Solgold Plc Stock Market Value
| SLGGF Stock | USD 0.12 0.01 9.09% |
| Symbol | SolGold |
SolGold Plc '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 SolGold Plc'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 SolGold Plc.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in SolGold Plc on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding SolGold Plc or generate 0.0% return on investment in SolGold Plc over 30 days. SolGold Plc is related to or competes with Altius Minerals, EMX Royalty, Ivanhoe Mines, Rio Tinto, Lithium Americas, and Benton Resources. SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Aus... More
SolGold Plc 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 SolGold Plc'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 SolGold Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.31 | |||
| Information Ratio | 0.0858 | |||
| Maximum Drawdown | 80.22 | |||
| Value At Risk | (21.11) | |||
| Potential Upside | 29.41 |
SolGold Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SolGold Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SolGold Plc's standard deviation. In reality, there are many statistical measures that can use SolGold Plc historical prices to predict the future SolGold Plc's volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0867 | |||
| Treynor Ratio | 0.8416 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SolGold Plc'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.
SolGold Plc Backtested Returns
SolGold Plc is out of control given 3 months investment horizon. SolGold Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0858, which indicates the firm had a 0.0858% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use SolGold Plc Semi Deviation of 7.52, risk adjusted performance of 0.0675, and Coefficient Of Variation of 1089.85 to evaluate company specific risk that cannot be diversified away. SolGold Plc holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of 1.45, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SolGold Plc will likely underperform. Use SolGold Plc semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to analyze future returns on SolGold Plc.
Auto-correlation | 0.12 |
Insignificant predictability
SolGold Plc has insignificant predictability. Overlapping area represents the amount of predictability between SolGold Plc time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 SolGold Plc price movement. The serial correlation of 0.12 indicates that less than 12.0% of current SolGold Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SolGold Plc lagged returns against current returns
Autocorrelation, which is SolGold Plc 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 SolGold Plc's pink sheet expected returns. We can calculate the autocorrelation of SolGold Plc returns to help us make a trade decision. For example, suppose you find that SolGold Plc 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 |
SolGold Plc 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 SolGold Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SolGold Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SolGold Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SolGold Plc Lagged Returns
When evaluating SolGold Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SolGold Plc pink sheet have on its future price. SolGold Plc 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, SolGold Plc autocorrelation shows the relationship between SolGold Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SolGold Plc.
Regressed Prices |
| Timeline |
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Check out SolGold Plc Correlation, SolGold Plc Volatility and SolGold Plc Alpha and Beta module to complement your research on SolGold Plc. Note that the SolGold Plc information on this page should be used as a complementary analysis to other SolGold Plc'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for SolGold Pink Sheet analysis
When running SolGold Plc's price analysis, check to measure SolGold Plc'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 SolGold Plc is operating at the current time. Most of SolGold Plc's value examination focuses on studying past and present price action to predict the probability of SolGold Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SolGold Plc's price. Additionally, you may evaluate how the addition of SolGold Plc to your portfolios can decrease your overall portfolio volatility.
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SolGold Plc 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.