Gran Tierra Energy Stock Market Value
| GTE Stock | CAD 8.20 0.16 1.99% |
| Symbol | Gran |
Gran Tierra Energy Price To Book Ratio
Gran Tierra '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 Gran Tierra's 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 Gran Tierra.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Gran Tierra on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gran Tierra Energy or generate 0.0% return on investment in Gran Tierra over 720 days. Gran Tierra is related to or competes with NuVista Energy, Surge Energy, Birchcliff Energy, and Kelt Exploration. Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas proper... More
Gran Tierra 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 Gran Tierra's 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 Gran Tierra Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 5.43 |
Gran Tierra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gran Tierra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gran Tierra's standard deviation. In reality, there are many statistical measures that can use Gran Tierra historical prices to predict the future Gran Tierra's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.3908 |
Gran Tierra Energy Backtested Returns
Gran Tierra Energy holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of standard deviation over the last 3 months. Gran Tierra Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gran Tierra's market risk adjusted performance of 0.4008, and Risk Adjusted Performance of 0.0066 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0395, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gran Tierra are expected to decrease at a much lower rate. During the bear market, Gran Tierra is likely to outperform the market. At this point, Gran Tierra Energy has a negative expected return of -0.0155%. Please make sure to check out Gran Tierra's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Gran Tierra Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Gran Tierra Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Gran Tierra time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gran Tierra Energy price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Gran Tierra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.61 |
Gran Tierra Energy lagged returns against current returns
Autocorrelation, which is Gran Tierra 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 Gran Tierra's stock expected returns. We can calculate the autocorrelation of Gran Tierra returns to help us make a trade decision. For example, suppose you find that Gran Tierra 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 |
Gran Tierra 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 Gran Tierra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gran Tierra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gran Tierra stock over time.
Current vs Lagged Prices |
| Timeline |
Gran Tierra Lagged Returns
When evaluating Gran Tierra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gran Tierra stock have on its future price. Gran Tierra 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, Gran Tierra autocorrelation shows the relationship between Gran Tierra stock current value and its past values and can show if there is a momentum factor associated with investing in Gran Tierra Energy.
Regressed Prices |
| Timeline |
When determining whether Gran Tierra Energy is a strong investment it is important to analyze Gran Tierra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gran Tierra's future performance. For an informed investment choice regarding Gran Stock, refer to the following important reports:
Check out Gran Tierra Correlation, Gran Tierra Volatility and Gran Tierra Alpha and Beta module to complement your research on Gran Tierra. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Gran Tierra technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.