic 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, Volcanic Gold autocorrelation shows the relationship between Volcanic Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Volcanic Gold Mines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Volcanic Stock Analysis
When running Volcanic Gold's price analysis, check to measure Volcanic Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to predict the probability of Volcanic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.