K2 Gold Stock Market Value
| KTGDF Stock | USD 0.08 0.01 11.22% |
| Symbol | KTGDF |
K2 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 K2 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 K2 Gold.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in K2 Gold on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding K2 Gold or generate 0.0% return on investment in K2 Gold over 30 days. K2 Gold is related to or competes with Chesapeake Energy, Chesapeake Energy, Advantage Solutions, Atlas Corp, PureCycle Technologies, GCM Grosvenor, and AST SpaceMobile. K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projec... More
K2 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 K2 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 K2 Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.56 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 48.64 | |||
| Value At Risk | (13.56) | |||
| Potential Upside | 18.42 |
K2 Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K2 Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K2 Gold's standard deviation. In reality, there are many statistical measures that can use K2 Gold historical prices to predict the future K2 Gold's volatility.| Risk Adjusted Performance | 0.0556 | |||
| Jensen Alpha | 0.8018 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of K2 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.
K2 Gold Backtested Returns
K2 Gold appears to be out of control, given 3 months investment horizon. K2 Gold retains Efficiency (Sharpe Ratio) of 0.0823, which conveys that the company had a 0.0823% return per unit of price deviation over the last 3 months. By analyzing K2 Gold's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise K2 Gold's Standard Deviation of 9.69, market risk adjusted performance of (0.47), and Mean Deviation of 6.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K2 Gold holds a performance score of 6. The firm owns a Beta (Systematic Risk) of -1.47, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning K2 Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, K2 Gold is expected to outperform it. Please check K2 Gold's downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether K2 Gold's current price history will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
K2 Gold has very weak reverse predictability. Overlapping area represents the amount of predictability between K2 Gold time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of K2 Gold price movement. The serial correlation of -0.02 indicates that only 2.0% of current K2 Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
K2 Gold lagged returns against current returns
Autocorrelation, which is K2 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 K2 Gold's otc stock expected returns. We can calculate the autocorrelation of K2 Gold returns to help us make a trade decision. For example, suppose you find that K2 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 |
| Timeline |
K2 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 K2 Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K2 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 K2 Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
K2 Gold Lagged Returns
When evaluating K2 Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K2 Gold otc stock have on its future price. K2 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, K2 Gold autocorrelation shows the relationship between K2 Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in K2 Gold.
Regressed Prices |
| Timeline |
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Complementary Tools for KTGDF OTC Stock analysis
When running K2 Gold's price analysis, check to measure K2 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 K2 Gold is operating at the current time. Most of K2 Gold's value examination focuses on studying past and present price action to predict the probability of K2 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 K2 Gold's price. Additionally, you may evaluate how the addition of K2 Gold to your portfolios can decrease your overall portfolio volatility.
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K2 Gold technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.