Westhaven Gold Corp Stock Market Value
| WTHVF Stock | USD 0.07 0.0009 1.38% |
| Symbol | Westhaven |
Westhaven 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 Westhaven Gold's pink sheet 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 Westhaven Gold.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Westhaven Gold on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Westhaven Gold Corp or generate 0.0% return on investment in Westhaven Gold over 180 days. Westhaven Gold is related to or competes with Grande Portage, and White Gold. Westhaven Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mineral ... More
Westhaven 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 Westhaven Gold's pink sheet 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 Westhaven Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 34.95 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Westhaven Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westhaven Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westhaven Gold's standard deviation. In reality, there are many statistical measures that can use Westhaven Gold historical prices to predict the future Westhaven Gold's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.7659 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westhaven Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Westhaven Gold Corp Backtested Returns
Westhaven Gold Corp shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Westhaven Gold Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westhaven Gold's Standard Deviation of 6.09, market risk adjusted performance of 0.7759, and Mean Deviation of 3.95 to validate the risk estimate we provide. The firm maintains a market beta of -0.96, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Westhaven Gold are expected to decrease slowly. On the other hand, during market turmoil, Westhaven Gold is expected to outperform it slightly. At this point, Westhaven Gold Corp has a negative expected return of -0.88%. Please make sure to check out Westhaven Gold's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Westhaven Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Westhaven Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Westhaven Gold time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Westhaven Gold Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Westhaven Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westhaven Gold Corp lagged returns against current returns
Autocorrelation, which is Westhaven Gold pink sheet'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 Westhaven Gold's pink sheet expected returns. We can calculate the autocorrelation of Westhaven Gold returns to help us make a trade decision. For example, suppose you find that Westhaven Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Westhaven 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 Westhaven Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westhaven Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westhaven Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Westhaven Gold Lagged Returns
When evaluating Westhaven Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westhaven Gold pink sheet have on its future price. Westhaven 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, Westhaven Gold autocorrelation shows the relationship between Westhaven Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Westhaven Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Westhaven Pink Sheet
Westhaven Gold financial ratios help investors to determine whether Westhaven Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westhaven with respect to the benefits of owning Westhaven Gold security.