Galore Resources Stock Market Value
| GRI Stock | CAD 0.01 0.00 0.00% |
| Symbol | Galore |
Galore 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 Galore Resources' 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 Galore Resources.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Galore Resources on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Galore Resources or generate 0.0% return on investment in Galore Resources over 30 days. Galore Resources is related to or competes with Bird Construction, Lion One, Osisko Metals, Endeavour Silver, Rocky Mountain, Data Communications, and HPQ Silicon. Galore Resources Inc., together with its subsidiary, Minerales Galore, S.A de C.V., acquires, explores for, and evaluate... More
Galore 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 Galore Resources' 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 Galore Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1054 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Galore Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galore Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galore Resources' standard deviation. In reality, there are many statistical measures that can use Galore Resources historical prices to predict the future Galore Resources' volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 2.9 | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | 2.95 |
Galore Resources Backtested Returns
Galore Resources is out of control given 3 months investment horizon. Galore Resources holds Efficiency (Sharpe) Ratio of 0.0626, which attests that the entity had a 0.0626% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Galore Resources Market Risk Adjusted Performance of 2.96, risk adjusted performance of 0.0891, and Standard Deviation of 27.57 to evaluate company specific risk that cannot be diversified away. Galore Resources holds a performance score of 4 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Galore Resources returns are very sensitive to returns on the market. As the market goes up or down, Galore Resources is expected to follow. Use Galore Resources standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis , to analyze future returns on Galore Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Galore Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Galore Resources time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Galore Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Galore Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galore Resources lagged returns against current returns
Autocorrelation, which is Galore Resources 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 Galore Resources' stock expected returns. We can calculate the autocorrelation of Galore Resources returns to help us make a trade decision. For example, suppose you find that Galore Resources 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 |
Galore 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 Galore Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galore Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galore Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Galore Resources Lagged Returns
When evaluating Galore Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galore Resources stock have on its future price. Galore 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, Galore Resources autocorrelation shows the relationship between Galore Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Galore Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Galore Stock Analysis
When running Galore Resources' price analysis, check to measure Galore Resources' 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 Galore Resources is operating at the current time. Most of Galore Resources' value examination focuses on studying past and present price action to predict the probability of Galore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galore Resources' price. Additionally, you may evaluate how the addition of Galore Resources to your portfolios can decrease your overall portfolio volatility.