Western Gold Exploration Stock Market Value
| WGLD Stock | CAD 0.07 0.01 13.33% |
| Symbol | Western |
Western 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 Western 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 Western Gold.
| 05/21/2025 |
| 08/19/2025 |
If you would invest 0.00 in Western Gold on May 21, 2025 and sell it all today you would earn a total of 0.00 from holding Western Gold Exploration or generate 0.0% return on investment in Western Gold over 90 days. Western Gold is related to or competes with Rogers Communications, MAG Silver, Data Communications, GoldQuest Mining, WELL Health, and Arizona Gold. Western Gold Exploration Limited explores for and develops mineral properties More
Western 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 Western 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 Western Gold Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.9 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 20.0 |
Western Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Gold's standard deviation. In reality, there are many statistical measures that can use Western Gold historical prices to predict the future Western Gold's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.0852 | |||
| Total Risk Alpha | (1.01) | |||
| Sortino Ratio | 0.0068 | |||
| Treynor Ratio | 0.1473 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western 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.
Western Gold Exploration Backtested Returns
Western Gold appears to be out of control, given 3 months investment horizon. Western Gold Exploration shows Sharpe Ratio of 0.0248, which attests that the company had a 0.0248 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Gold Exploration, which you can use to evaluate the volatility of the company. Please utilize Western Gold's Market Risk Adjusted Performance of 0.1573, downside deviation of 19.9, and Mean Deviation of 3.8 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Gold holds a performance score of 1. The firm maintains a market beta of 1.55, which attests to 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, Western Gold will likely underperform. Please check Western Gold's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Western Gold's historical returns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Western Gold Exploration has good reverse predictability. Overlapping area represents the amount of predictability between Western Gold time series from 21st of May 2025 to 5th of July 2025 and 5th of July 2025 to 19th 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 Western Gold Exploration price movement. The serial correlation of -0.51 indicates that about 51.0% of current Western Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Gold Exploration lagged returns against current returns
Autocorrelation, which is Western 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 Western Gold's stock expected returns. We can calculate the autocorrelation of Western Gold returns to help us make a trade decision. For example, suppose you find that Western 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 |
Western 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 Western Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Western Gold Lagged Returns
When evaluating Western Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Gold stock have on its future price. Western 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, Western Gold autocorrelation shows the relationship between Western Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Western Gold Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Western Stock Analysis
When running Western Gold's price analysis, check to measure Western 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 Western Gold is operating at the current time. Most of Western Gold's value examination focuses on studying past and present price action to predict the probability of Western 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 Western Gold's price. Additionally, you may evaluate how the addition of Western Gold to your portfolios can decrease your overall portfolio volatility.