Group 6 (Australia) Market Value
| G6M Stock | 0.03 0.00 0.00% |
| Symbol | Group |
Group 6 '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 Group 6'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 Group 6.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Group 6 on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Group 6 Metals or generate 0.0% return on investment in Group 6 over 60 days. Group 6 is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Group 6 is entity of Australia. It is traded as Stock on AU exchange. More
Group 6 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 Group 6'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 Group 6 Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.85 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 47.63 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 8.33 |
Group 6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Group 6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Group 6's standard deviation. In reality, there are many statistical measures that can use Group 6 historical prices to predict the future Group 6's volatility.| Risk Adjusted Performance | 0.0294 | |||
| Jensen Alpha | 0.059 | |||
| Total Risk Alpha | (0.77) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 0.1954 |
Group 6 Metals Backtested Returns
Group 6 Metals holds Efficiency (Sharpe) Ratio of -0.0244, which attests that the entity had a -0.0244% return per unit of risk over the last 3 months. Group 6 Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Group 6's Risk Adjusted Performance of 0.0294, downside deviation of 8.85, and Market Risk Adjusted Performance of 0.2054 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Group 6's returns are expected to increase less than the market. However, during the bear market, the loss of holding Group 6 is expected to be smaller as well. At this point, Group 6 Metals has a negative expected return of -0.098%. Please make sure to check out Group 6's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Group 6 Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Group 6 Metals has perfect predictability. Overlapping area represents the amount of predictability between Group 6 time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 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 Group 6 Metals price movement. The serial correlation of 1.0 indicates that 100.0% of current Group 6 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 |
Group 6 Metals lagged returns against current returns
Autocorrelation, which is Group 6 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 Group 6's stock expected returns. We can calculate the autocorrelation of Group 6 returns to help us make a trade decision. For example, suppose you find that Group 6 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 |
Group 6 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 Group 6 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Group 6 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Group 6 stock over time.
Current vs Lagged Prices |
| Timeline |
Group 6 Lagged Returns
When evaluating Group 6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Group 6 stock have on its future price. Group 6 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, Group 6 autocorrelation shows the relationship between Group 6 stock current value and its past values and can show if there is a momentum factor associated with investing in Group 6 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Group Stock Analysis
When running Group 6's price analysis, check to measure Group 6'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 Group 6 is operating at the current time. Most of Group 6's value examination focuses on studying past and present price action to predict the probability of Group 6's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group 6's price. Additionally, you may evaluate how the addition of Group 6 to your portfolios can decrease your overall portfolio volatility.