Grizzly Discoveries Stock Market Value
| GZD Stock | CAD 0.03 0.01 16.67% |
| Symbol | Grizzly |
Grizzly Discoveries Price To Book Ratio
Grizzly Discoveries '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 Grizzly Discoveries' 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 Grizzly Discoveries.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Grizzly Discoveries on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Grizzly Discoveries or generate 0.0% return on investment in Grizzly Discoveries over 30 days. Grizzly Discoveries is related to or competes with Alphamin Res. Grizzly Discoveries Inc. engages in the acquisition, exploration, and development of mineral properties in Canada More
Grizzly Discoveries 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 Grizzly Discoveries' 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 Grizzly Discoveries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.88 | |||
| Information Ratio | 0.0673 | |||
| Maximum Drawdown | 66.67 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Grizzly Discoveries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grizzly Discoveries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grizzly Discoveries' standard deviation. In reality, there are many statistical measures that can use Grizzly Discoveries historical prices to predict the future Grizzly Discoveries' volatility.| Risk Adjusted Performance | 0.0549 | |||
| Jensen Alpha | 1.65 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.048 | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grizzly Discoveries' 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.
Grizzly Discoveries Backtested Returns
Grizzly Discoveries is out of control given 3 months investment horizon. Grizzly Discoveries holds Efficiency (Sharpe) Ratio of 0.0699, which attests that the entity had a 0.0699% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Grizzly Discoveries Market Risk Adjusted Performance of (0.35), risk adjusted performance of 0.0549, and Downside Deviation of 25.88 to evaluate company specific risk that cannot be diversified away. Grizzly Discoveries holds a performance score of 5 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -3.72, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Grizzly Discoveries are expected to decrease by larger amounts. On the other hand, during market turmoil, Grizzly Discoveries is expected to outperform it. Use Grizzly Discoveries jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to analyze future returns on Grizzly Discoveries.
Auto-correlation | 0.21 |
Weak predictability
Grizzly Discoveries has weak predictability. Overlapping area represents the amount of predictability between Grizzly Discoveries time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Grizzly Discoveries price movement. The serial correlation of 0.21 indicates that over 21.0% of current Grizzly Discoveries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grizzly Discoveries lagged returns against current returns
Autocorrelation, which is Grizzly Discoveries 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 Grizzly Discoveries' stock expected returns. We can calculate the autocorrelation of Grizzly Discoveries returns to help us make a trade decision. For example, suppose you find that Grizzly Discoveries 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 |
Grizzly Discoveries 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 Grizzly Discoveries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grizzly Discoveries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grizzly Discoveries stock over time.
Current vs Lagged Prices |
| Timeline |
Grizzly Discoveries Lagged Returns
When evaluating Grizzly Discoveries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grizzly Discoveries stock have on its future price. Grizzly Discoveries 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, Grizzly Discoveries autocorrelation shows the relationship between Grizzly Discoveries stock current value and its past values and can show if there is a momentum factor associated with investing in Grizzly Discoveries.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Grizzly Discoveries Correlation, Grizzly Discoveries Volatility and Grizzly Discoveries Alpha and Beta module to complement your research on Grizzly Discoveries. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Grizzly Stock analysis
When running Grizzly Discoveries' price analysis, check to measure Grizzly Discoveries' 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 Grizzly Discoveries is operating at the current time. Most of Grizzly Discoveries' value examination focuses on studying past and present price action to predict the probability of Grizzly Discoveries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grizzly Discoveries' price. Additionally, you may evaluate how the addition of Grizzly Discoveries to your portfolios can decrease your overall portfolio volatility.
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