Angus Gold Stock Market Value
| ANGVF Stock | USD 0.29 0.03 11.54% |
| Symbol | Angus |
Angus 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 Angus 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 Angus Gold.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Angus Gold on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Angus Gold or generate 0.0% return on investment in Angus Gold over 30 days. Angus Gold is related to or competes with Aurion Resources, Rio2, and Grande Portage. Angus Gold Inc., a gold exploration company, focuses on the acquisition, exploration, and development of mineral propert... More
Angus 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 Angus 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 Angus Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (13.95) | |||
| Potential Upside | 11.54 |
Angus Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Angus Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Angus Gold's standard deviation. In reality, there are many statistical measures that can use Angus Gold historical prices to predict the future Angus Gold's volatility.| Risk Adjusted Performance | 0.0089 | |||
| Jensen Alpha | 0.1202 | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 0.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Angus 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.
Angus Gold Backtested Returns
Angus Gold secures Sharpe Ratio (or Efficiency) of -0.0168, which signifies that the company had a -0.0168% return per unit of standard deviation over the last 3 months. Angus Gold exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Angus Gold's risk adjusted performance of 0.0089, and Mean Deviation of 4.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.02, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Angus Gold are expected to decrease slowly. On the other hand, during market turmoil, Angus Gold is expected to outperform it slightly. At this point, Angus Gold has a negative expected return of -0.11%. Please make sure to confirm Angus Gold's information ratio and the relationship between the potential upside and period momentum indicator , to decide if Angus Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Angus Gold has good predictability. Overlapping area represents the amount of predictability between Angus Gold time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Angus Gold price movement. The serial correlation of 0.73 indicates that around 73.0% of current Angus Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Angus Gold lagged returns against current returns
Autocorrelation, which is Angus 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 Angus Gold's otc stock expected returns. We can calculate the autocorrelation of Angus Gold returns to help us make a trade decision. For example, suppose you find that Angus 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 |
| Timeline |
Angus 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 Angus Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Angus 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 Angus Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Angus Gold Lagged Returns
When evaluating Angus Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Angus Gold otc stock have on its future price. Angus 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, Angus Gold autocorrelation shows the relationship between Angus Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Angus Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Angus OTC Stock
Angus Gold financial ratios help investors to determine whether Angus 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 Angus with respect to the benefits of owning Angus Gold security.