Us Goldmining Common Stock Market Value

USGO Stock   5.84  0.87  12.97%   
US GoldMining's market value is the price at which a share of US GoldMining trades on a public exchange. It measures the collective expectations of US GoldMining Common investors about its performance. US GoldMining is selling at 5.84 as of the 21st of April 2024; that is -12.97 percent decrease since the beginning of the trading day. The stock's open price was 6.71.
With this module, you can estimate the performance of a buy and hold strategy of US GoldMining Common and determine expected loss or profit from investing in US GoldMining over a given investment horizon. Check out US GoldMining Correlation, US GoldMining Volatility and US GoldMining Alpha and Beta module to complement your research on US GoldMining.
Symbol

US GoldMining Common Price To Book Ratio

Is US GoldMining's industry 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.
0.00
03/22/2024
No Change 0.00  0.0 
In 30 days
04/21/2024
0.00
If you would invest  0.00  in US GoldMining on March 22, 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 30 days. US GoldMining is related to or competes with EMX Royalty, Western Copper, Nevada King, Aftermath Silver, NorthIsle Copper, IperionX Limited, and Materion. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
1.285.8410.40
Details
Intrinsic
Valuation
LowRealHigh
3.938.4913.05
Details
Naive
Forecast
LowNextHigh
0.935.4910.05
Details
2 Analysts
Consensus
LowTargetHigh
15.7017.2519.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as US GoldMining. Your research has to be compared to or analyzed against US GoldMining's peers to derive any actionable benefits. When done correctly, US GoldMining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in US GoldMining Common.

US GoldMining Common Backtested Returns

We consider US GoldMining slightly risky. US GoldMining Common retains Efficiency (Sharpe Ratio) of 0.0031, which indicates the firm had a 0.0031% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for US GoldMining, which you can use to evaluate the volatility of the company. Please validate US GoldMining's Risk Adjusted Performance of (0.01), standard deviation of 4.57, and Mean Deviation of 3.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0143%. The entity owns a Beta (Systematic Risk) of 0.034, which indicates not very significant fluctuations relative to the market. 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. US GoldMining Common at this moment owns a risk of 4.56%. Please validate US GoldMining Common potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if US GoldMining Common will be following its current price history.

Auto-correlation

    
  -0.6  

Good reverse predictability

US GoldMining Common has good reverse predictability. Overlapping area represents the amount of predictability between US GoldMining time series from 22nd of March 2024 to 6th of April 2024 and 6th of April 2024 to 21st 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 US GoldMining Common price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current US GoldMining price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.21

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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.
Note that the US GoldMining Common information on this page should be used as a complementary analysis to other US GoldMining'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 Transaction History module to view history of all your transactions and understand their impact on performance.

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When running US GoldMining's price analysis, check to measure US GoldMining'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 US GoldMining is operating at the current time. Most of US GoldMining's value examination focuses on studying past and present price action to predict the probability of US GoldMining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move US GoldMining's price. Additionally, you may evaluate how the addition of US GoldMining to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of US GoldMining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of US GoldMining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...