Desert Gold Ventures Stock Market Value
| DAU Stock | CAD 0.07 0.01 12.50% |
| Symbol | Desert |
Desert Gold Ventures Price To Book Ratio
Desert 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 Desert 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 Desert Gold.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Desert Gold on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Desert Gold Ventures or generate 0.0% return on investment in Desert Gold over 720 days. Desert Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Desert Gold Ventures Inc., an exploration stage company, engages in the acquisition, exploration, and development of min... More
Desert 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 Desert 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 Desert Gold Ventures upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Desert Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desert Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desert Gold's standard deviation. In reality, there are many statistical measures that can use Desert Gold historical prices to predict the future Desert Gold's volatility.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (1.53) |
Desert Gold Ventures Backtested Returns
Desert Gold Ventures secures Sharpe Ratio (or Efficiency) of -0.0168, which denotes the company had a -0.0168% return per unit of risk over the last 3 months. Desert Gold Ventures exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Desert Gold's Mean Deviation of 2.26, standard deviation of 5.49, and Variance of 30.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0419, which means not very significant fluctuations relative to the market. As returns on the market increase, Desert Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desert Gold is expected to be smaller as well. At this point, Desert Gold Ventures has a negative expected return of -0.085%. Please make sure to confirm Desert Gold's skewness, as well as the relationship between the day median price and relative strength index , to decide if Desert Gold Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Desert Gold Ventures has modest reverse predictability. Overlapping area represents the amount of predictability between Desert Gold time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Desert Gold Ventures price movement. The serial correlation of -0.47 indicates that about 47.0% of current Desert Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Desert Gold Ventures lagged returns against current returns
Autocorrelation, which is Desert 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 Desert Gold's stock expected returns. We can calculate the autocorrelation of Desert Gold returns to help us make a trade decision. For example, suppose you find that Desert 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 |
Desert 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 Desert Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desert Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desert Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Desert Gold Lagged Returns
When evaluating Desert Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desert Gold stock have on its future price. Desert 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, Desert Gold autocorrelation shows the relationship between Desert Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Desert Gold Ventures.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Desert Stock Analysis
When running Desert Gold's price analysis, check to measure Desert 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 Desert Gold is operating at the current time. Most of Desert Gold's value examination focuses on studying past and present price action to predict the probability of Desert 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 Desert Gold's price. Additionally, you may evaluate how the addition of Desert Gold to your portfolios can decrease your overall portfolio volatility.