Gomga Resources Stock Market Value
| GOMRF Stock | USD 0.07 0.00 0.00% |
| Symbol | GéoMégA |
GéoMégA Resources '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 GéoMégA Resources' otc 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 GéoMégA Resources.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in GéoMégA Resources on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding GoMgA Resources or generate 0.0% return on investment in GéoMégA Resources over 30 days. GéoMégA Resources is related to or competes with FPX Nickel, Power Metals, Lynas Rare, Texas Rare, Ucore Rare, Piedmont Lithium, and Sigma Lithium. Geomega Resources Inc. engages in the acquisition, evaluation, and exploration of mining properties in Canada More
GéoMégA Resources 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 GéoMégA Resources' otc 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 GoMgA Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.04 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 70.83 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.0 |
GéoMégA Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GéoMégA Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GéoMégA Resources' standard deviation. In reality, there are many statistical measures that can use GéoMégA Resources historical prices to predict the future GéoMégA Resources' volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.5271 | |||
| Total Risk Alpha | (0.96) | |||
| Sortino Ratio | 0.0291 | |||
| Treynor Ratio | 0.443 |
GéoMégA Resources Backtested Returns
GéoMégA Resources appears to be out of control, given 3 months investment horizon. GéoMégA Resources holds Efficiency (Sharpe) Ratio of 0.0747, which attests that the entity had a 0.0747% return per unit of risk over the last 3 months. By evaluating GéoMégA Resources' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize GéoMégA Resources' Risk Adjusted Performance of 0.0655, market risk adjusted performance of 0.453, and Semi Deviation of 6.77 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GéoMégA Resources holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.67, 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, GéoMégA Resources will likely underperform. Please check GéoMégA Resources' sortino ratio and the relationship between the potential upside and day typical price , to make a quick decision on whether GéoMégA Resources' current trending patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
GoMgA Resources has weak reverse predictability. Overlapping area represents the amount of predictability between GéoMégA Resources time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 GéoMégA Resources price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current GéoMégA Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GéoMégA Resources lagged returns against current returns
Autocorrelation, which is GéoMégA Resources otc 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 GéoMégA Resources' otc stock expected returns. We can calculate the autocorrelation of GéoMégA Resources returns to help us make a trade decision. For example, suppose you find that GéoMégA Resources has exhibited high autocorrelation historically, and you observe that the otc 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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GéoMégA Resources 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 GéoMégA Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GéoMégA Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GéoMégA Resources otc stock over time.
Current vs Lagged Prices |
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GéoMégA Resources Lagged Returns
When evaluating GéoMégA Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GéoMégA Resources otc stock have on its future price. GéoMégA Resources 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, GéoMégA Resources autocorrelation shows the relationship between GéoMégA Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in GoMgA Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in GéoMégA OTC Stock
GéoMégA Resources financial ratios help investors to determine whether GéoMégA OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GéoMégA with respect to the benefits of owning GéoMégA Resources security.