Gitennes OTC Stock Performance

The company retains a Market Volatility (i.e., Beta) of -0.0289, which attests to not very significant fluctuations relative to the market. Let's try to break down what Gitennes's beta means in this case. As returns on the market increase, returns on owning Gitennes Expl are expected to decrease at a much lower rate. During the bear market, Gitennes Expl is likely to outperform the market. Even though it is essential to pay attention to Gitennes Expl current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Gitennes Expl exposes twenty-four different technical indicators, which can help you to evaluate its performance. Gitennes Expl has an expected return of -0.67%. Please be advised to check out Gitennes Expl jensen alpha, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Gitennes Expl performance from the past will be repeated at some point in the near future.
  
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Gitennes Performance
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Over the last 90 days Gitennes Expl has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Gitennes Expl is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Quick Ratio2.88
Fifty Two Week Low0.0198
Fifty Two Week High0.0828

Gitennes Expl Relative Risk vs. Return Landscape

If you would invest  3.34  in Gitennes Expl on March 30, 2022 and sell it today you would lose (1.36)  from holding Gitennes Expl or give up 40.72% of portfolio value over 90 days. Gitennes Expl is currently producing negative expected returns and takes up 5.2135% volatility of returns over 90 trading days. Put another way, 45% of traded otc stocks are less volatile than Gitennes, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Gitennes Expl is expected to under-perform the market. In addition to that, the company is 3.58 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

Gitennes Expl Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Gitennes Expl's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Gitennes Expl, and traders can use it to determine the average amount a Gitennes Expl's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.128

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Estimated Market Risk
 5.21
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 45 %
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 -0.67
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Based on monthly moving average Gitennes Expl is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gitennes Expl by adding it to a well-diversified portfolio.

About Gitennes Expl Performance

To evaluate Gitennes Expl OTC Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Gitennes Expl generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Gitennes OTC Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Gitennes Expl stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Gitennes's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Gitennes Exploration Inc., a junior mineral exploration company, acquires and explores for mineral properties in Peru and Canada. The company explores for gold, copper, and silver properties. Gitennes Expl is traded on OTC Exchange in the United States.

Things to note about Gitennes Expl

Checking the ongoing alerts about Gitennes Expl for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gitennes Expl help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Gitennes Expl Alerts

Equity Alerts and Improvement Suggestions

Gitennes Expl generated a negative expected return over the last 90 days
Gitennes Expl has high historical volatility and very poor performance
Gitennes Expl has some characteristics of a very speculative penny stock
Gitennes Expl has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (1.73 M).
Gitennes Expl has accumulated about 659.96 K in cash with (2.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Please check Risk vs Return Analysis. Note that the Gitennes Expl information on this page should be used as a complementary analysis to other Gitennes Expl'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Gitennes Expl price analysis, check to measure Gitennes Expl'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 Expl is operating at the current time. Most of Gitennes Expl's value examination focuses on studying past and present price action to predict the probability of Gitennes Expl's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Gitennes Expl's price. Additionally, you may evaluate how the addition of Gitennes Expl to your portfolios can decrease your overall portfolio volatility.
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Is Gitennes Expl's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gitennes Expl. If investors know Gitennes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gitennes Expl listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Gitennes Expl is measured differently than its book value, which is the value of Gitennes that is recorded on the company's balance sheet. Investors also form their own opinion of Gitennes Expl's value that differs from its market value or its book value, called intrinsic value, which is Gitennes Expl's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gitennes Expl's market value can be influenced by many factors that don't directly affect Gitennes Expl's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gitennes Expl's value and its price as these two are different measures arrived at by different means. Investors typically determine Gitennes Expl value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gitennes Expl's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.