P2 Gold Stock Market Value
| PGLDF Stock | USD 0.05 0 4.08% |
| Symbol | PGLDF |
P2 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 P2 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 P2 Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in P2 Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding P2 Gold or generate 0.0% return on investment in P2 Gold over 30 days. P2 Gold is related to or competes with Western Alaska, Summa Silver, Enduro Metals, Kodiak Copper, Mirasol Resources, GoGold Resources, and Scottie Resources. P2 Gold Inc., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in... More
P2 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 P2 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 P2 Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.39 | |||
| Information Ratio | 0.0573 | |||
| Maximum Drawdown | 46.4 | |||
| Value At Risk | (9.62) | |||
| Potential Upside | 12.05 |
P2 Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for P2 Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as P2 Gold's standard deviation. In reality, there are many statistical measures that can use P2 Gold historical prices to predict the future P2 Gold's volatility.| Risk Adjusted Performance | 0.0661 | |||
| Jensen Alpha | 0.331 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | 0.307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of P2 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.
P2 Gold Backtested Returns
P2 Gold appears to be out of control, given 3 months investment horizon. P2 Gold retains Efficiency (Sharpe Ratio) of 0.0663, which implies the company had a 0.0663% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for P2 Gold, which you can use to evaluate the volatility of the entity. Please evaluate P2 Gold's market risk adjusted performance of 0.317, and Standard Deviation of 7.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, P2 Gold holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 1.73, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, P2 Gold will likely underperform. Please check P2 Gold's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether P2 Gold's current price history will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
P2 Gold has very weak reverse predictability. Overlapping area represents the amount of predictability between P2 Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 P2 Gold price movement. The serial correlation of -0.06 indicates that barely 6.0% of current P2 Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
P2 Gold lagged returns against current returns
Autocorrelation, which is P2 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 P2 Gold's otc stock expected returns. We can calculate the autocorrelation of P2 Gold returns to help us make a trade decision. For example, suppose you find that P2 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 |
| Timeline |
P2 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 P2 Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if P2 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 P2 Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
P2 Gold Lagged Returns
When evaluating P2 Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of P2 Gold otc stock have on its future price. P2 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, P2 Gold autocorrelation shows the relationship between P2 Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in P2 Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PGLDF OTC Stock
P2 Gold financial ratios help investors to determine whether PGLDF 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 PGLDF with respect to the benefits of owning P2 Gold security.