Probe Gold Stock Market Value
| PRB Stock | 3.64 0.01 0.28% |
| Symbol | Probe |
Probe Gold Price To Book Ratio
Probe 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 Probe 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 Probe Gold.
| 12/20/2025 |
| 01/19/2026 |
If you would invest 0.00 in Probe Gold on December 20, 2025 and sell it all today you would earn a total of 0.00 from holding Probe Gold or generate 0.0% return on investment in Probe Gold over 30 days. Probe Gold is related to or competes with Omai Gold, ATEX Resources, Rusoro Mining, Amaroq Minerals, Thor Explorations, New Found, and Orezone Gold. Probe Gold is entity of Canada. It is traded as Stock on TO exchange. More
Probe 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 Probe 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 Probe Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 41.57 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 3.15 |
Probe Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Probe Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Probe Gold's standard deviation. In reality, there are many statistical measures that can use Probe Gold historical prices to predict the future Probe Gold's volatility.| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.449 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1308 | |||
| Treynor Ratio | (2.79) |
Probe Gold Backtested Returns
Probe Gold appears to be very risky, given 3 months investment horizon. Probe Gold maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. By analyzing Probe Gold's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please evaluate Probe Gold's Semi Deviation of 1.67, coefficient of variation of 1167.42, and Risk Adjusted Performance of 0.068 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Probe Gold holds a performance score of 8. The company holds a Beta of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Probe Gold are expected to decrease at a much lower rate. During the bear market, Probe Gold is likely to outperform the market. Please check Probe Gold's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Probe Gold's historical price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Probe Gold has very weak predictability. Overlapping area represents the amount of predictability between Probe Gold time series from 20th of December 2025 to 4th of January 2026 and 4th of January 2026 to 19th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Probe Gold price movement. The serial correlation of 0.17 indicates that over 17.0% of current Probe Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Probe Gold lagged returns against current returns
Autocorrelation, which is Probe 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 Probe Gold's stock expected returns. We can calculate the autocorrelation of Probe Gold returns to help us make a trade decision. For example, suppose you find that Probe 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 |
| Timeline |
Probe 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 Probe Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Probe Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Probe Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Probe Gold Lagged Returns
When evaluating Probe Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Probe Gold stock have on its future price. Probe 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, Probe Gold autocorrelation shows the relationship between Probe Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Probe Gold.
Regressed Prices |
| Timeline |
Pair Trading with Probe 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 Probe 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 Probe Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Probe Stock
| 0.7 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
Moving against Probe Stock
| 0.59 | AML | Argus Metals Corp | PairCorr |
| 0.55 | URZ | Urz Energy Corp | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Probe 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 Probe 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 Probe 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 Probe Gold to buy it.
The correlation of Probe 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 Probe Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Probe Gold 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 Probe 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.Other Information on Investing in Probe Stock
Probe Gold financial ratios help investors to determine whether Probe 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 Probe with respect to the benefits of owning Probe Gold security.