Gmv Minerals Stock Market Value
| GMV Stock | CAD 0.14 0.01 7.69% |
| Symbol | GMV |
GMV Minerals Price To Book Ratio
GMV Minerals '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 GMV Minerals' 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 GMV Minerals.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in GMV Minerals on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding GMV Minerals or generate 0.0% return on investment in GMV Minerals over 30 days. GMV Minerals is related to or competes with Altamira Gold, and Adamera Minerals. GMV Minerals Inc., an exploration stage company, engages in the sourcing and exploration of mineral properties in Arizon... More
GMV Minerals 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 GMV Minerals' 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 GMV Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.12 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 14.29 |
GMV Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GMV Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GMV Minerals' standard deviation. In reality, there are many statistical measures that can use GMV Minerals historical prices to predict the future GMV Minerals' volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.0744 | |||
| Total Risk Alpha | (0.91) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.1604 |
GMV Minerals Backtested Returns
GMV Minerals appears to be out of control, given 3 months investment horizon. GMV Minerals holds Efficiency (Sharpe) Ratio of 0.0661, which attests that the entity had a 0.0661% return per unit of volatility over the last 3 months. By analyzing GMV Minerals' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize GMV Minerals' risk adjusted performance of 0.0466, and Market Risk Adjusted Performance of 0.1704 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GMV Minerals holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 2.27, 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, GMV Minerals will likely underperform. Please check GMV Minerals' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether GMV Minerals' current trending patterns will revert.
Auto-correlation | 0.46 |
Average predictability
GMV Minerals has average predictability. Overlapping area represents the amount of predictability between GMV Minerals time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 GMV Minerals price movement. The serial correlation of 0.46 indicates that about 46.0% of current GMV Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GMV Minerals lagged returns against current returns
Autocorrelation, which is GMV Minerals 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 GMV Minerals' stock expected returns. We can calculate the autocorrelation of GMV Minerals returns to help us make a trade decision. For example, suppose you find that GMV Minerals 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 |
GMV Minerals 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 GMV Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GMV Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GMV Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
GMV Minerals Lagged Returns
When evaluating GMV Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GMV Minerals stock have on its future price. GMV Minerals 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, GMV Minerals autocorrelation shows the relationship between GMV Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in GMV Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GMV Stock Analysis
When running GMV Minerals' price analysis, check to measure GMV Minerals' 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 GMV Minerals is operating at the current time. Most of GMV Minerals' value examination focuses on studying past and present price action to predict the probability of GMV Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GMV Minerals' price. Additionally, you may evaluate how the addition of GMV Minerals to your portfolios can decrease your overall portfolio volatility.