Stellar Africagold Stock Market Value
| SPX Stock | CAD 0.06 0.00 0.00% |
| Symbol | Stellar |
Stellar AfricaGold Price To Book Ratio
Stellar AfricaGold '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 Stellar AfricaGold'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 Stellar AfricaGold.
| 01/05/2024 |
| 12/30/2024 |
If you would invest 0.00 in Stellar AfricaGold on January 5, 2024 and sell it all today you would earn a total of 0.00 from holding Stellar AfricaGold or generate 0.0% return on investment in Stellar AfricaGold over 360 days. Stellar AfricaGold is related to or competes with Societe D. Stellar AfricaGold Inc., together with its subsidiaries, engages in the exploration and evaluation of mineral properties... More
Stellar AfricaGold 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 Stellar AfricaGold'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 Stellar AfricaGold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.77 | |||
| Information Ratio | 0.0159 | |||
| Maximum Drawdown | 86.36 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 16.67 |
Stellar AfricaGold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stellar AfricaGold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stellar AfricaGold's standard deviation. In reality, there are many statistical measures that can use Stellar AfricaGold historical prices to predict the future Stellar AfricaGold's volatility.| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | 0.1625 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.007 | |||
| Treynor Ratio | 0.1138 |
Stellar AfricaGold Backtested Returns
Stellar AfricaGold appears to be out of control, given 3 months investment horizon. Stellar AfricaGold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0194, which indicates the firm had a 0.0194% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Stellar AfricaGold, which you can use to evaluate the volatility of the company. Please review Stellar AfricaGold's Risk Adjusted Performance of 0.0243, semi deviation of 8.42, and Coefficient Of Variation of 5325.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Stellar AfricaGold holds a performance score of 1. The entity has a beta of 1.77, which indicates 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, Stellar AfricaGold will likely underperform. Please check Stellar AfricaGold's total risk alpha, as well as the relationship between the potential upside and kurtosis , to make a quick decision on whether Stellar AfricaGold's existing price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Stellar AfricaGold has very weak reverse predictability. Overlapping area represents the amount of predictability between Stellar AfricaGold time series from 5th of January 2024 to 3rd of July 2024 and 3rd of July 2024 to 30th 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 Stellar AfricaGold price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Stellar AfricaGold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stellar AfricaGold lagged returns against current returns
Autocorrelation, which is Stellar AfricaGold 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 Stellar AfricaGold's stock expected returns. We can calculate the autocorrelation of Stellar AfricaGold returns to help us make a trade decision. For example, suppose you find that Stellar AfricaGold 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 |
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Stellar AfricaGold 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 Stellar AfricaGold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stellar AfricaGold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stellar AfricaGold stock over time.
Current vs Lagged Prices |
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Stellar AfricaGold Lagged Returns
When evaluating Stellar AfricaGold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stellar AfricaGold stock have on its future price. Stellar AfricaGold 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, Stellar AfricaGold autocorrelation shows the relationship between Stellar AfricaGold stock current value and its past values and can show if there is a momentum factor associated with investing in Stellar AfricaGold.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Stellar Stock Analysis
When running Stellar AfricaGold's price analysis, check to measure Stellar AfricaGold'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 Stellar AfricaGold is operating at the current time. Most of Stellar AfricaGold's value examination focuses on studying past and present price action to predict the probability of Stellar AfricaGold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stellar AfricaGold's price. Additionally, you may evaluate how the addition of Stellar AfricaGold to your portfolios can decrease your overall portfolio volatility.