Eminent Gold Corp Stock Market Value
| EMGDF Stock | USD 0.21 0.00 0.00% |
| Symbol | Eminent |
Eminent 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 Eminent 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 Eminent Gold.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Eminent Gold on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Eminent Gold Corp or generate 0.0% return on investment in Eminent Gold over 30 days. Eminent Gold is related to or competes with IGO, and Adriatic Metals. Eminent Gold Corp., gold exploration company, engages in the exploration and evaluation of gold deposits in the United S... More
Eminent 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 Eminent 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 Eminent Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.05 | |||
| Information Ratio | 0.0268 | |||
| Maximum Drawdown | 40.11 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 8.7 |
Eminent Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eminent Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eminent Gold's standard deviation. In reality, there are many statistical measures that can use Eminent Gold historical prices to predict the future Eminent Gold's volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.4038 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eminent 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.
Eminent Gold Corp Backtested Returns
Eminent Gold appears to be out of control, given 3 months investment horizon. Eminent Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0541, which denotes the company had a 0.0541% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Eminent Gold Corp, which you can use to evaluate the volatility of the firm. Please utilize Eminent Gold's Downside Deviation of 9.05, mean deviation of 2.34, and Coefficient Of Variation of 1863.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eminent Gold holds a performance score of 4. The firm shows a Beta (market volatility) of -1.09, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Eminent Gold are expected to decrease slowly. On the other hand, during market turmoil, Eminent Gold is expected to outperform it slightly. Please check Eminent Gold's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether Eminent Gold's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Eminent Gold Corp has very good predictability. Overlapping area represents the amount of predictability between Eminent Gold time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Eminent Gold Corp price movement. The serial correlation of 0.8 indicates that around 80.0% of current Eminent Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eminent Gold Corp lagged returns against current returns
Autocorrelation, which is Eminent 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 Eminent Gold's otc stock expected returns. We can calculate the autocorrelation of Eminent Gold returns to help us make a trade decision. For example, suppose you find that Eminent 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 |
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Eminent 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 Eminent Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eminent 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 Eminent Gold otc stock over time.
Current vs Lagged Prices |
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Eminent Gold Lagged Returns
When evaluating Eminent Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eminent Gold otc stock have on its future price. Eminent 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, Eminent Gold autocorrelation shows the relationship between Eminent Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Eminent Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eminent OTC Stock
Eminent Gold financial ratios help investors to determine whether Eminent 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 Eminent with respect to the benefits of owning Eminent Gold security.