Vista Gold Stock Market Value
| VGZ Stock | CAD 0.85 0.02 2.41% |
| Symbol | Vista |
Vista Gold Price To Book Ratio
Vista 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 Vista 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 Vista Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Vista Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Vista Gold or generate 0.0% return on investment in Vista Gold over 30 days. Vista Gold is related to or competes with Trigon Metals, Seabridge Gold, and Fremont Gold. Vista Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement o... More
Vista 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 Vista 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 Vista Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.34 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.3 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.06 |
Vista Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vista Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vista Gold's standard deviation. In reality, there are many statistical measures that can use Vista Gold historical prices to predict the future Vista Gold's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0059 |
Vista Gold Backtested Returns
As of now, Vista Stock is extremely dangerous. Vista Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0235, which indicates the firm had a 0.0235% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vista Gold, which you can use to evaluate the volatility of the company. Please validate Vista Gold's Semi Deviation of 3.67, risk adjusted performance of 0.0106, and Coefficient Of Variation of 28110.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.0861%. Vista Gold has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vista Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vista Gold is expected to be smaller as well. Vista Gold right now has a risk of 3.67%. Please validate Vista Gold potential upside and the relationship between the skewness and price action indicator , to decide if Vista Gold will be following its existing price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Vista Gold has excellent reverse predictability. Overlapping area represents the amount of predictability between Vista Gold time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Vista Gold price movement. The serial correlation of -0.82 indicates that around 82.0% of current Vista Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vista Gold lagged returns against current returns
Autocorrelation, which is Vista 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 Vista Gold's stock expected returns. We can calculate the autocorrelation of Vista Gold returns to help us make a trade decision. For example, suppose you find that Vista 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 |
Vista 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 Vista Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vista Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vista Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Vista Gold Lagged Returns
When evaluating Vista Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vista Gold stock have on its future price. Vista 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, Vista Gold autocorrelation shows the relationship between Vista Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Vista Gold.
Regressed Prices |
| Timeline |
Pair Trading with Vista Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vista Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vista Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Vista Stock
Moving against Vista Stock
| 0.6 | JPM | JPMorgan Chase | PairCorr |
| 0.52 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.51 | BOFA | Bank of America | PairCorr |
| 0.49 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.32 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Vista Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vista Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vista Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vista Gold to buy it.
The correlation of Vista Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vista Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vista Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vista Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Vista Gold Correlation, Vista Gold Volatility and Vista Gold Alpha and Beta module to complement your research on Vista Gold. To learn how to invest in Vista Stock, please use our How to Invest in Vista Gold guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Vista Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.