Joshua Gold Resources Stock Market Value
| JSHG Stock | USD 0.01 0.00 0.00% |
| Symbol | Joshua |
Joshua 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 Joshua 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 Joshua Gold.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Joshua Gold on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Joshua Gold Resources or generate 0.0% return on investment in Joshua Gold over 30 days. Joshua Gold is related to or competes with Bluestone Resources, Asante Gold, Allegiant Gold, and GMV Minerals. Joshua Gold Resources Inc. engages in the acquisition, exploration, and development of mineral properties More
Joshua 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 Joshua 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 Joshua Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.64 | |||
| Information Ratio | 0.0189 | |||
| Maximum Drawdown | 67.08 | |||
| Value At Risk | (23.08) | |||
| Potential Upside | 25.0 |
Joshua Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joshua Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joshua Gold's standard deviation. In reality, there are many statistical measures that can use Joshua Gold historical prices to predict the future Joshua Gold's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.1064 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | 0.121 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Joshua 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.
Joshua Gold Resources Backtested Returns
Joshua Gold appears to be out of control, given 3 months investment horizon. Joshua Gold Resources holds Efficiency (Sharpe) Ratio of 0.0264, which attests that the entity had a 0.0264% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Joshua Gold Resources, which you can use to evaluate the volatility of the firm. Please utilize Joshua Gold's Risk Adjusted Performance of 0.026, downside deviation of 26.64, and Market Risk Adjusted Performance of 0.131 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Joshua Gold holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 2.46, which attests to 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, Joshua Gold will likely underperform. Please check Joshua Gold's maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Joshua Gold's current trending patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Joshua Gold Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Joshua Gold time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Joshua Gold Resources price movement. The serial correlation of -0.73 indicates that around 73.0% of current Joshua Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Joshua Gold Resources lagged returns against current returns
Autocorrelation, which is Joshua 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 Joshua Gold's pink sheet expected returns. We can calculate the autocorrelation of Joshua Gold returns to help us make a trade decision. For example, suppose you find that Joshua 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 |
Joshua 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 Joshua Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joshua 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 Joshua Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Joshua Gold Lagged Returns
When evaluating Joshua Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joshua Gold pink sheet have on its future price. Joshua 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, Joshua Gold autocorrelation shows the relationship between Joshua Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Joshua Gold Resources.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Joshua Gold Correlation, Joshua Gold Volatility and Joshua Gold Alpha and Beta module to complement your research on Joshua Gold. Note that the Joshua Gold Resources information on this page should be used as a complementary analysis to other Joshua 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Joshua Pink Sheet analysis
When running Joshua Gold's price analysis, check to measure Joshua 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 Joshua Gold is operating at the current time. Most of Joshua Gold's value examination focuses on studying past and present price action to predict the probability of Joshua 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 Joshua Gold's price. Additionally, you may evaluate how the addition of Joshua Gold to your portfolios can decrease your overall portfolio volatility.
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Joshua 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.