Gitennes Exploration Stock Market Value
| GIT Stock | CAD 0.25 0.02 8.70% |
| Symbol | Gitennes |
Gitennes Exploration '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 Gitennes Exploration'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 Gitennes Exploration.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Gitennes Exploration on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gitennes Exploration or generate 0.0% return on investment in Gitennes Exploration over 360 days. Gitennes Exploration is related to or competes with IShares Canadian, PHN Multi, and Altagas Cum. Gitennes Exploration Inc. explores for mineral deposits in Peru and Canada More
Gitennes Exploration 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 Gitennes Exploration'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 Gitennes Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.61 | |||
| Information Ratio | 0.1566 | |||
| Maximum Drawdown | 158.19 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 33.33 |
Gitennes Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gitennes Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gitennes Exploration's standard deviation. In reality, there are many statistical measures that can use Gitennes Exploration historical prices to predict the future Gitennes Exploration's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 3.19 | |||
| Total Risk Alpha | 0.641 | |||
| Sortino Ratio | 0.2379 | |||
| Treynor Ratio | 2.32 |
Gitennes Exploration Backtested Returns
Gitennes Exploration is out of control given 3 months investment horizon. Gitennes Exploration holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.68% are justified by taking the suggested risk. Use Gitennes Exploration Market Risk Adjusted Performance of 2.33, risk adjusted performance of 0.1331, and Downside Deviation of 13.61 to evaluate company specific risk that cannot be diversified away. Gitennes Exploration holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.44, 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, Gitennes Exploration will likely underperform. Use Gitennes Exploration maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Gitennes Exploration.
Auto-correlation | -0.58 |
Good reverse predictability
Gitennes Exploration has good reverse predictability. Overlapping area represents the amount of predictability between Gitennes Exploration time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Gitennes Exploration price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Gitennes Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gitennes Exploration lagged returns against current returns
Autocorrelation, which is Gitennes Exploration 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 Gitennes Exploration's stock expected returns. We can calculate the autocorrelation of Gitennes Exploration returns to help us make a trade decision. For example, suppose you find that Gitennes Exploration 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 |
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Gitennes Exploration 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 Gitennes Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gitennes Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gitennes Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Gitennes Exploration Lagged Returns
When evaluating Gitennes Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gitennes Exploration stock have on its future price. Gitennes Exploration 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, Gitennes Exploration autocorrelation shows the relationship between Gitennes Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Gitennes Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gitennes Stock Analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration'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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.