Ggx Gold Corp Stock Market Value
| GGXXF Stock | USD 0.02 0 21.47% |
| Symbol | GGX |
GGX 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 GGX Gold'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 GGX Gold.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in GGX Gold on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding GGX Gold Corp or generate 0.0% return on investment in GGX Gold over 720 days. GGX Gold is related to or competes with GFG Resources, Jaguar Mining, K92 Mining, Torex Gold, Dynacor Gold, Galane Gold, and Calibre Mining. GGX Gold Corp., a junior mineral exploration company, acquires, explores for, and develops mineral properties in Canada More
GGX 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 GGX Gold'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 GGX Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.16 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 56.94 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 21.47 |
GGX Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GGX Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GGX Gold's standard deviation. In reality, there are many statistical measures that can use GGX Gold historical prices to predict the future GGX Gold's volatility.| Risk Adjusted Performance | 0.0695 | |||
| Jensen Alpha | 0.6246 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | 0.4775 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GGX Gold'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.
GGX Gold Corp Backtested Returns
GGX Gold is out of control given 3 months investment horizon. GGX Gold Corp holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use GGX Gold Corp market risk adjusted performance of 0.4875, and Risk Adjusted Performance of 0.0695 to evaluate company specific risk that cannot be diversified away. GGX Gold holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.61, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GGX Gold will likely underperform. Use GGX Gold Corp downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on GGX Gold Corp.
Auto-correlation | 0.52 |
Modest predictability
GGX Gold Corp has modest predictability. Overlapping area represents the amount of predictability between GGX Gold time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st 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 GGX Gold Corp price movement. The serial correlation of 0.52 indicates that about 52.0% of current GGX Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GGX Gold Corp lagged returns against current returns
Autocorrelation, which is GGX Gold 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 GGX Gold's pink sheet expected returns. We can calculate the autocorrelation of GGX Gold returns to help us make a trade decision. For example, suppose you find that GGX Gold 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 |
GGX 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 GGX Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GGX Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GGX Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GGX Gold Lagged Returns
When evaluating GGX Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GGX Gold pink sheet have on its future price. GGX 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, GGX Gold autocorrelation shows the relationship between GGX Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GGX Gold Corp.
Regressed Prices |
| Timeline |
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Other Information on Investing in GGX Pink Sheet
GGX Gold financial ratios help investors to determine whether GGX 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 GGX with respect to the benefits of owning GGX Gold security.