Endurance Gold Stock Market Value
| ENDGF Stock | USD 0.10 0.00 0.00% |
| Symbol | Endurance |
Endurance 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 Endurance 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 Endurance Gold.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Endurance Gold on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Endurance Gold or generate 0.0% return on investment in Endurance Gold over 60 days. Endurance Gold is related to or competes with Grande Portage, White Gold, and Aurion Resources. Endurance Gold Corporation explores for and develops mineral properties in North America More
Endurance 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 Endurance 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 Endurance Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 39.09 | |||
| Value At Risk | (9.09) |
Endurance Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endurance Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endurance Gold's standard deviation. In reality, there are many statistical measures that can use Endurance Gold historical prices to predict the future Endurance Gold's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | 1.19 |
Endurance Gold Backtested Returns
Endurance Gold secures Sharpe Ratio (or Efficiency) of -0.034, which denotes the company had a -0.034% return per unit of standard deviation over the last 3 months. Endurance Gold exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Endurance Gold's Standard Deviation of 5.21, coefficient of variation of (1,367), and Mean Deviation of 1.91 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Endurance Gold are expected to decrease at a much lower rate. During the bear market, Endurance Gold is likely to outperform the market. At this point, Endurance Gold has a negative expected return of -0.17%. Please make sure to confirm Endurance Gold's standard deviation and the relationship between the jensen alpha and day median price , to decide if Endurance Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Endurance Gold has good predictability. Overlapping area represents the amount of predictability between Endurance Gold time series from 3rd of October 2024 to 2nd of November 2024 and 2nd 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 Endurance Gold price movement. The serial correlation of 0.76 indicates that around 76.0% of current Endurance Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Endurance Gold lagged returns against current returns
Autocorrelation, which is Endurance 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 Endurance Gold's pink sheet expected returns. We can calculate the autocorrelation of Endurance Gold returns to help us make a trade decision. For example, suppose you find that Endurance 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 |
Endurance 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 Endurance Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endurance 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 Endurance Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Endurance Gold Lagged Returns
When evaluating Endurance Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endurance Gold pink sheet have on its future price. Endurance 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, Endurance Gold autocorrelation shows the relationship between Endurance Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Endurance Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Endurance Pink Sheet
Endurance Gold financial ratios help investors to determine whether Endurance 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 Endurance with respect to the benefits of owning Endurance Gold security.