Gunpoint Exploration Stock Market Value
| GUN Stock | CAD 0.60 0.05 7.69% |
| Symbol | Gunpoint |
Gunpoint Exploration '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 Gunpoint Exploration'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 Gunpoint Exploration.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gunpoint Exploration on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gunpoint Exploration or generate 0.0% return on investment in Gunpoint Exploration over 30 days. Gunpoint Exploration is related to or competes with InPlay Oil, Verizon Communications, Canlan Ice, Data Communications, and Cogeco Communications. Gunpoint Exploration Ltd. engages in the acquisition and exploration of precious metal properties in the United States, ... More
Gunpoint Exploration 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 Gunpoint Exploration'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 Gunpoint Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.58 |
Gunpoint Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gunpoint Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gunpoint Exploration's standard deviation. In reality, there are many statistical measures that can use Gunpoint Exploration historical prices to predict the future Gunpoint Exploration's volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.40) |
Gunpoint Exploration Backtested Returns
Gunpoint Exploration holds Efficiency (Sharpe) Ratio of -0.0054, which attests that the entity had a -0.0054% return per unit of risk over the last 3 months. Gunpoint Exploration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gunpoint Exploration's Market Risk Adjusted Performance of (0.39), risk adjusted performance of 0.0037, and Standard Deviation of 3.37 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.069, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gunpoint Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gunpoint Exploration is expected to be smaller as well. At this point, Gunpoint Exploration has a negative expected return of -0.0187%. Please make sure to check out Gunpoint Exploration's maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if Gunpoint Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Gunpoint Exploration has below average predictability. Overlapping area represents the amount of predictability between Gunpoint Exploration time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Gunpoint Exploration price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Gunpoint Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gunpoint Exploration lagged returns against current returns
Autocorrelation, which is Gunpoint Exploration 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 Gunpoint Exploration's stock expected returns. We can calculate the autocorrelation of Gunpoint Exploration returns to help us make a trade decision. For example, suppose you find that Gunpoint Exploration 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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Gunpoint Exploration 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 Gunpoint Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gunpoint Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gunpoint Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Gunpoint Exploration Lagged Returns
When evaluating Gunpoint Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gunpoint Exploration stock have on its future price. Gunpoint Exploration 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, Gunpoint Exploration autocorrelation shows the relationship between Gunpoint Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Gunpoint Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gunpoint Stock Analysis
When running Gunpoint Exploration's price analysis, check to measure Gunpoint Exploration's 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 Gunpoint Exploration is operating at the current time. Most of Gunpoint Exploration's value examination focuses on studying past and present price action to predict the probability of Gunpoint Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gunpoint Exploration's price. Additionally, you may evaluate how the addition of Gunpoint Exploration to your portfolios can decrease your overall portfolio volatility.