GOLDGROUP MINING (Germany) Market Value
| 55G0 Stock | 0.02 0.0005 2.17% |
| Symbol | GOLDGROUP |
GOLDGROUP MINING '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 GOLDGROUP MINING'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 GOLDGROUP MINING.
| 03/17/2024 |
| 05/16/2024 |
If you would invest 0.00 in GOLDGROUP MINING on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding GOLDGROUP MINING INC or generate 0.0% return on investment in GOLDGROUP MINING over 60 days. GOLDGROUP MINING is related to or competes with United Internet, Charter Communications, Aegean Airlines, HEMISPHERE EGY, and Bank of America. More
GOLDGROUP MINING 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 GOLDGROUP MINING'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 GOLDGROUP MINING INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.59 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 50.27 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 9.76 |
GOLDGROUP MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOLDGROUP MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOLDGROUP MINING's standard deviation. In reality, there are many statistical measures that can use GOLDGROUP MINING historical prices to predict the future GOLDGROUP MINING's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.7614 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | 1.66 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GOLDGROUP MINING'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.
GOLDGROUP MINING INC Backtested Returns
GOLDGROUP MINING appears to be out of control, given 3 months investment horizon. GOLDGROUP MINING INC holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By analyzing GOLDGROUP MINING's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize GOLDGROUP MINING's Semi Deviation of 2.45, risk adjusted performance of 0.0841, and Market Risk Adjusted Performance of 1.67 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOLDGROUP MINING holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GOLDGROUP MINING's returns are expected to increase less than the market. However, during the bear market, the loss of holding GOLDGROUP MINING is expected to be smaller as well. Please check GOLDGROUP MINING's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether GOLDGROUP MINING's current trending patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
GOLDGROUP MINING INC has virtually no predictability. Overlapping area represents the amount of predictability between GOLDGROUP MINING time series from 17th of March 2024 to 16th of April 2024 and 16th of April 2024 to 16th 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 GOLDGROUP MINING INC price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current GOLDGROUP MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GOLDGROUP MINING INC lagged returns against current returns
Autocorrelation, which is GOLDGROUP MINING 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 GOLDGROUP MINING's stock expected returns. We can calculate the autocorrelation of GOLDGROUP MINING returns to help us make a trade decision. For example, suppose you find that GOLDGROUP MINING 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 |
GOLDGROUP MINING 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 GOLDGROUP MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOLDGROUP MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOLDGROUP MINING stock over time.
Current vs Lagged Prices |
| Timeline |
GOLDGROUP MINING Lagged Returns
When evaluating GOLDGROUP MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOLDGROUP MINING stock have on its future price. GOLDGROUP MINING 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, GOLDGROUP MINING autocorrelation shows the relationship between GOLDGROUP MINING stock current value and its past values and can show if there is a momentum factor associated with investing in GOLDGROUP MINING INC.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GOLDGROUP MINING in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GOLDGROUP MINING's short interest history, or implied volatility extrapolated from GOLDGROUP MINING options trading.
Thematic Opportunities
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Check out GOLDGROUP MINING Correlation, GOLDGROUP MINING Volatility and GOLDGROUP MINING Alpha and Beta module to complement your research on GOLDGROUP MINING. Note that the GOLDGROUP MINING INC information on this page should be used as a complementary analysis to other GOLDGROUP MINING's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for GOLDGROUP Stock analysis
When running GOLDGROUP MINING's price analysis, check to measure GOLDGROUP MINING'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 GOLDGROUP MINING is operating at the current time. Most of GOLDGROUP MINING's value examination focuses on studying past and present price action to predict the probability of GOLDGROUP MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOLDGROUP MINING's price. Additionally, you may evaluate how the addition of GOLDGROUP MINING to your portfolios can decrease your overall portfolio volatility.
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