Grid Metals Corp Stock Market Value
| GRDM Stock | CAD 0.04 0.01 12.50% |
| Symbol | Grid |
Grid Metals Corp Price To Book Ratio
Grid Metals '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 Grid Metals' 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 Grid Metals.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Grid Metals on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Grid Metals Corp or generate 0.0% return on investment in Grid Metals over 60 days. Grid Metals is related to or competes with Stillwater Critical, and Golden Pursuit. Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada More
Grid Metals 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 Grid Metals' 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 Grid Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Grid Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grid Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grid Metals' standard deviation. In reality, there are many statistical measures that can use Grid Metals historical prices to predict the future Grid Metals' volatility.| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | 0.0161 | |||
| Total Risk Alpha | (1.37) | |||
| Treynor Ratio | 0.0809 |
Grid Metals Corp Backtested Returns
Grid Metals Corp holds Efficiency (Sharpe) Ratio of -0.0028, which attests that the entity had a -0.0028% return per unit of risk over the last 3 months. Grid Metals Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grid Metals' Market Risk Adjusted Performance of 0.0909, risk adjusted performance of 0.007, and Standard Deviation of 8.47 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grid Metals are expected to decrease at a much lower rate. During the bear market, Grid Metals is likely to outperform the market. At this point, Grid Metals Corp has a negative expected return of -0.0244%. Please make sure to check out Grid Metals' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Grid Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Grid Metals Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Grid Metals time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Grid Metals Corp price movement. The serial correlation of -0.7 indicates that around 70.0% of current Grid Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grid Metals Corp lagged returns against current returns
Autocorrelation, which is Grid Metals 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 Grid Metals' stock expected returns. We can calculate the autocorrelation of Grid Metals returns to help us make a trade decision. For example, suppose you find that Grid Metals 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 |
Grid Metals 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 Grid Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grid Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grid Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Grid Metals Lagged Returns
When evaluating Grid Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grid Metals stock have on its future price. Grid Metals 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, Grid Metals autocorrelation shows the relationship between Grid Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Grid Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid Metals' 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.