Gungnir Resources Stock Market Value
| GUG Stock | CAD 0.03 0.00 0.00% |
| Symbol | Gungnir |
Gungnir Resources Price To Book Ratio
Gungnir 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 Gungnir 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 Gungnir Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Gungnir Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Gungnir Resources or generate 0.0% return on investment in Gungnir Resources over 30 days. Gungnir Resources is related to or competes with Gunpoint Exploration. Gungnir Resources Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of... More
Gungnir 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 Gungnir 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 Gungnir Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.39 | |||
| Information Ratio | 0.0496 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Gungnir Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gungnir Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gungnir Resources' standard deviation. In reality, there are many statistical measures that can use Gungnir Resources historical prices to predict the future Gungnir Resources' volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 0.9225 | |||
| Total Risk Alpha | (1.24) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | (0.52) |
Gungnir Resources Backtested Returns
Gungnir Resources appears to be out of control, given 3 months investment horizon. Gungnir Resources holds Efficiency (Sharpe) Ratio of 0.0609, which attests that the entity had a 0.0609% return per unit of risk over the last 3 months. By evaluating Gungnir Resources' technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Gungnir Resources' Market Risk Adjusted Performance of (0.51), risk adjusted performance of 0.0554, and Downside Deviation of 27.39 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gungnir Resources holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -1.45, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Gungnir Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Gungnir Resources is expected to outperform it. Please check Gungnir Resources' sortino ratio and the relationship between the potential upside and day typical price , to make a quick decision on whether Gungnir Resources' current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Gungnir Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Gungnir Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Gungnir Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gungnir Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gungnir Resources lagged returns against current returns
Autocorrelation, which is Gungnir 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 Gungnir Resources' stock expected returns. We can calculate the autocorrelation of Gungnir Resources returns to help us make a trade decision. For example, suppose you find that Gungnir 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 |
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Gungnir 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 Gungnir Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gungnir Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gungnir Resources stock over time.
Current vs Lagged Prices |
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Gungnir Resources Lagged Returns
When evaluating Gungnir Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gungnir Resources stock have on its future price. Gungnir 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, Gungnir Resources autocorrelation shows the relationship between Gungnir Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Gungnir Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gungnir Stock Analysis
When running Gungnir Resources' price analysis, check to measure Gungnir 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 Gungnir Resources is operating at the current time. Most of Gungnir Resources' value examination focuses on studying past and present price action to predict the probability of Gungnir Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gungnir Resources' price. Additionally, you may evaluate how the addition of Gungnir Resources to your portfolios can decrease your overall portfolio volatility.