Galane Gold Stock Market Value
| GG Stock | CAD 0.32 0.03 8.57% |
| Symbol | Galane |
Galane Gold Price To Book Ratio
Galane Gold '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 Galane Gold'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 Galane Gold.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Galane Gold on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Galane Gold or generate 0.0% return on investment in Galane Gold over 720 days. Galane Gold is related to or competes with Gitennes Exploration. Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties More
Galane Gold 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 Galane Gold'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 Galane Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.18 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 31.11 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.52 |
Galane Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galane Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galane Gold's standard deviation. In reality, there are many statistical measures that can use Galane Gold historical prices to predict the future Galane Gold's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.1698 | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | 0.5141 |
Galane Gold Backtested Returns
Galane Gold appears to be out of control, given 3 months investment horizon. Galane Gold holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Galane Gold's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize Galane Gold's Downside Deviation of 9.18, market risk adjusted performance of 0.5241, and Risk Adjusted Performance of 0.0384 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Galane Gold holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Galane Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Galane Gold is expected to be smaller as well. Please check Galane Gold's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Galane Gold's current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Galane Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Galane Gold time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Galane Gold price movement. The serial correlation of -0.69 indicates that around 69.0% of current Galane Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galane Gold lagged returns against current returns
Autocorrelation, which is Galane Gold 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 Galane Gold's stock expected returns. We can calculate the autocorrelation of Galane Gold returns to help us make a trade decision. For example, suppose you find that Galane Gold 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 |
Galane Gold 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 Galane Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galane Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galane Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Galane Gold Lagged Returns
When evaluating Galane Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galane Gold stock have on its future price. Galane Gold 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, Galane Gold autocorrelation shows the relationship between Galane Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Galane Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Galane Stock Analysis
When running Galane Gold's price analysis, check to measure Galane Gold'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 Galane Gold is operating at the current time. Most of Galane Gold's value examination focuses on studying past and present price action to predict the probability of Galane Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galane Gold's price. Additionally, you may evaluate how the addition of Galane Gold to your portfolios can decrease your overall portfolio volatility.