Gatos Silver Stock Market Value
| GATO Stock | USD 16.18 0.25 1.52% |
| Symbol | Gatos |
Gatos Silver Price To Book Ratio
Is Diversified Metals & Mining space 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 Gatos Silver. If investors know Gatos 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 Gatos Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.66 | Earnings Share 0.47 | Return On Assets (0.04) | Return On Equity 0.075 |
The market value of Gatos Silver is measured differently than its book value, which is the value of Gatos that is recorded on the company's balance sheet. Investors also form their own opinion of Gatos Silver's value that differs from its market value or its book value, called intrinsic value, which is Gatos Silver'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 Gatos Silver's market value can be influenced by many factors that don't directly affect Gatos Silver'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 Gatos Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gatos Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gatos Silver'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.
Gatos Silver '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 Gatos Silver'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 Gatos Silver.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Gatos Silver on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gatos Silver or generate 0.0% return on investment in Gatos Silver over 360 days. Gatos Silver is related to or competes with Endeavour Silver, Metalla Royalty, New Pacific, Hecla Mining, SilverCrest Metals, Vox Royalty, and McEwen Mining. Gatos Silver, Inc. engages in the exploration, development, and production of precious metals More
Gatos Silver 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 Gatos Silver'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 Gatos Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0717 | |||
| Maximum Drawdown | 20.65 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 7.11 |
Gatos Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gatos Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gatos Silver's standard deviation. In reality, there are many statistical measures that can use Gatos Silver historical prices to predict the future Gatos Silver's volatility.| Risk Adjusted Performance | 0.0834 | |||
| Jensen Alpha | 0.3682 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | 1.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gatos Silver'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.
Gatos Silver Backtested Returns
Gatos Silver appears to be somewhat reliable, given 3 months investment horizon. Gatos Silver holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gatos Silver, which you can use to evaluate the volatility of the firm. Please utilize Gatos Silver's Market Risk Adjusted Performance of 1.78, risk adjusted performance of 0.0834, and Downside Deviation of 3.2 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gatos Silver holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gatos Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gatos Silver is expected to be smaller as well. Please check Gatos Silver's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Gatos Silver's current trending patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Gatos Silver has very good predictability. Overlapping area represents the amount of predictability between Gatos Silver time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Gatos Silver price movement. The serial correlation of 0.81 indicates that around 81.0% of current Gatos Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 7.14 |
Gatos Silver lagged returns against current returns
Autocorrelation, which is Gatos Silver 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 Gatos Silver's stock expected returns. We can calculate the autocorrelation of Gatos Silver returns to help us make a trade decision. For example, suppose you find that Gatos Silver 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 |
Gatos Silver 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 Gatos Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gatos Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gatos Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Gatos Silver Lagged Returns
When evaluating Gatos Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gatos Silver stock have on its future price. Gatos Silver 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, Gatos Silver autocorrelation shows the relationship between Gatos Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Gatos Silver.
Regressed Prices |
| Timeline |
Pair Trading with Gatos Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gatos Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gatos Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Gatos Stock
| 0.61 | HL | Hecla Mining | PairCorr |
| 0.71 | VOXR | Vox Royalty Corp | PairCorr |
| 0.92 | ASM | Avino Silver Gold | PairCorr |
| 0.92 | EXK | Endeavour Silver Corp | PairCorr |
Moving against Gatos Stock
The ability to find closely correlated positions to Gatos Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatos Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gatos Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gatos Silver to buy it.
The correlation of Gatos Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gatos Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatos Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gatos Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Gatos Silver Correlation, Gatos Silver Volatility and Gatos Silver Alpha and Beta module to complement your research on Gatos Silver. To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Gatos Silver 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.