Goldspot Discoveries Corp Stock Market Value
| SPOT Stock | CAD 0.19 0.01 5.56% |
| Symbol | Goldspot |
Goldspot Discoveries '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 Goldspot Discoveries' 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 Goldspot Discoveries.
| 05/05/2025 |
| 08/03/2025 |
If you would invest 0.00 in Goldspot Discoveries on May 5, 2025 and sell it all today you would earn a total of 0.00 from holding Goldspot Discoveries Corp or generate 0.0% return on investment in Goldspot Discoveries over 90 days. Goldspot Discoveries is related to or competes with National Bank, North American, Xtract One, E L, Manulife Financial, and Micron Technology,. GoldSpot Discoveries Corp. operates as a technology services company in mineral exploration More
Goldspot Discoveries 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 Goldspot Discoveries' 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 Goldspot Discoveries Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.83 | |||
| Information Ratio | 0.0396 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 12.5 |
Goldspot Discoveries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldspot Discoveries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldspot Discoveries' standard deviation. In reality, there are many statistical measures that can use Goldspot Discoveries historical prices to predict the future Goldspot Discoveries' volatility.| Risk Adjusted Performance | 0.0546 | |||
| Jensen Alpha | 0.3522 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | (3.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goldspot Discoveries' 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.
Goldspot Discoveries Corp Backtested Returns
Goldspot Discoveries appears to be out of control, given 3 months investment horizon. Goldspot Discoveries Corp holds Efficiency (Sharpe) Ratio of 0.0583, which attests that the entity had a 0.0583 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Goldspot Discoveries Corp, which you can use to evaluate the volatility of the firm. Please utilize Goldspot Discoveries' Downside Deviation of 7.83, market risk adjusted performance of (3.73), and Risk Adjusted Performance of 0.0546 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goldspot Discoveries holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.0917, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldspot Discoveries are expected to decrease at a much lower rate. During the bear market, Goldspot Discoveries is likely to outperform the market. Please check Goldspot Discoveries' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Goldspot Discoveries' current trending patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Goldspot Discoveries Corp has good reverse predictability. Overlapping area represents the amount of predictability between Goldspot Discoveries time series from 5th of May 2025 to 19th of June 2025 and 19th of June 2025 to 3rd 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 Goldspot Discoveries Corp price movement. The serial correlation of -0.54 indicates that about 54.0% of current Goldspot Discoveries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldspot Discoveries Corp lagged returns against current returns
Autocorrelation, which is Goldspot Discoveries 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 Goldspot Discoveries' stock expected returns. We can calculate the autocorrelation of Goldspot Discoveries returns to help us make a trade decision. For example, suppose you find that Goldspot Discoveries 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 |
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Goldspot Discoveries 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 Goldspot Discoveries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldspot Discoveries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldspot Discoveries stock over time.
Current vs Lagged Prices |
| Timeline |
Goldspot Discoveries Lagged Returns
When evaluating Goldspot Discoveries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldspot Discoveries stock have on its future price. Goldspot Discoveries 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, Goldspot Discoveries autocorrelation shows the relationship between Goldspot Discoveries stock current value and its past values and can show if there is a momentum factor associated with investing in Goldspot Discoveries Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goldspot Stock Analysis
When running Goldspot Discoveries' price analysis, check to measure Goldspot Discoveries' 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 Goldspot Discoveries is operating at the current time. Most of Goldspot Discoveries' value examination focuses on studying past and present price action to predict the probability of Goldspot Discoveries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldspot Discoveries' price. Additionally, you may evaluate how the addition of Goldspot Discoveries to your portfolios can decrease your overall portfolio volatility.