Chesapeake Gold Corp Stock Market Value
| CKG Stock | CAD 0.97 0.01 1.02% |
| Symbol | Chesapeake |
Chesapeake Gold Corp Price To Book Ratio
Chesapeake 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 Chesapeake 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 Chesapeake Gold.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Chesapeake Gold on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Chesapeake Gold Corp or generate 0.0% return on investment in Chesapeake Gold over 360 days. Chesapeake Gold is related to or competes with Bear Creek, Spanish Mountain, Kootenay Silver, and Canagold Resources. Chesapeake Gold Corp., a development stage company, focuses on the discovery, exploration, and development of gold and s... More
Chesapeake 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 Chesapeake 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 Chesapeake Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 31.94 | |||
| Value At Risk | (7.54) | |||
| Potential Upside | 6.42 |
Chesapeake Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chesapeake Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chesapeake Gold's standard deviation. In reality, there are many statistical measures that can use Chesapeake Gold historical prices to predict the future Chesapeake Gold's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | (1.09) |
Chesapeake Gold Corp Backtested Returns
Chesapeake Gold Corp secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of standard deviation over the last 3 months. Chesapeake Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chesapeake Gold's risk adjusted performance of (0.11), and Mean Deviation of 3.36 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chesapeake Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chesapeake Gold is expected to be smaller as well. At this point, Chesapeake Gold Corp has a negative expected return of -0.84%. Please make sure to confirm Chesapeake Gold's jensen alpha and the relationship between the value at risk and day typical price , to decide if Chesapeake Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Chesapeake Gold Corp has good reverse predictability. Overlapping area represents the amount of predictability between Chesapeake Gold time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Chesapeake Gold Corp price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Chesapeake Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Chesapeake Gold Corp lagged returns against current returns
Autocorrelation, which is Chesapeake 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 Chesapeake Gold's stock expected returns. We can calculate the autocorrelation of Chesapeake Gold returns to help us make a trade decision. For example, suppose you find that Chesapeake 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 |
Chesapeake 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 Chesapeake Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chesapeake Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chesapeake Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Chesapeake Gold Lagged Returns
When evaluating Chesapeake Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chesapeake Gold stock have on its future price. Chesapeake 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, Chesapeake Gold autocorrelation shows the relationship between Chesapeake Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Chesapeake Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Chesapeake Stock Analysis
When running Chesapeake Gold's price analysis, check to measure Chesapeake 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 Chesapeake Gold is operating at the current time. Most of Chesapeake Gold's value examination focuses on studying past and present price action to predict the probability of Chesapeake 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 Chesapeake Gold's price. Additionally, you may evaluate how the addition of Chesapeake Gold to your portfolios can decrease your overall portfolio volatility.