Discovery Gold Corp Stock Volatility

GRNF Stock  USD 0.10  0.02  16.67%   
We consider Discovery Gold out of control. Discovery Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0067, which denotes the company had 0.0067% return per unit of risk over the last 3 months. Our standpoint towards predicting 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-one technical indicators for Discovery Gold Corp, which you can use to evaluate the future volatility of the firm. Please confirm Discovery Gold's Mean Deviation of 6.31, variance of 128.14, and Standard Deviation of 11.32 to check if the risk estimate we provide is consistent with the expected return of 0.0766%. Key indicators related to Discovery Gold's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Discovery Gold Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Discovery daily returns, and it is calculated using variance and standard deviation. We also use Discovery's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Discovery Gold volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Discovery Gold can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Discovery Gold at lower prices. For example, an investor can purchase Discovery stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Discovery Gold's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

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Discovery Gold Market Sensitivity And Downside Risk

Discovery Gold's beta coefficient measures the volatility of Discovery pink sheet compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Discovery pink sheet's returns against your selected market. In other words, Discovery Gold's beta of -2.17 provides an investor with an approximation of how much risk Discovery Gold pink sheet can potentially add to one of your existing portfolios.
Discovery Gold Corp is displaying above-average volatility over the selected time horizon. Investors should scrutinize Discovery Gold Corp independently to ensure intended market timing strategies are aligned with expectations about Discovery Gold volatility. Discovery Gold Corp is a potential penny stock. Although Discovery Gold may be in fact a good instrument to invest, many penny pink sheets are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Discovery Gold Corp. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Discovery instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Discovery Gold Corp Demand Trend
Check current 90 days Discovery Gold correlation with market (NYSE Composite)

Discovery Beta

    
  -2.17  
Discovery standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  11.39  
It is essential to understand the difference between upside risk (as represented by Discovery Gold's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Discovery Gold's daily returns or price. Since the actual investment returns on holding a position in discovery pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Discovery Gold.

Discovery Gold Corp Pink Sheet Volatility Analysis

Volatility refers to the frequency at which Discovery Gold pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Discovery Gold's price changes. Investors will then calculate the volatility of Discovery Gold's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Discovery Gold's volatility:

Historical Volatility

This type of pink sheet volatility measures Discovery Gold's fluctuations based on previous trends. It's commonly used to predict Discovery Gold's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Discovery Gold's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Discovery Gold's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Discovery Gold Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
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Discovery Gold Projected Return Density Against Market

Given the investment horizon of 90 days Discovery Gold Corp has a beta of -2.1707 . This usually indicates as returns on its benchmark rise, returns on holding Discovery Gold Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Discovery Gold is expected to outperform its benchmark.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Discovery Gold or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Discovery Gold's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Discovery pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Discovery Gold Corp is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
Discovery Gold's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how discovery pink sheet's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Discovery Gold Price Volatility?

Several factors can influence a pink sheet's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Discovery Gold Pink Sheet Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Discovery Gold or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Discovery Gold's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Discovery pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Given the investment horizon of 90 days the coefficient of variation of Discovery Gold is 14872.34. The daily returns are distributed with a variance of 129.74 and standard deviation of 11.39. The mean deviation of Discovery Gold Corp is currently at 6.07. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α
Alpha over NYSE Composite
-0.1
β
Beta against NYSE Composite-2.17
σ
Overall volatility
11.39
Ir
Information ratio -0.05

Discovery Gold Pink Sheet Return Volatility

Discovery Gold historical daily return volatility represents how much of Discovery Gold pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 11.3903% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.64% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Discovery Gold Volatility

Volatility is a rate at which the price of Discovery Gold or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Discovery Gold may increase or decrease. In other words, similar to Discovery's beta indicator, it measures the risk of Discovery Gold and helps estimate the fluctuations that may happen in a short period of time. So if prices of Discovery Gold fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
GRN Holding Corporation does not have significant operations. GRN Holding Corporation was founded in 2010 and is headquartered in Seattle, Washington. Grn Holding operates under Shell Companies classification in the United States and is traded on OTC Exchange.
Discovery Gold's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Discovery Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Discovery Gold's price varies over time.

3 ways to utilize Discovery Gold's volatility to invest better

Higher Discovery Gold's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Discovery Gold Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Discovery Gold Corp stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Discovery Gold Corp investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Discovery Gold's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Discovery Gold's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Discovery Gold Investment Opportunity

Discovery Gold Corp has a volatility of 11.39 and is 17.8 times more volatile than NYSE Composite. 96  of all equities and portfolios are less risky than Discovery Gold. Compared to the overall equity markets, volatility of historical daily returns of Discovery Gold Corp is higher than 96 () of all global equities and portfolios over the last 90 days. Use Discovery Gold Corp to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Discovery Gold to be traded at $0.095 in 90 days.

Good diversification

The correlation between Discovery Gold Corp and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Discovery Gold Corp and NYA in the same portfolio, assuming nothing else is changed.

Discovery Gold Additional Risk Indicators

The analysis of Discovery Gold's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Discovery Gold's investment and either accepting that risk or mitigating it. Along with some common measures of Discovery Gold pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Discovery Gold Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Discovery Gold as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Discovery Gold's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Discovery Gold's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Discovery Gold Corp.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Discovery Gold Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
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When running Discovery Gold's price analysis, check to measure Discovery 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 Discovery Gold is operating at the current time. Most of Discovery Gold's value examination focuses on studying past and present price action to predict the probability of Discovery 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 Discovery Gold's price. Additionally, you may evaluate how the addition of Discovery Gold to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Discovery Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Discovery Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discovery 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.