Getchell Gold Corp Stock Market Value
| GGLDF Stock | USD 0.12 0.01 7.69% |
| Symbol | Getchell |
Getchell Gold '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 Getchell Gold's otc 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 Getchell Gold.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Getchell Gold on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Getchell Gold Corp or generate 0.0% return on investment in Getchell Gold over 30 days. Getchell Gold is related to or competes with Osisko Mining, Almadex Minerals, Galiano Gold, and US Gold. Getchell Gold Corp., a junior resource exploration company, engages in the identification, acquisition, exploration, and... More
Getchell Gold 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 Getchell Gold's otc 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 Getchell Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.35 | |||
| Information Ratio | 0.055 | |||
| Maximum Drawdown | 34.95 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 14.29 |
Getchell Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Getchell Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Getchell Gold's standard deviation. In reality, there are many statistical measures that can use Getchell Gold historical prices to predict the future Getchell Gold's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.2949 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0476 | |||
| Treynor Ratio | 0.265 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Getchell Gold'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.
Getchell Gold Corp Backtested Returns
Getchell Gold appears to be out of control, given 3 months investment horizon. Getchell Gold Corp holds Efficiency (Sharpe) Ratio of 0.031, which attests that the entity had a 0.031% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Getchell Gold Corp, which you can use to evaluate the volatility of the firm. Please utilize Getchell Gold's Downside Deviation of 7.35, market risk adjusted performance of 0.275, and Risk Adjusted Performance of 0.0527 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Getchell Gold holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 1.64, 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, Getchell Gold will likely underperform. Please check Getchell Gold's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Getchell Gold's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Getchell Gold Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Getchell Gold time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Getchell Gold Corp price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Getchell Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Getchell Gold Corp lagged returns against current returns
Autocorrelation, which is Getchell Gold otc 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 Getchell Gold's otc stock expected returns. We can calculate the autocorrelation of Getchell Gold returns to help us make a trade decision. For example, suppose you find that Getchell Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Getchell Gold 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 Getchell Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Getchell Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Getchell Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Getchell Gold Lagged Returns
When evaluating Getchell Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Getchell Gold otc stock have on its future price. Getchell Gold 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, Getchell Gold autocorrelation shows the relationship between Getchell Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Getchell Gold Corp.
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 Getchell Gold 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, Getchell Gold's short interest history, or implied volatility extrapolated from Getchell Gold options trading.
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Try AI Portfolio ArchitectCheck out Getchell Gold Correlation, Getchell Gold Volatility and Getchell Gold Alpha and Beta module to complement your research on Getchell Gold. Note that the Getchell Gold Corp information on this page should be used as a complementary analysis to other Getchell Gold'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Getchell OTC Stock analysis
When running Getchell Gold's price analysis, check to measure Getchell Gold'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 Getchell Gold is operating at the current time. Most of Getchell Gold's value examination focuses on studying past and present price action to predict the probability of Getchell Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Getchell Gold's price. Additionally, you may evaluate how the addition of Getchell Gold to your portfolios can decrease your overall portfolio volatility.
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Getchell Gold technical otc 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, otc market cycles, or different charting patterns.