Endurance Gold Stock Market Value
| ENDGF Stock | USD 0.15 0.01 6.25% |
| Symbol | Endurance |
Endurance 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 Endurance 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 Endurance Gold.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Endurance Gold on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Endurance Gold or generate 0.0% return on investment in Endurance Gold over 90 days. Endurance Gold is related to or competes with Revival Gold, Galiano Gold, US Gold, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. Endurance Gold Corporation explores for and develops mineral properties in North America More
Endurance 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 Endurance 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 Endurance Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1526 | |||
| Maximum Drawdown | 21.63 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Endurance Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endurance Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endurance Gold's standard deviation. In reality, there are many statistical measures that can use Endurance Gold historical prices to predict the future Endurance Gold's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.6763 | |||
| Total Risk Alpha | 0.4517 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endurance 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.
Endurance Gold Backtested Returns
Endurance Gold appears to be out of control, given 3 months investment horizon. Endurance Gold secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of standard deviation over the last 3 months. By reviewing Endurance Gold's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Endurance Gold's Standard Deviation of 4.33, coefficient of variation of 613.24, and Mean Deviation of 2.47 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Endurance Gold holds a performance score of 16. The firm shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Endurance Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Endurance Gold is expected to be smaller as well. Please check Endurance Gold's potential upside, day typical price, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Endurance Gold's price patterns will revert.
Auto-correlation | 0.94 |
Excellent predictability
Endurance Gold has excellent predictability. Overlapping area represents the amount of predictability between Endurance Gold time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Endurance Gold price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Endurance Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Endurance Gold lagged returns against current returns
Autocorrelation, which is Endurance 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 Endurance Gold's pink sheet expected returns. We can calculate the autocorrelation of Endurance Gold returns to help us make a trade decision. For example, suppose you find that Endurance 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 |
Endurance 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 Endurance Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endurance 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 Endurance Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Endurance Gold Lagged Returns
When evaluating Endurance Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endurance Gold pink sheet have on its future price. Endurance 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, Endurance Gold autocorrelation shows the relationship between Endurance Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Endurance Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Endurance Gold Correlation, Endurance Gold Volatility and Endurance Gold Alpha and Beta module to complement your research on Endurance Gold. Note that the Endurance Gold information on this page should be used as a complementary analysis to other Endurance Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Endurance Pink Sheet analysis
When running Endurance Gold's price analysis, check to measure Endurance 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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance 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 Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.
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Endurance Gold technical pink sheet 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, pink sheet market cycles, or different charting patterns.