Dakota Gold Corp Stock Market Value
| DC Stock | USD 2.64 0.07 2.58% |
| Symbol | Dakota |
Dakota Gold Corp Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dakota Gold. If investors know Dakota will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dakota Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Return On Assets (0.23) | Return On Equity (0.37) |
The market value of Dakota Gold Corp is measured differently than its book value, which is the value of Dakota that is recorded on the company's balance sheet. Investors also form their own opinion of Dakota Gold's value that differs from its market value or its book value, called intrinsic value, which is Dakota Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dakota Gold's market value can be influenced by many factors that don't directly affect Dakota Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dakota Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dakota Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dakota Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Dakota 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 Dakota 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 Dakota Gold.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Dakota Gold on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Dakota Gold Corp or generate 0.0% return on investment in Dakota Gold over 30 days. Dakota Gold is related to or competes with Hycroft Mining, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. Dakota Gold Corp. engages in the acquisition and exploration of mineral properties More
Dakota 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 Dakota 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 Dakota Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 20.55 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.46 |
Dakota Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dakota Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dakota Gold's standard deviation. In reality, there are many statistical measures that can use Dakota Gold historical prices to predict the future Dakota Gold's volatility.| Risk Adjusted Performance | 0.0703 | |||
| Jensen Alpha | 0.3748 | |||
| Total Risk Alpha | 0.3367 | |||
| Sortino Ratio | 0.1044 | |||
| Treynor Ratio | 0.2883 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dakota 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.
Dakota Gold Corp Backtested Returns
Dakota Gold appears to be unstable, given 3 months investment horizon. Dakota Gold Corp secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dakota Gold Corp, which you can use to evaluate the volatility of the firm. Please utilize Dakota Gold's Downside Deviation of 3.62, coefficient of variation of 1006.19, and Mean Deviation of 2.87 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dakota Gold holds a performance score of 7. The firm shows a Beta (market volatility) of 1.33, which means 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, Dakota Gold will likely underperform. Please check Dakota Gold's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Dakota Gold's price patterns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Dakota Gold Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Dakota Gold time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 Dakota Gold Corp price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Dakota Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dakota Gold Corp lagged returns against current returns
Autocorrelation, which is Dakota 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 Dakota Gold's stock expected returns. We can calculate the autocorrelation of Dakota Gold returns to help us make a trade decision. For example, suppose you find that Dakota 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 |
Dakota 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 Dakota Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dakota Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dakota Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Dakota Gold Lagged Returns
When evaluating Dakota Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dakota Gold stock have on its future price. Dakota 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, Dakota Gold autocorrelation shows the relationship between Dakota Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Dakota Gold Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Dakota Stock
When determining whether Dakota Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dakota Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dakota Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dakota Gold Corp Stock:Check out Dakota Gold Correlation, Dakota Gold Volatility and Dakota Gold Alpha and Beta module to complement your research on Dakota Gold. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Dakota Gold technical 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, stock market cycles, or different charting patterns.