Gitennes Exploration Stock Market Value
| GILXF Stock | USD 0 0.00 0.00% |
| Symbol | Gitennes |
Gitennes Exploration '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 Gitennes Exploration's pink sheet 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 Gitennes Exploration.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Gitennes Exploration on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Gitennes Exploration or generate 0.0% return on investment in Gitennes Exploration over 30 days. Gitennes Exploration is related to or competes with Adriatic Metals, and Amarc Resources. Gitennes Exploration Inc., a junior mineral exploration company, acquires and explores for mineral properties in Peru an... More
Gitennes Exploration 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 Gitennes Exploration's pink sheet 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 Gitennes Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 52.0 |
Gitennes Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gitennes Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gitennes Exploration's standard deviation. In reality, there are many statistical measures that can use Gitennes Exploration historical prices to predict the future Gitennes Exploration's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.91) | |||
| Total Risk Alpha | (3.20) | |||
| Treynor Ratio | 8.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gitennes Exploration'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.
Gitennes Exploration Backtested Returns
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 sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gitennes Exploration's Standard Deviation of 9.25, risk adjusted performance of (0.12), and Market Risk Adjusted Performance of 8.28 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gitennes Exploration are expected to decrease at a much lower rate. During the bear market, Gitennes Exploration is likely to outperform the market. Gitennes Exploration has an expected return of -2.05%. Please make sure to check out Gitennes Exploration treynor ratio and day median price , to decide if Gitennes Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Gitennes Exploration has no correlation between past and present. Overlapping area represents the amount of predictability between Gitennes Exploration 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 Gitennes Exploration price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gitennes Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gitennes Exploration lagged returns against current returns
Autocorrelation, which is Gitennes Exploration pink sheet'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 Gitennes Exploration's pink sheet expected returns. We can calculate the autocorrelation of Gitennes Exploration returns to help us make a trade decision. For example, suppose you find that Gitennes Exploration has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Gitennes Exploration 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 Gitennes Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gitennes Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gitennes Exploration pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Gitennes Exploration Lagged Returns
When evaluating Gitennes Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gitennes Exploration pink sheet have on its future price. Gitennes Exploration 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, Gitennes Exploration autocorrelation shows the relationship between Gitennes Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gitennes Exploration.
Regressed Prices |
| Timeline |
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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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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.