Roscan Gold Corp Stock Market Value
| ROS Stock | CAD 0.07 0.01 7.14% |
| Symbol | Roscan |
Roscan Gold Corp Price To Book Ratio
Roscan 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 Roscan 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 Roscan Gold.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Roscan Gold on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Roscan Gold Corp or generate 0.0% return on investment in Roscan Gold over 30 days. Roscan Gold is related to or competes with Arizona Sonoran, and QC Copper. RosCan Gold Corporation engages in the acquisition, evaluation, exploration, and development of gold properties in West ... More
Roscan 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 Roscan 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 Roscan Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Roscan Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roscan Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roscan Gold's standard deviation. In reality, there are many statistical measures that can use Roscan Gold historical prices to predict the future Roscan Gold's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.32) |
Roscan Gold Corp Backtested Returns
Roscan Gold Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Roscan Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roscan Gold's Risk Adjusted Performance of (0.09), coefficient of variation of (835.60), and Variance of 22.64 to confirm the risk estimate we provide. The company holds a Beta of 1.84, 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, Roscan Gold will likely underperform. At this point, Roscan Gold Corp has a negative expected return of -0.56%. Please make sure to check Roscan Gold's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Roscan Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Roscan Gold Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Roscan Gold time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Roscan Gold Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Roscan Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Roscan Gold Corp lagged returns against current returns
Autocorrelation, which is Roscan 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 Roscan Gold's stock expected returns. We can calculate the autocorrelation of Roscan Gold returns to help us make a trade decision. For example, suppose you find that Roscan 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 |
Roscan 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 Roscan Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roscan Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roscan Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Roscan Gold Lagged Returns
When evaluating Roscan Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roscan Gold stock have on its future price. Roscan 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, Roscan Gold autocorrelation shows the relationship between Roscan Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Roscan Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Roscan Stock Analysis
When running Roscan Gold's price analysis, check to measure Roscan 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 Roscan Gold is operating at the current time. Most of Roscan Gold's value examination focuses on studying past and present price action to predict the probability of Roscan 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 Roscan Gold's price. Additionally, you may evaluate how the addition of Roscan Gold to your portfolios can decrease your overall portfolio volatility.