Wescan Goldfields Stock Market Value

WGF Stock  CAD 0.02  0.00  0.00%   
Wescan Goldfields' market value is the price at which a share of Wescan Goldfields trades on a public exchange. It measures the collective expectations of Wescan Goldfields investors about its performance. Wescan Goldfields is selling for under 0.02 as of the 15th of December 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.02.
With this module, you can estimate the performance of a buy and hold strategy of Wescan Goldfields and determine expected loss or profit from investing in Wescan Goldfields over a given investment horizon. Check out Wescan Goldfields Correlation, Wescan Goldfields Volatility and Wescan Goldfields Alpha and Beta module to complement your research on Wescan Goldfields.
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Please note, there is a significant difference between Wescan Goldfields' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wescan Goldfields is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wescan Goldfields' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Wescan Goldfields '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 Wescan Goldfields' 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 Wescan Goldfields.
0.00
11/15/2024
No Change 0.00  0.0 
In 31 days
12/15/2024
0.00
If you would invest  0.00  in Wescan Goldfields on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Wescan Goldfields or generate 0.0% return on investment in Wescan Goldfields over 30 days. Wescan Goldfields is related to or competes with Arizona Sonoran, and QC Copper. Wescan Goldfields Inc. engages in the acquisition, exploration, and development of mineral properties in Canada More

Wescan Goldfields 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 Wescan Goldfields' 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 Wescan Goldfields upside and downside potential and time the market with a certain degree of confidence.

Wescan Goldfields Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wescan Goldfields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wescan Goldfields' standard deviation. In reality, there are many statistical measures that can use Wescan Goldfields historical prices to predict the future Wescan Goldfields' volatility.
Hype
Prediction
LowEstimatedHigh
0.000.026.73
Details
Intrinsic
Valuation
LowRealHigh
0.000.026.73
Details
Naive
Forecast
LowNextHigh
0.00040.026.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.020.020.02
Details

Wescan Goldfields Backtested Returns

Wescan Goldfields shows Sharpe Ratio of -0.0582, which attests that the company had a -0.0582% return per unit of risk over the last 3 months. Wescan Goldfields exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wescan Goldfields' Mean Deviation of 1.74, market risk adjusted performance of (0.37), and Standard Deviation of 6.61 to validate the risk estimate we provide. The firm maintains a market beta of 1.03, which attests to a somewhat significant risk relative to the market. Wescan Goldfields returns are very sensitive to returns on the market. As the market goes up or down, Wescan Goldfields is expected to follow. At this point, Wescan Goldfields has a negative expected return of -0.39%. Please make sure to check out Wescan Goldfields' variance, as well as the relationship between the skewness and day typical price , to decide if Wescan Goldfields performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  1.00  

Perfect predictability

Wescan Goldfields has perfect predictability. Overlapping area represents the amount of predictability between Wescan Goldfields time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Wescan Goldfields price movement. The serial correlation of 1.0 indicates that 100.0% of current Wescan Goldfields price fluctuation can be explain by its past prices.
Correlation Coefficient1.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Wescan Goldfields lagged returns against current returns

Autocorrelation, which is Wescan Goldfields 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 Wescan Goldfields' stock expected returns. We can calculate the autocorrelation of Wescan Goldfields returns to help us make a trade decision. For example, suppose you find that Wescan Goldfields 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  

Wescan Goldfields 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 Wescan Goldfields stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wescan Goldfields stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wescan Goldfields stock over time.
   Current vs Lagged Prices   
       Timeline  

Wescan Goldfields Lagged Returns

When evaluating Wescan Goldfields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wescan Goldfields stock have on its future price. Wescan Goldfields 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, Wescan Goldfields autocorrelation shows the relationship between Wescan Goldfields stock current value and its past values and can show if there is a momentum factor associated with investing in Wescan Goldfields.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Wescan Stock Analysis

When running Wescan Goldfields' price analysis, check to measure Wescan Goldfields' 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 Wescan Goldfields is operating at the current time. Most of Wescan Goldfields' value examination focuses on studying past and present price action to predict the probability of Wescan Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wescan Goldfields' price. Additionally, you may evaluate how the addition of Wescan Goldfields to your portfolios can decrease your overall portfolio volatility.