Us Goldmining Common Stock Market Value
| USGO Stock | 6.15 0.04 0.65% |
| Symbol | USGO |
US GoldMining Common Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of US GoldMining. If investors know USGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about US GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Return On Assets (0.92) | Return On Equity (1.71) |
The market value of US GoldMining Common is measured differently than its book value, which is the value of USGO that is recorded on the company's balance sheet. Investors also form their own opinion of US GoldMining's value that differs from its market value or its book value, called intrinsic value, which is US GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US GoldMining's market value can be influenced by many factors that don't directly affect US GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if US GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US GoldMining's 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.
US GoldMining '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 US GoldMining'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 US GoldMining.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in US GoldMining on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding US GoldMining Common or generate 0.0% return on investment in US GoldMining over 90 days. US GoldMining is related to or competes with Vale SA, and Fury Gold. US GoldMining is entity of United States More
US GoldMining 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 US GoldMining'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 US GoldMining Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | 0.0411 | |||
| Maximum Drawdown | 25.03 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 8.3 |
US GoldMining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US GoldMining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US GoldMining's standard deviation. In reality, there are many statistical measures that can use US GoldMining historical prices to predict the future US GoldMining's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.1961 | |||
| Total Risk Alpha | 0.2379 | |||
| Sortino Ratio | 0.0438 | |||
| Treynor Ratio | 0.5782 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of US GoldMining'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.
US GoldMining Common Backtested Returns
US GoldMining appears to be slightly risky, given 3 months investment horizon. US GoldMining Common retains Efficiency (Sharpe Ratio) of 0.0858, which indicates the firm had a 0.0858% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for US GoldMining, which you can use to evaluate the volatility of the company. Please review US GoldMining's Risk Adjusted Performance of 0.0349, downside deviation of 4.56, and Mean Deviation of 3.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, US GoldMining holds a performance score of 6. The entity owns a Beta (Systematic Risk) of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, US GoldMining's returns are expected to increase less than the market. However, during the bear market, the loss of holding US GoldMining is expected to be smaller as well. Please check US GoldMining's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether US GoldMining's current price history will revert.
Auto-correlation | 0.16 |
Very weak predictability
US GoldMining Common has very weak predictability. Overlapping area represents the amount of predictability between US GoldMining time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th 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 US GoldMining Common price movement. The serial correlation of 0.16 indicates that over 16.0% of current US GoldMining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
US GoldMining Common lagged returns against current returns
Autocorrelation, which is US GoldMining 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 US GoldMining's stock expected returns. We can calculate the autocorrelation of US GoldMining returns to help us make a trade decision. For example, suppose you find that US GoldMining 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 |
US GoldMining 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 US GoldMining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US GoldMining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US GoldMining stock over time.
Current vs Lagged Prices |
| Timeline |
US GoldMining Lagged Returns
When evaluating US GoldMining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US GoldMining stock have on its future price. US GoldMining 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, US GoldMining autocorrelation shows the relationship between US GoldMining stock current value and its past values and can show if there is a momentum factor associated with investing in US GoldMining Common.
Regressed Prices |
| Timeline |
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When determining whether US GoldMining Common offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of US GoldMining's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Us Goldmining Common Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Us Goldmining Common Stock:Check out US GoldMining Correlation, US GoldMining Volatility and US GoldMining Alpha and Beta module to complement your research on US GoldMining. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
US GoldMining 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.