Gen Iii Oil Stock Market Value
| GIII Stock | CAD 0.23 0.01 4.55% |
| Symbol | Gen |
Gen III Oil Price To Book Ratio
Gen III '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 Gen III'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 Gen III.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gen III on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gen III Oil or generate 0.0% return on investment in Gen III over 180 days. Gen III is related to or competes with Tsodilo Resources, Golden Pursuit, and Black Mammoth. Gen III Oil Corporation operates as an oil processing company in Canada More
Gen III 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 Gen III'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 Gen III Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.6 | |||
| Information Ratio | 0.0362 | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 11.11 |
Gen III Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gen III's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gen III's standard deviation. In reality, there are many statistical measures that can use Gen III historical prices to predict the future Gen III's volatility.| Risk Adjusted Performance | 0.0506 | |||
| Jensen Alpha | 0.1639 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | 0.0327 | |||
| Treynor Ratio | 0.2097 |
Gen III Oil Backtested Returns
Gen III appears to be out of control, given 3 months investment horizon. Gen III Oil holds Efficiency (Sharpe) Ratio of 0.0546, which attests that the entity had a 0.0546% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gen III Oil, which you can use to evaluate the volatility of the firm. Please utilize Gen III's Downside Deviation of 7.6, market risk adjusted performance of 0.2197, and Risk Adjusted Performance of 0.0506 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gen III holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 1.74, 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, Gen III will likely underperform. Please check Gen III's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Gen III's current trending patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Gen III Oil has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gen III time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Gen III Oil price movement. The serial correlation of -0.18 indicates that over 18.0% of current Gen III price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gen III Oil lagged returns against current returns
Autocorrelation, which is Gen III 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 Gen III's stock expected returns. We can calculate the autocorrelation of Gen III returns to help us make a trade decision. For example, suppose you find that Gen III 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 |
Gen III 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 Gen III stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gen III stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gen III stock over time.
Current vs Lagged Prices |
| Timeline |
Gen III Lagged Returns
When evaluating Gen III's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gen III stock have on its future price. Gen III 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, Gen III autocorrelation shows the relationship between Gen III stock current value and its past values and can show if there is a momentum factor associated with investing in Gen III Oil.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gen Stock Analysis
When running Gen III's price analysis, check to measure Gen III'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 Gen III is operating at the current time. Most of Gen III's value examination focuses on studying past and present price action to predict the probability of Gen III's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gen III's price. Additionally, you may evaluate how the addition of Gen III to your portfolios can decrease your overall portfolio volatility.