Getty Copper Stock Market Value
| GTC Stock | CAD 0.05 0.00 0.00% |
| Symbol | Getty |
Getty Copper '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 Getty Copper'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 Getty Copper.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Getty Copper on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Getty Copper or generate 0.0% return on investment in Getty Copper over 30 days. Getty Copper is related to or competes with Toronto Cleantech, Data Communications, Bird Construction, and Givex Information. Getty Copper Inc. engages in the acquisition and exploration of natural resource properties in Canada More
Getty Copper 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 Getty Copper'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 Getty Copper upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 41.67 |
Getty Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Getty Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Getty Copper's standard deviation. In reality, there are many statistical measures that can use Getty Copper historical prices to predict the future Getty Copper's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.1361 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Getty Copper'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.
Getty Copper Backtested Returns
Getty Copper appears to be out of control, given 3 months investment horizon. Getty Copper holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Getty Copper, which you can use to evaluate the volatility of the firm. Please utilize Getty Copper's Market Risk Adjusted Performance of (0.43), risk adjusted performance of 0.0239, and Standard Deviation of 5.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Getty Copper holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Getty Copper are expected to decrease at a much lower rate. During the bear market, Getty Copper is likely to outperform the market. Please check Getty Copper's treynor ratio and rate of daily change , to make a quick decision on whether Getty Copper's current trending patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
Getty Copper has perfect predictability. Overlapping area represents the amount of predictability between Getty Copper time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Getty Copper price movement. The serial correlation of 1.0 indicates that 100.0% of current Getty Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Getty Copper lagged returns against current returns
Autocorrelation, which is Getty Copper 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 Getty Copper's stock expected returns. We can calculate the autocorrelation of Getty Copper returns to help us make a trade decision. For example, suppose you find that Getty Copper 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 |
Getty Copper 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 Getty Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Getty Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Getty Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Getty Copper Lagged Returns
When evaluating Getty Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Getty Copper stock have on its future price. Getty Copper 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, Getty Copper autocorrelation shows the relationship between Getty Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Getty Copper.
Regressed Prices |
| Timeline |
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Complementary Tools for Getty Stock analysis
When running Getty Copper's price analysis, check to measure Getty Copper'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 Getty Copper is operating at the current time. Most of Getty Copper's value examination focuses on studying past and present price action to predict the probability of Getty Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Getty Copper's price. Additionally, you may evaluate how the addition of Getty Copper to your portfolios can decrease your overall portfolio volatility.
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Getty Copper 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.