Granada Gold Mine Stock Market Value
| GGM Stock | CAD 0.03 0.01 16.67% |
| Symbol | Granada |
Granada Gold Mine Price To Book Ratio
Granada 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 Granada 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 Granada Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Granada Gold on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Granada Gold Mine or generate 0.0% return on investment in Granada Gold over 30 days. Granada Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Granada Gold Mine Inc., a junior natural resource company, acquires, explores for, and develops mineral properties in Ca... More
Granada 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 Granada 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 Granada Gold Mine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.89 | |||
| Information Ratio | 0.0286 | |||
| Maximum Drawdown | 75.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Granada Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granada Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granada Gold's standard deviation. In reality, there are many statistical measures that can use Granada Gold historical prices to predict the future Granada Gold's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.5531 | |||
| Total Risk Alpha | (1.65) | |||
| Sortino Ratio | 0.0154 | |||
| Treynor Ratio | (1.09) |
Granada Gold Mine Backtested Returns
Granada Gold is out of control given 3 months investment horizon. Granada Gold Mine holds Efficiency (Sharpe) Ratio of 0.0844, which attests that the entity had a 0.0844% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Granada Gold Mine market risk adjusted performance of (1.08), and Risk Adjusted Performance of 0.0394 to evaluate company specific risk that cannot be diversified away. Granada Gold holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Granada Gold are expected to decrease at a much lower rate. During the bear market, Granada Gold is likely to outperform the market. Use Granada Gold Mine value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to analyze future returns on Granada Gold Mine.
Auto-correlation | 0.40 |
Average predictability
Granada Gold Mine has average predictability. Overlapping area represents the amount of predictability between Granada Gold time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Granada Gold Mine price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Granada Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Granada Gold Mine lagged returns against current returns
Autocorrelation, which is Granada 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 Granada Gold's stock expected returns. We can calculate the autocorrelation of Granada Gold returns to help us make a trade decision. For example, suppose you find that Granada 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 |
Granada 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 Granada Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granada Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granada Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Granada Gold Lagged Returns
When evaluating Granada Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granada Gold stock have on its future price. Granada 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, Granada Gold autocorrelation shows the relationship between Granada Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Granada Gold Mine.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Granada Stock Analysis
When running Granada Gold's price analysis, check to measure Granada 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 Granada Gold is operating at the current time. Most of Granada Gold's value examination focuses on studying past and present price action to predict the probability of Granada 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 Granada Gold's price. Additionally, you may evaluate how the addition of Granada Gold to your portfolios can decrease your overall portfolio volatility.