Wesdome Gold Mines Stock Market Value
| WDOFF Stock | USD 11.04 0.02 0.18% |
| Symbol | Wesdome |
Wesdome 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 Wesdome 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 Wesdome Gold.
| 12/22/2024 |
| 03/22/2025 |
If you would invest 0.00 in Wesdome Gold on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Wesdome Gold Mines or generate 0.0% return on investment in Wesdome Gold over 90 days. Wesdome Gold is related to or competes with Victoria Gold, Cassiar Gold, Liberty Gold, I 80, K92 Mining, Equinox Gold, and Contango ORE. Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada More
Wesdome 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 Wesdome 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 Wesdome Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.2135 | |||
| Maximum Drawdown | 10.27 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.79 |
Wesdome Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesdome Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesdome Gold's standard deviation. In reality, there are many statistical measures that can use Wesdome Gold historical prices to predict the future Wesdome Gold's volatility.| Risk Adjusted Performance | 0.1721 | |||
| Jensen Alpha | 0.3683 | |||
| Total Risk Alpha | 0.568 | |||
| Sortino Ratio | 0.1877 | |||
| Treynor Ratio | (0.82) |
Wesdome Gold Mines Backtested Returns
Wesdome Gold appears to be not too volatile, given 3 months investment horizon. Wesdome Gold Mines shows Sharpe Ratio of 0.19, which attests that the company had a 0.19 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Wesdome Gold Mines, which you can use to evaluate the volatility of the company. Please utilize Wesdome Gold's Downside Deviation of 2.5, mean deviation of 1.76, and Market Risk Adjusted Performance of (0.81) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wesdome Gold holds a performance score of 14. The firm maintains a market beta of -0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wesdome Gold are expected to decrease at a much lower rate. During the bear market, Wesdome Gold is likely to outperform the market. Please check Wesdome Gold's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Wesdome Gold's historical returns will revert.
Auto-correlation | 0.69 |
Good predictability
Wesdome Gold Mines has good predictability. Overlapping area represents the amount of predictability between Wesdome Gold time series from 22nd of December 2024 to 5th of February 2025 and 5th of February 2025 to 22nd of March 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 Wesdome Gold Mines price movement. The serial correlation of 0.69 indicates that around 69.0% of current Wesdome Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Wesdome Gold Mines lagged returns against current returns
Autocorrelation, which is Wesdome 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 Wesdome Gold's otc stock expected returns. We can calculate the autocorrelation of Wesdome Gold returns to help us make a trade decision. For example, suppose you find that Wesdome 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 |
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Wesdome 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 Wesdome Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesdome 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 Wesdome Gold otc stock over time.
Current vs Lagged Prices |
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Wesdome Gold Lagged Returns
When evaluating Wesdome Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesdome Gold otc stock have on its future price. Wesdome 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, Wesdome Gold autocorrelation shows the relationship between Wesdome Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Wesdome Gold Mines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wesdome OTC Stock
Wesdome Gold financial ratios help investors to determine whether Wesdome 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 Wesdome with respect to the benefits of owning Wesdome Gold security.