Austral Gold Limited Stock Market Value
| AGLDF Stock | USD 0.02 0.01 110.20% |
| Symbol | Austral |
Austral 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 Austral Gold'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 Austral Gold.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Austral Gold on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Austral Gold Limited or generate 0.0% return on investment in Austral Gold over 720 days. Austral Gold is related to or competes with Gold79 Mines, American Clean, Arras Minerals, and American Creek. Austral Gold Limited, together with its subsidiaries, engages in the exploration and development of gold and silver depo... More
Austral 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 Austral Gold'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 Austral Gold Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 43.04 | |||
| Information Ratio | 0.1708 | |||
| Maximum Drawdown | 278.56 | |||
| Value At Risk | (43.66) | |||
| Potential Upside | 100.0 |
Austral Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austral Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austral Gold's standard deviation. In reality, there are many statistical measures that can use Austral Gold historical prices to predict the future Austral Gold's volatility.| Risk Adjusted Performance | 0.1428 | |||
| Jensen Alpha | 5.49 | |||
| Total Risk Alpha | 0.2927 | |||
| Sortino Ratio | 0.1708 | |||
| Treynor Ratio | 0.4798 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Austral Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Austral Gold Limited Backtested Returns
Austral Gold is out of control given 3 months investment horizon. Austral Gold Limited secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.07% are justified by taking the suggested risk. Use Austral Gold Downside Deviation of 43.04, risk adjusted performance of 0.1428, and Mean Deviation of 23.36 to evaluate company specific risk that cannot be diversified away. Austral Gold holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 15.59, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Austral Gold will likely underperform. Use Austral Gold semi variance, day median price, and the relationship between the value at risk and kurtosis , to analyze future returns on Austral Gold.
Auto-correlation | 0.02 |
Virtually no predictability
Austral Gold Limited has virtually no predictability. Overlapping area represents the amount of predictability between Austral Gold time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Austral Gold Limited price movement. The serial correlation of 0.02 indicates that only 2.0% of current Austral Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Austral Gold Limited lagged returns against current returns
Autocorrelation, which is Austral Gold 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 Austral Gold's pink sheet expected returns. We can calculate the autocorrelation of Austral Gold returns to help us make a trade decision. For example, suppose you find that Austral Gold 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 |
Austral 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 Austral Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austral Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austral Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Austral Gold Lagged Returns
When evaluating Austral Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austral Gold pink sheet have on its future price. Austral 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, Austral Gold autocorrelation shows the relationship between Austral Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Austral Gold Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Austral Pink Sheet
Austral Gold financial ratios help investors to determine whether Austral 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 Austral with respect to the benefits of owning Austral Gold security.