Goldgroup Mining Stock Market Value
| GGAZF Stock | USD 0.16 0.01 5.88% |
| Symbol | Goldgroup |
Goldgroup Mining '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 Goldgroup Mining's pink sheet 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 Goldgroup Mining.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Goldgroup Mining on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Goldgroup Mining or generate 0.0% return on investment in Goldgroup Mining over 720 days. Goldgroup Mining is related to or competes with Asante Gold, Bluestone Resources, Angus Gold, Sabre Gold, K92 Mining, I 80, and Newcore Gold. Goldgroup Mining Inc., together with its subsidiaries, focuses on the acquisition, exploration, and development of gold-... More
Goldgroup Mining 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 Goldgroup Mining's pink sheet 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 Goldgroup Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.01 | |||
| Information Ratio | 0.2079 | |||
| Maximum Drawdown | 54.29 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 22.22 |
Goldgroup Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldgroup Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldgroup Mining's standard deviation. In reality, there are many statistical measures that can use Goldgroup Mining historical prices to predict the future Goldgroup Mining's volatility.| Risk Adjusted Performance | 0.1874 | |||
| Jensen Alpha | 2.13 | |||
| Total Risk Alpha | 1.83 | |||
| Sortino Ratio | 0.1752 | |||
| Treynor Ratio | (99.06) |
Goldgroup Mining Backtested Returns
Goldgroup Mining is out of control given 3 months investment horizon. Goldgroup Mining holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.14% are justified by taking the suggested risk. Use Goldgroup Mining Downside Deviation of 12.01, risk adjusted performance of 0.1874, and Market Risk Adjusted Performance of (99.05) to evaluate company specific risk that cannot be diversified away. Goldgroup Mining holds a performance score of 16 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.0215, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldgroup Mining are expected to decrease at a much lower rate. During the bear market, Goldgroup Mining is likely to outperform the market. Use Goldgroup Mining total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Goldgroup Mining.
Auto-correlation | -0.56 |
Good reverse predictability
Goldgroup Mining has good reverse predictability. Overlapping area represents the amount of predictability between Goldgroup Mining time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldgroup Mining price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Goldgroup Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldgroup Mining lagged returns against current returns
Autocorrelation, which is Goldgroup Mining pink sheet'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 Goldgroup Mining's pink sheet expected returns. We can calculate the autocorrelation of Goldgroup Mining returns to help us make a trade decision. For example, suppose you find that Goldgroup Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Goldgroup Mining 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 Goldgroup Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldgroup Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldgroup Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goldgroup Mining Lagged Returns
When evaluating Goldgroup Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldgroup Mining pink sheet have on its future price. Goldgroup Mining 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, Goldgroup Mining autocorrelation shows the relationship between Goldgroup Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goldgroup Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goldgroup Pink Sheet
Goldgroup Mining financial ratios help investors to determine whether Goldgroup Pink Sheet 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 Goldgroup with respect to the benefits of owning Goldgroup Mining security.