Visible Gold Mines Stock Market Value
| VGD Stock | CAD 0.08 0.01 14.29% |
| Symbol | Visible |
Visible Gold Mines Price To Book Ratio
Visible 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 Visible 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 Visible Gold.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Visible Gold on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Visible Gold Mines or generate 0.0% return on investment in Visible Gold over 30 days. Visible Gold is related to or competes with Arizona Sonoran, Marimaca Copper, QC Copper, and Dore Copper. Visible Gold Mines Inc. acquires and explores for gold mineral deposits in northwestern Qubec, Canada More
Visible 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 Visible 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 Visible Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.8 | |||
| Information Ratio | 0.0471 | |||
| Maximum Drawdown | 45.83 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Visible Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Visible Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Visible Gold's standard deviation. In reality, there are many statistical measures that can use Visible Gold historical prices to predict the future Visible Gold's volatility.| Risk Adjusted Performance | 0.0531 | |||
| Jensen Alpha | 0.5092 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | (0.53) |
Visible Gold Mines Backtested Returns
Visible Gold appears to be out of control, given 3 months investment horizon. Visible Gold Mines owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0617, which indicates the firm had a 0.0617% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Visible Gold Mines, which you can use to evaluate the volatility of the company. Please review Visible Gold's Risk Adjusted Performance of 0.0531, semi deviation of 3.93, and Coefficient Of Variation of 1644.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Visible Gold holds a performance score of 4. The entity has a beta of -0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Visible Gold are expected to decrease at a much lower rate. During the bear market, Visible Gold is likely to outperform the market. Please check Visible Gold's potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Visible Gold's existing price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Visible Gold Mines has modest reverse predictability. Overlapping area represents the amount of predictability between Visible Gold time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Visible Gold Mines price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Visible Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Visible Gold Mines lagged returns against current returns
Autocorrelation, which is Visible 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 Visible Gold's stock expected returns. We can calculate the autocorrelation of Visible Gold returns to help us make a trade decision. For example, suppose you find that Visible 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 |
Visible 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 Visible Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Visible Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Visible Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Visible Gold Lagged Returns
When evaluating Visible Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Visible Gold stock have on its future price. Visible 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, Visible Gold autocorrelation shows the relationship between Visible Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Visible Gold Mines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Visible Stock Analysis
When running Visible Gold's price analysis, check to measure Visible 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 Visible Gold is operating at the current time. Most of Visible Gold's value examination focuses on studying past and present price action to predict the probability of Visible 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 Visible Gold's price. Additionally, you may evaluate how the addition of Visible Gold to your portfolios can decrease your overall portfolio volatility.