Gfg Resources Stock Market Value
| GFGSF Stock | USD 0.11 0.01 8.33% |
| Symbol | GFG |
GFG Resources '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 GFG Resources' 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 GFG Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in GFG Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GFG Resources or generate 0.0% return on investment in GFG Resources over 30 days. GFG Resources is related to or competes with Robex Resources, Jaguar Mining, Grande Portage, Aurion Resources, Cassiar Gold, Dundee Precious, and Artemis Gold. GFG Resources Inc., an exploration company, engages in the acquisition and exploration of mineral properties in Canada a... More
GFG Resources 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 GFG Resources' 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 GFG Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.93 | |||
| Information Ratio | 0.0729 | |||
| Maximum Drawdown | 26.52 | |||
| Value At Risk | (7.40) | |||
| Potential Upside | 9.89 |
GFG Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GFG Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GFG Resources' standard deviation. In reality, there are many statistical measures that can use GFG Resources historical prices to predict the future GFG Resources' volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 0.5641 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0707 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GFG Resources' 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.
GFG Resources Backtested Returns
GFG Resources appears to be out of control, given 3 months investment horizon. GFG Resources holds Efficiency (Sharpe) Ratio of 0.0676, which attests that the entity had a 0.0676% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for GFG Resources, which you can use to evaluate the volatility of the firm. Please utilize GFG Resources' Market Risk Adjusted Performance of (0.59), semi deviation of 3.09, and Risk Adjusted Performance of 0.0853 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GFG Resources holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GFG Resources are expected to decrease at a much lower rate. During the bear market, GFG Resources is likely to outperform the market. Please check GFG Resources' jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether GFG Resources' current trending patterns will revert.
Auto-correlation | 0.46 |
Average predictability
GFG Resources has average predictability. Overlapping area represents the amount of predictability between GFG Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 GFG Resources price movement. The serial correlation of 0.46 indicates that about 46.0% of current GFG Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GFG Resources lagged returns against current returns
Autocorrelation, which is GFG Resources 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 GFG Resources' otc stock expected returns. We can calculate the autocorrelation of GFG Resources returns to help us make a trade decision. For example, suppose you find that GFG Resources 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 |
GFG Resources 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 GFG Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GFG Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GFG Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
GFG Resources Lagged Returns
When evaluating GFG Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GFG Resources otc stock have on its future price. GFG Resources 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, GFG Resources autocorrelation shows the relationship between GFG Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in GFG Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GFG OTC Stock
GFG Resources financial ratios help investors to determine whether GFG 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 GFG with respect to the benefits of owning GFG Resources security.