Goldrich Mining Co Stock Market Value
| GRMC Stock | USD 0.0002 0.00 0.00% |
| Symbol | Goldrich |
Goldrich Mining '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 Goldrich Mining'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 Goldrich Mining.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Goldrich Mining on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Goldrich Mining Co or generate 0.0% return on investment in Goldrich Mining over 690 days. Goldrich Mining is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Goldrich Mining Company, an exploration stage company, acquires and explores for mineral properties in the Americas More
Goldrich Mining 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 Goldrich Mining'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 Goldrich Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0532 | |||
| Maximum Drawdown | 150.0 |
Goldrich Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldrich Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldrich Mining's standard deviation. In reality, there are many statistical measures that can use Goldrich Mining historical prices to predict the future Goldrich Mining's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 1.74 | |||
| Total Risk Alpha | (2.56) | |||
| Treynor Ratio | (0.80) |
Goldrich Mining Backtested Returns
Goldrich Mining is out of control given 3 months investment horizon. Goldrich Mining holds Efficiency (Sharpe) Ratio of 0.0595, which attests that the entity had a 0.0595% return per unit of risk over the last 3 months. We have collected data for sixteen different technical indicators, which can help you to evaluate if expected returns of 1.6% are justified by taking the suggested risk. Use Goldrich Mining Co Risk Adjusted Performance of 0.0542, standard deviation of 26.23, and Market Risk Adjusted Performance of (0.79) to evaluate company specific risk that cannot be diversified away. Goldrich Mining holds a performance score of 4 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.89, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Goldrich Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Goldrich Mining is expected to outperform it. Use Goldrich Mining Co treynor ratio, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Goldrich Mining Co.
Auto-correlation | 0.14 |
Insignificant predictability
Goldrich Mining Co has insignificant predictability. Overlapping area represents the amount of predictability between Goldrich Mining time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Goldrich Mining price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Goldrich Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldrich Mining lagged returns against current returns
Autocorrelation, which is Goldrich Mining 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 Goldrich Mining's pink sheet expected returns. We can calculate the autocorrelation of Goldrich Mining returns to help us make a trade decision. For example, suppose you find that Goldrich Mining 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 |
Goldrich Mining 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 Goldrich Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldrich Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldrich Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goldrich Mining Lagged Returns
When evaluating Goldrich Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldrich Mining pink sheet have on its future price. Goldrich Mining 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, Goldrich Mining autocorrelation shows the relationship between Goldrich Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goldrich Mining Co.
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.Other Information on Investing in Goldrich Pink Sheet
Goldrich Mining financial ratios help investors to determine whether Goldrich Pink Sheet 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 Goldrich with respect to the benefits of owning Goldrich Mining security.