Generation Mining Stock Market Value
| GENM Stock | CAD 0.23 0.01 4.17% |
| Symbol | Generation |
Generation Mining Price To Book Ratio
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.
| 04/06/2024 |
| 10/03/2024 |
If you would invest 0.00 in Generation Mining on April 6, 2024 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 180 days. Generation Mining is related to or competes with Brunswick Exploration, IShares Canadian, PHN Multi, Altagas Cum, Invesco SP, and EcoSynthetix. 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 | (0.08) | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.55 |
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 | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Generation Mining Backtested Returns
Generation Mining holds Efficiency (Sharpe) Ratio of -0.0514, which attests that the entity had a -0.0514% return per unit of risk over the last 3 months. Generation Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Generation Mining's Risk Adjusted Performance of (0.03), standard deviation of 3.47, and Market Risk Adjusted Performance of (1.22) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Generation Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Generation Mining is expected to be smaller as well. At this point, Generation Mining has a negative expected return of -0.18%. Please make sure to check out Generation Mining's 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 | -0.12 |
Insignificant reverse predictability
Generation Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Generation Mining time series from 6th of April 2024 to 5th of July 2024 and 5th of July 2024 to 3rd of October 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 Generation Mining price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Generation Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.59 | |
| 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 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 |
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 |
Pair Trading with Generation Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Generation Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Generation Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Generation Stock
Moving against Generation Stock
| 0.79 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.74 | WMT | Walmart Inc CDR | PairCorr |
| 0.73 | UNH | UnitedHealth Group CDR Earnings Call Next Week | PairCorr |
| 0.46 | COST | Costco Wholesale Corp | PairCorr |
The ability to find closely correlated positions to Generation Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Generation Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Generation Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Generation Mining to buy it.
The correlation of Generation Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Generation Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Generation Stock
Generation Mining financial ratios help investors to determine whether Generation Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Generation with respect to the benefits of owning Generation Mining security.