GBM Gold technical analysis makes it possible for you to employ historical prices
and volume momentum with intention to determine a pattern that calculates the direction of the entity future prices. In other words you can use this information to find out if the entity will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers
for GBM Gold Ltd which can be compared to its competitors. Please check out GBM Gold Ltd Standard Deviation
, Information Ratio
, Treynor Ratio
, as well as the relationship
and Jensen Alpha
to decide if GBM Gold is priced more or less accurately providing market reflects its last-minute price of 0.015 per share. Use GBM Gold Ltd (#AU000000GBM3AU) technical analysis concurrently with your other holdings, portfolios, and investing themes to protect against small markets fluctuations and to back test it against optimization strategy that fits your risk preferences.
Use this graph to draw trend lines for GBM Gold Ltd. You can use it to identify possible trend reversals for GBM Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual GBM Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
GBM Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for GBM Gold Ltd applied against its price change over selected period. The best fit line has a slop of 0.0001 %
which means GBM Gold Ltd will continue generating value for investors. It has 36 observation points and regression sum of squers of 0.0 which is sum of squared deviations of the predicted GBM Gold price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||GBM Gold || |
GBM Gold has a best fit line with a correlation coefficient of 0.3. and coefficient of determination of 0.09. Note, that the company has price-to-book (p/b) ratio of 1.15.