Maple Gold Mines Stock Market Value

MGM Stock  CAD 0.06  0.01  9.09%   
Maple Gold's market value is the price at which a share of Maple Gold trades on a public exchange. It measures the collective expectations of Maple Gold Mines investors about its performance. Maple Gold is selling for under 0.06 as of the 22nd of June 2024; that is 9.09 percent up since the beginning of the trading day. The stock's lowest day price was 0.06.
With this module, you can estimate the performance of a buy and hold strategy of Maple Gold Mines and determine expected loss or profit from investing in Maple Gold over a given investment horizon. Check out Maple Gold Correlation, Maple Gold Volatility and Maple Gold Alpha and Beta module to complement your research on Maple Gold.

Maple Gold Mines Price To Book Ratio

Please note, there is a significant difference between Maple Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Maple Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Maple Gold'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.

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.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in Maple Gold on May 23, 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 Ivanhoe Energy, Faraday Copper, NVIDIA CDR, and Bird Construction. 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.

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.
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.
Estimates (0)
LowProjected EPSHigh

Maple Gold Mines Backtested Returns

We consider Maple Gold out of control. Maple Gold Mines has Sharpe Ratio of 0.0096, which conveys that the firm had a 0.0096% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Maple Gold, which you can use to evaluate the volatility of the firm. Please verify Maple Gold's Mean Deviation of 3.96, downside deviation of 9.41, and Risk Adjusted Performance of 0.0293 to check out if the risk estimate we provide is consistent with the expected return of 0.0583%. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Maple Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Maple Gold is expected to be smaller as well. Maple Gold Mines right now secures a risk of 6.1%. Please verify Maple Gold Mines maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Maple Gold Mines will be following its current price movements.



Below average predictability

Maple Gold Mines has below average predictability. Overlapping area represents the amount of predictability between Maple Gold time series from 23rd of May 2024 to 7th of June 2024 and 7th of June 2024 to 22nd 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 Maple Gold Mines price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Maple Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

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   

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   

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   

Pair Trading with Maple Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Maple Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Maple Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Maple Stock

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The ability to find closely correlated positions to Maple Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maple Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Maple Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Maple Gold Mines to buy it.
The correlation of Maple Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Maple Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maple Gold Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Maple Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

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.