Generation Mining Stock Market Value
| GENM Stock | CAD 0.24 0.02 9.09% |
| Symbol | Generation |
Generation 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 Generation 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 Generation Mining.
| 09/30/2023 |
| 11/29/2023 |
If you would invest 0.00 in Generation Mining on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Generation Mining or generate 0.0% return on investment in Generation Mining over 60 days. Generation Mining is related to or competes with Costco Wholesale, Boardwalktech Software, Slate Office, Converge Technology, InPlay Oil, Cogeco Communications, and Primaris Retail. Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal depos... More
Generation 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 Generation 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 Generation Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.76 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.5 |
Generation Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Generation Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Generation Mining's standard deviation. In reality, there are many statistical measures that can use Generation Mining historical prices to predict the future Generation Mining's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Generation 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. Please use the tools below to analyze the current value of Generation Mining in the context of predictive analytics.
Generation Mining Backtested Returns
Generation Mining holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had -0.15% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Generation Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Generation Mining Market Risk Adjusted Performance of (0.35), standard deviation of 5.45, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.6325, which attests to 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, Generation Mining will likely underperform. Generation Mining exposes twenty-one different technical indicators, which can help you to evaluate its performance. Generation Mining has an expected return of -0.79%. Please make sure to check out Generation Mining information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio to decide if Generation Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Generation Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Generation Mining time series from 30th of September 2023 to 30th of October 2023 and 30th of October 2023 to 29th of November 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Generation Mining price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Generation Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Generation Mining lagged returns against current returns
Autocorrelation, which is Generation 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 Generation Mining's stock expected returns. We can calculate the autocorrelation of Generation Mining returns to help us make a trade decision. For example, suppose you find that Generation Mining stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Generation 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 Generation Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Generation Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Generation Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Generation Mining Lagged Returns
When evaluating Generation Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Generation Mining stock have on its future price. Generation 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, Generation Mining autocorrelation shows the relationship between Generation Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Generation Mining.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Generation Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Generation Mining using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Generation Mining Correlation, Generation Mining Volatility and Generation Mining Alpha and Beta module to complement your research on Generation Mining. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Generation Stock analysis
When running Generation Mining's price analysis, check to measure Generation 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 Generation Mining is operating at the current time. Most of Generation Mining's value examination focuses on studying past and present price action to predict the probability of Generation 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 Generation Mining's price. Additionally, you may evaluate how the addition of Generation Mining to your portfolios can decrease your overall portfolio volatility.
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Generation Mining 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.