Pasofino Gold Limited Stock Market Value

VEIN Stock  CAD 0.42  0.02  5.00%   
Pasofino Gold's market value is the price at which a share of Pasofino Gold stock trades on a public exchange. It measures the collective expectations of Pasofino Gold Limited investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Pasofino Gold Limited and determine expected loss or profit from investing in Pasofino Gold over a given investment horizon.
Check out Pasofino Gold Correlation, Pasofino Gold Volatility and Pasofino Gold Alpha and Beta module to complement your research on Pasofino Gold.
Symbol

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

Pasofino 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 Pasofino 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 Pasofino Gold.
0.00
02/03/2024
No Change 0.00  0.0 
In 31 days
03/04/2024
0.00
If you would invest  0.00  in Pasofino Gold on February 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pasofino Gold Limited or generate 0.0% return on investment in Pasofino Gold over 30 days. Pasofino Gold is related to or competes with Aura Minerals, Wheaton Precious, Lavras Gold, Torex Gold, Imperial Metals, Wesdome Gold, and Silvercorp Metals. Enforcer Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More

Pasofino 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 Pasofino 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 Pasofino Gold Limited upside and downside potential and time the market with a certain degree of confidence.

Pasofino Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pasofino Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pasofino Gold's standard deviation. In reality, there are many statistical measures that can use Pasofino Gold historical prices to predict the future Pasofino Gold's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Pasofino 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. Please use the tools below to analyze the current value of Pasofino Gold in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.020.406.29
Details
Intrinsic
Valuation
LowRealHigh
0.020.346.23
Details
Naive
Forecast
LowNextHigh
0.010.376.26
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pasofino Gold. Your research has to be compared to or analyzed against Pasofino Gold's peers to derive any actionable benefits. When done correctly, Pasofino Gold'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 Pasofino Gold Limited.

Pasofino Gold Limited Backtested Returns

Pasofino Gold appears to be out of control, given 3 months investment horizon. Pasofino Gold Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0635, which implies the firm had 0.0635% return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Pasofino Gold Limited, which you can use to evaluate the future volatility of the company. Please evaluate Pasofino Gold's Semi Deviation of 3.9, coefficient of variation of 2082.12, and Risk Adjusted Performance of 0.0393 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pasofino Gold holds a performance score of 4. The company holds a Beta of 1.81, which implies 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, Pasofino Gold will likely underperform. By analyzing Pasofino Gold Limited technical indicators, you can presently evaluate if the expected return of 0.38% will be sustainable into the future. Please employ Pasofino Gold Limited value at risk, downside variance, and the relationship between the maximum drawdown and potential upside to make a quick decision on whether Pasofino Gold historical price patterns will revert.

Auto-correlation

    
  0.00  

No correlation between past and present

Pasofino Gold Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Pasofino Gold time series from 3rd of February 2024 to 18th of February 2024 and 18th of February 2024 to 4th of March 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 Pasofino Gold Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pasofino Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.0

Pasofino Gold Limited lagged returns against current returns

Autocorrelation, which is Pasofino 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 Pasofino Gold's stock expected returns. We can calculate the autocorrelation of Pasofino Gold returns to help us make a trade decision. For example, suppose you find that Pasofino Gold stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Pasofino 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 Pasofino Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pasofino Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pasofino Gold stock over time.
   Current vs Lagged Prices   
       Timeline  

Pasofino Gold Lagged Returns

When evaluating Pasofino Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pasofino Gold stock have on its future price. Pasofino 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, Pasofino Gold autocorrelation shows the relationship between Pasofino Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Pasofino Gold Limited.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pasofino Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pasofino Gold's short interest history, or implied volatility extrapolated from Pasofino Gold options trading.

Also Currently Popular

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.
Check out Pasofino Gold Correlation, Pasofino Gold Volatility and Pasofino Gold Alpha and Beta module to complement your research on Pasofino Gold.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Pasofino Stock analysis

When running Pasofino Gold's price analysis, check to measure Pasofino 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 Pasofino Gold is operating at the current time. Most of Pasofino Gold's value examination focuses on studying past and present price action to predict the probability of Pasofino 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 Pasofino Gold's price. Additionally, you may evaluate how the addition of Pasofino Gold to your portfolios can decrease your overall portfolio volatility.
Bonds Directory
Find actively traded corporate debentures issued by US companies
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Equity Valuation
Check real value of public entities based on technical and fundamental data
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Stocks Directory
Find actively traded stocks across global markets
Pasofino Gold 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 Pasofino Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Pasofino Gold 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...