Gitennes Exploration Stock Price on April 8, 2021
If you're considering investing in Gitennes Pink Sheet, it is important to understand the factors that can impact its price. Gitennes Exploration holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. Gitennes Exploration exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gitennes Exploration's Market Risk Adjusted Performance of (0.47), risk adjusted performance of (0.13), and Standard Deviation of 9.54 to validate the risk estimate we provide.
Gitennes Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Gitennes |
Sharpe Ratio = -0.2147
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| Negative Returns | GILXF |
Estimated Market Risk
| 9.54 actual daily | 84 84% of assets are less volatile |
Expected Return
| -2.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Gitennes Exploration is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gitennes Exploration by adding Gitennes Exploration to a well-diversified portfolio.
Gitennes Exploration Valuation on April 8, 2021
It is possible to determine the worth of Gitennes Exploration on a given historical date. On April 8, 2021 Gitennes was worth 0.0334 at the beginning of the trading date compared to the closed value of 0.0334. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gitennes Exploration pink sheet. Still, in general, we apply an absolute valuation method to find Gitennes Exploration's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gitennes Exploration where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gitennes Exploration's related companies.
| Open | High | Low | Close | Volume | |
04/01/2022 | 0.03 | 0.03 | 0.03 | 0.03 | 1.00 |
| 0.03 | 0.03 | 0.03 | 0.03 | 1.00 |
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Gitennes Exploration Trading Date Momentum on April 8, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Gitennes Exploration Fundamentals Correlations and Trends
By evaluating Gitennes Exploration's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gitennes Exploration's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gitennes financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gitennes Exploration Pink Sheet history
Gitennes Exploration investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gitennes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gitennes Exploration will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gitennes Exploration stock prices may prove useful in developing a viable investing in Gitennes Exploration
Gitennes Exploration Inc., a junior mineral exploration company, acquires and explores for mineral properties in Peru and Canada. The company explores for gold, copper, and silver properties. Gitennes Expl is traded on OTC Exchange in the United States.
Gitennes Exploration Pink Sheet Technical Analysis
Gitennes Exploration technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Gitennes Exploration Period Price Range
Low | April 1, 2022
| High |
0.03 | 0.03 |
Gitennes Exploration April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Gitennes Exploration pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gitennes Exploration shares will generate the highest return on investment. By undertsting and applying Gitennes Exploration pink sheet market strength indicators, traders can identify Gitennes Exploration entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.0334 | |||
| Day Typical Price | 0.0334 | |||
| Period Momentum Indicator | (0.03) |
Gitennes Exploration Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gitennes Exploration's price direction in advance. Along with the technical and fundamental analysis of Gitennes Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gitennes to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (2.28) | |||
| Total Risk Alpha | (2.86) | |||
| Treynor Ratio | (0.48) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gitennes Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Gitennes Pink Sheet analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration'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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.
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