Gn Store Nord Stock Market Value
| GNNDY Stock | USD 56.48 1.17 2.12% |
| Symbol | GNNDY |
GN Store '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 GN Store'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 GN Store.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in GN Store on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding GN Store Nord or generate 0.0% return on investment in GN Store over 30 days. GN Store is related to or competes with Bone Biologics, BICO Group, and Tenon Medical. GN Store Nord AS develops, manufactures, and markets audio and video communications solutions for medical, professional,... More
GN Store 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 GN Store'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 GN Store Nord upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 8.52 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 2.73 |
GN Store Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GN Store's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GN Store's standard deviation. In reality, there are many statistical measures that can use GN Store historical prices to predict the future GN Store's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (12.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GN Store'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.
GN Store Nord Backtested Returns
GN Store Nord retains Efficiency (Sharpe Ratio) of -0.19, which attests that the entity had a -0.19% return per unit of price deviation over the last 3 months. GN Store exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GN Store's Market Risk Adjusted Performance of (12.30), coefficient of variation of (476.39), and Information Ratio of (0.28) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0329, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GN Store's returns are expected to increase less than the market. However, during the bear market, the loss of holding GN Store is expected to be smaller as well. At this point, GN Store Nord has a negative expected return of -0.35%. Please make sure to check out GN Store's jensen alpha, as well as the relationship between the kurtosis and period momentum indicator , to decide if GN Store Nord performance from the past will be repeated sooner or later.
Auto-correlation | -0.24 |
Weak reverse predictability
GN Store Nord has weak reverse predictability. Overlapping area represents the amount of predictability between GN Store time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 GN Store Nord price movement. The serial correlation of -0.24 indicates that over 24.0% of current GN Store price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 3.14 |
GN Store Nord lagged returns against current returns
Autocorrelation, which is GN Store 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 GN Store's pink sheet expected returns. We can calculate the autocorrelation of GN Store returns to help us make a trade decision. For example, suppose you find that GN Store 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 |
GN Store 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 GN Store pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GN Store pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GN Store pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GN Store Lagged Returns
When evaluating GN Store's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GN Store pink sheet have on its future price. GN Store 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, GN Store autocorrelation shows the relationship between GN Store pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GN Store Nord.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for GNNDY Pink Sheet Analysis
When running GN Store's price analysis, check to measure GN Store'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 GN Store is operating at the current time. Most of GN Store's value examination focuses on studying past and present price action to predict the probability of GN Store's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GN Store's price. Additionally, you may evaluate how the addition of GN Store to your portfolios can decrease your overall portfolio volatility.