Maple Gold Mines Stock Market Value
| MGM Stock | CAD 0.08 0.01 5.88% |
| Symbol | Maple |
Maple Gold Mines Price To Book Ratio
Maple 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 Maple Gold'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 Maple Gold.
| 06/26/2024 |
| 07/26/2024 |
If you would invest 0.00 in Maple Gold on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Maple Gold Mines or generate 0.0% return on investment in Maple Gold over 30 days. Maple Gold is related to or competes with Liberty Gold, Banyan Gold, and Minaurum Gold. Maple Gold Mines Ltd. operates as a gold exploration company in Canada More
Maple 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 Maple Gold'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 Maple Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.95 | |||
| Information Ratio | 0.0525 | |||
| Maximum Drawdown | 39.58 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 12.5 |
Maple Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maple Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maple Gold's standard deviation. In reality, there are many statistical measures that can use Maple Gold historical prices to predict the future Maple Gold's volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.511 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0427 | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maple 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.
Maple Gold Mines Backtested Returns
Maple Gold appears to be out of control, given 3 months investment horizon. Maple Gold Mines has Sharpe Ratio of 0.0803, which conveys that the firm had a 0.0803% return per unit of risk over the last 3 months. By analyzing Maple Gold's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Maple Gold's Risk Adjusted Performance of 0.0496, mean deviation of 4.41, and Downside Deviation of 8.95 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maple Gold holds a performance score of 6. The company secures a Beta (Market Risk) of -1.23, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Maple Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Maple Gold is expected to outperform it. Please check Maple Gold's maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether Maple Gold's current price movements will revert.
Auto-correlation | 0.54 |
Modest predictability
Maple Gold Mines has modest predictability. Overlapping area represents the amount of predictability between Maple Gold time series from 26th of June 2024 to 11th of July 2024 and 11th of July 2024 to 26th of July 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 Maple Gold Mines price movement. The serial correlation of 0.54 indicates that about 54.0% of current Maple Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Maple Gold Mines lagged returns against current returns
Autocorrelation, which is Maple Gold 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 Maple Gold's stock expected returns. We can calculate the autocorrelation of Maple Gold returns to help us make a trade decision. For example, suppose you find that Maple Gold 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 |
Maple 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 Maple Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maple Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maple Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Maple Gold Lagged Returns
When evaluating Maple Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maple Gold stock have on its future price. Maple 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, Maple Gold autocorrelation shows the relationship between Maple Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Maple Gold Mines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Maple Stock Analysis
When running Maple Gold's price analysis, check to measure Maple 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 Maple Gold is operating at the current time. Most of Maple Gold's value examination focuses on studying past and present price action to predict the probability of Maple 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 Maple Gold's price. Additionally, you may evaluate how the addition of Maple Gold to your portfolios can decrease your overall portfolio volatility.