Plato Gold Corp Stock Market Value
| PGC Stock | CAD 0.03 0.01 16.67% |
| Symbol | Plato |
Plato Gold Corp Price To Book Ratio
Plato 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 Plato 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 Plato Gold.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Plato Gold on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Plato Gold Corp or generate 0.0% return on investment in Plato Gold over 30 days. Plato Gold is related to or competes with Q Gold, and Carlin Gold. Plato Gold Corp., a junior exploration company, engages in the exploration, evaluation, and development of gold and rare... More
Plato 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 Plato 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 Plato Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 34.16 | |||
| Information Ratio | 0.0536 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Plato Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plato Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plato Gold's standard deviation. In reality, there are many statistical measures that can use Plato Gold historical prices to predict the future Plato Gold's volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | (1.35) | |||
| Sortino Ratio | 0.0263 | |||
| Treynor Ratio | (0.35) |
Plato Gold Corp Backtested Returns
Plato Gold is out of control given 3 months investment horizon. Plato Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0612, which implies the firm had a 0.0612% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Plato Gold Coefficient Of Variation of 1659.59, semi deviation of 9.81, and Risk Adjusted Performance of 0.0533 to evaluate company specific risk that cannot be diversified away. Plato Gold holds a performance score of 4 on a scale of zero to a hundred. The company holds a Beta of -2.83, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Plato Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Plato Gold is expected to outperform it. Use Plato Gold coefficient of variation, potential upside, day median price, as well as the relationship between the sortino ratio and skewness , to analyze future returns on Plato Gold.
Auto-correlation | 0.06 |
Virtually no predictability
Plato Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Plato Gold time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Plato Gold Corp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Plato Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Plato Gold Corp lagged returns against current returns
Autocorrelation, which is Plato 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 Plato Gold's stock expected returns. We can calculate the autocorrelation of Plato Gold returns to help us make a trade decision. For example, suppose you find that Plato 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 |
Plato 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 Plato Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plato Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plato Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Plato Gold Lagged Returns
When evaluating Plato Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plato Gold stock have on its future price. Plato 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, Plato Gold autocorrelation shows the relationship between Plato Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Plato Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Plato Stock Analysis
When running Plato Gold's price analysis, check to measure Plato 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 Plato Gold is operating at the current time. Most of Plato Gold's value examination focuses on studying past and present price action to predict the probability of Plato 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 Plato Gold's price. Additionally, you may evaluate how the addition of Plato Gold to your portfolios can decrease your overall portfolio volatility.