Goldbank Mining Corp Stock Market Value
| GLB Stock | CAD 0.23 0.01 4.17% |
| Symbol | Goldbank |
Goldbank 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 Goldbank Mining'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 Goldbank Mining.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Goldbank Mining on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Goldbank Mining Corp or generate 0.0% return on investment in Goldbank Mining over 540 days. Goldbank Mining is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Goldbank Mining Corporation engages in the exploration and development of mineral properties More
Goldbank 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 Goldbank Mining'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 Goldbank Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.43 | |||
| Information Ratio | 0.0739 | |||
| Maximum Drawdown | 86.11 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 20.0 |
Goldbank Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldbank Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldbank Mining's standard deviation. In reality, there are many statistical measures that can use Goldbank Mining historical prices to predict the future Goldbank Mining's volatility.| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0609 | |||
| Treynor Ratio | (0.49) |
Goldbank Mining Corp Backtested Returns
Goldbank Mining is out of control given 3 months investment horizon. Goldbank Mining Corp holds Efficiency (Sharpe) Ratio of 0.0983, which attests that the entity had a 0.0983% 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 1.34% are justified by taking the suggested risk. Use Goldbank Mining Corp Risk Adjusted Performance of 0.0731, market risk adjusted performance of (0.48), and Downside Deviation of 16.43 to evaluate company specific risk that cannot be diversified away. Goldbank Mining holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -2.28, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Goldbank Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Goldbank Mining is expected to outperform it. Use Goldbank Mining Corp potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to analyze future returns on Goldbank Mining Corp.
Auto-correlation | -0.26 |
Weak reverse predictability
Goldbank Mining Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Goldbank Mining time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Goldbank Mining Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Goldbank Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldbank Mining Corp lagged returns against current returns
Autocorrelation, which is Goldbank Mining 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 Goldbank Mining's stock expected returns. We can calculate the autocorrelation of Goldbank Mining returns to help us make a trade decision. For example, suppose you find that Goldbank Mining 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 |
Goldbank 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 Goldbank Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldbank Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldbank Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Goldbank Mining Lagged Returns
When evaluating Goldbank Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldbank Mining stock have on its future price. Goldbank 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, Goldbank Mining autocorrelation shows the relationship between Goldbank Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Goldbank Mining Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Goldbank Stock Analysis
When running Goldbank Mining's price analysis, check to measure Goldbank Mining'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 Goldbank Mining is operating at the current time. Most of Goldbank Mining's value examination focuses on studying past and present price action to predict the probability of Goldbank Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldbank Mining's price. Additionally, you may evaluate how the addition of Goldbank Mining to your portfolios can decrease your overall portfolio volatility.