Granite Creek Copper Stock Market Value
| GCXXF Stock | USD 0.01 0.0001 0.79% |
| Symbol | Granite |
Granite Creek '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 Granite Creek's otc 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 Granite Creek.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Granite Creek on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Granite Creek Copper or generate 0.0% return on investment in Granite Creek over 30 days. Granite Creek is related to or competes with Macmahon Holdings, Prime Meridian, Erdene Resource, Silver X, South Star, and Aurelia Metals. Granite Creek Copper Ltd., an exploration company, engages in the acquisition, exploration, and development of mineral p... More
Granite Creek 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 Granite Creek's otc 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 Granite Creek Copper upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 51.27 | |||
| Value At Risk | (17.39) | |||
| Potential Upside | 18.84 |
Granite Creek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Creek's standard deviation. In reality, there are many statistical measures that can use Granite Creek historical prices to predict the future Granite Creek's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (1.61) | |||
| Treynor Ratio | (17.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Creek'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.
Granite Creek Copper Backtested Returns
Granite Creek appears to be out of control, given 3 months investment horizon. Granite Creek Copper holds Efficiency (Sharpe) Ratio of 0.0258, which attests that the entity had a 0.0258% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Granite Creek Copper, which you can use to evaluate the volatility of the firm. Please utilize Granite Creek's risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (17.33) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Granite Creek holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 0.0107, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Granite Creek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Granite Creek is expected to be smaller as well. Please check Granite Creek's jensen alpha and the relationship between the potential upside and period momentum indicator , to make a quick decision on whether Granite Creek's current trending patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Granite Creek Copper has good predictability. Overlapping area represents the amount of predictability between Granite Creek time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Granite Creek Copper price movement. The serial correlation of 0.79 indicates that around 79.0% of current Granite Creek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Granite Creek Copper lagged returns against current returns
Autocorrelation, which is Granite Creek otc 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 Granite Creek's otc stock expected returns. We can calculate the autocorrelation of Granite Creek returns to help us make a trade decision. For example, suppose you find that Granite Creek has exhibited high autocorrelation historically, and you observe that the otc 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 |
Granite Creek 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 Granite Creek otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Creek otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Creek otc stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Creek Lagged Returns
When evaluating Granite Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Creek otc stock have on its future price. Granite Creek 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, Granite Creek autocorrelation shows the relationship between Granite Creek otc stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Creek Copper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Granite OTC Stock
Granite Creek financial ratios help investors to determine whether Granite OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Granite with respect to the benefits of owning Granite Creek security.