Artemis Gold Stock Market Value
| ARGTF Stock | USD 10.24 0.55 5.10% |
| Symbol | Artemis |
Artemis 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 Artemis 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 Artemis Gold.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Artemis Gold on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Artemis Gold or generate 0.0% return on investment in Artemis Gold over 390 days. Artemis Gold is related to or competes with Orogen Royalties, and Dundee Precious. Artemis Gold Inc., a gold development company, focuses on the identification, acquisition, and development of gold prope... More
Artemis 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 Artemis 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 Artemis Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.0546 | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.48 |
Artemis Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artemis Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artemis Gold's standard deviation. In reality, there are many statistical measures that can use Artemis Gold historical prices to predict the future Artemis Gold's volatility.| Risk Adjusted Performance | 0.0722 | |||
| Jensen Alpha | 0.2193 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0563 | |||
| Treynor Ratio | 0.4613 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Artemis 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.
Artemis Gold Backtested Returns
At this point, Artemis Gold is somewhat reliable. Artemis Gold secures Sharpe Ratio (or Efficiency) of 0.0399, which signifies that the company had a 0.0399% return per unit of risk over the last 3 months. We have found thirty technical indicators for Artemis Gold, which you can use to evaluate the volatility of the firm. Please confirm Artemis Gold's Downside Deviation of 3.19, mean deviation of 2.54, and Risk Adjusted Performance of 0.0722 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Artemis Gold has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Artemis Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artemis Gold is expected to be smaller as well. Artemis Gold right now shows a risk of 3.23%. Please confirm Artemis Gold maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Artemis Gold will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Artemis Gold has good predictability. Overlapping area represents the amount of predictability between Artemis Gold time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Artemis Gold price movement. The serial correlation of 0.77 indicates that around 77.0% of current Artemis Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Artemis Gold lagged returns against current returns
Autocorrelation, which is Artemis 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 Artemis Gold's pink sheet expected returns. We can calculate the autocorrelation of Artemis Gold returns to help us make a trade decision. For example, suppose you find that Artemis 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 |
Artemis 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 Artemis Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artemis 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 Artemis Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Artemis Gold Lagged Returns
When evaluating Artemis Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artemis Gold pink sheet have on its future price. Artemis 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, Artemis Gold autocorrelation shows the relationship between Artemis Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Artemis Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Artemis Pink Sheet
Artemis Gold financial ratios help investors to determine whether Artemis 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 Artemis with respect to the benefits of owning Artemis Gold security.