Element79 Gold Corp Stock Market Value
| ELMGF Stock | USD 0.03 0 3.64% |
| Symbol | Element79 |
Element79 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 Element79 Gold's otc 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 Element79 Gold.
| 05/13/2025 |
| 08/11/2025 |
If you would invest 0.00 in Element79 Gold on May 13, 2025 and sell it all today you would earn a total of 0.00 from holding Element79 Gold Corp or generate 0.0% return on investment in Element79 Gold over 90 days. Element79 Gold is related to or competes with White Gold, Surge Battery, and Pampa Metals. Element79 Gold Corp., a mineral exploration company, focuses on the acquisition, exploration, and development of gold as... More
Element79 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 Element79 Gold's otc 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 Element79 Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.58 | |||
| Information Ratio | 0.1253 | |||
| Maximum Drawdown | 99.35 | |||
| Value At Risk | (19.14) | |||
| Potential Upside | 27.97 |
Element79 Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element79 Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Element79 Gold's standard deviation. In reality, there are many statistical measures that can use Element79 Gold historical prices to predict the future Element79 Gold's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 2.18 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1688 | |||
| Treynor Ratio | (2.13) |
Element79 Gold Corp Backtested Returns
Element79 Gold is out of control given 3 months investment horizon. Element79 Gold Corp secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17 % return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.68% are justified by taking the suggested risk. Use Element79 Gold Coefficient Of Variation of 750.81, downside deviation of 11.58, and Mean Deviation of 10.02 to evaluate company specific risk that cannot be diversified away. Element79 Gold holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.97, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Element79 Gold are expected to decrease slowly. On the other hand, during market turmoil, Element79 Gold is expected to outperform it slightly. Use Element79 Gold maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on Element79 Gold.
Auto-correlation | 0.82 |
Very good predictability
Element79 Gold Corp has very good predictability. Overlapping area represents the amount of predictability between Element79 Gold time series from 13th of May 2025 to 27th of June 2025 and 27th of June 2025 to 11th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Element79 Gold Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Element79 Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Element79 Gold Corp lagged returns against current returns
Autocorrelation, which is Element79 Gold otc 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 Element79 Gold's otc stock expected returns. We can calculate the autocorrelation of Element79 Gold returns to help us make a trade decision. For example, suppose you find that Element79 Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Element79 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 Element79 Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Element79 Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Element79 Gold otc stock over time.
Current vs Lagged Prices |
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Element79 Gold Lagged Returns
When evaluating Element79 Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Element79 Gold otc stock have on its future price. Element79 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, Element79 Gold autocorrelation shows the relationship between Element79 Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Element79 Gold Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Element79 OTC Stock
Element79 Gold financial ratios help investors to determine whether Element79 OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Element79 with respect to the benefits of owning Element79 Gold security.