Goviex Uranium Stock Market Value
| GVXXF Stock | USD 0.05 0 2.00% |
| Symbol | GoviEx |
GoviEx Uranium '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 GoviEx Uranium's otc 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 GoviEx Uranium.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in GoviEx Uranium on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding GoviEx Uranium or generate 0.0% return on investment in GoviEx Uranium over 720 days. GoviEx Uranium is related to or competes with Isoenergy, Paladin Energy, F3 Uranium, EnCore Energy, Purepoint Uranium, Ur Energy, and Uranium Energy. GoviEx Uranium Inc., a mineral resources company, engages in the acquisition, exploration, and development of uranium pr... More
GoviEx Uranium 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 GoviEx Uranium's otc 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 GoviEx Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.29 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 114.51 | |||
| Value At Risk | (10.94) | |||
| Potential Upside | 17.4 |
GoviEx Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoviEx Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoviEx Uranium's standard deviation. In reality, there are many statistical measures that can use GoviEx Uranium historical prices to predict the future GoviEx Uranium's volatility.| Risk Adjusted Performance | 0.0855 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | 1.92 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoviEx Uranium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GoviEx Uranium Backtested Returns
GoviEx Uranium is out of control given 3 months investment horizon. GoviEx Uranium holds Efficiency (Sharpe) Ratio of 0.0837, which attests that the entity had a 0.0837% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use GoviEx Uranium Downside Deviation of 10.29, risk adjusted performance of 0.0855, and Market Risk Adjusted Performance of 1.93 to evaluate company specific risk that cannot be diversified away. GoviEx Uranium holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GoviEx Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding GoviEx Uranium is expected to be smaller as well. Use GoviEx Uranium potential upside, as well as the relationship between the kurtosis and price action indicator , to analyze future returns on GoviEx Uranium.
Auto-correlation | 0.77 |
Good predictability
GoviEx Uranium has good predictability. Overlapping area represents the amount of predictability between GoviEx Uranium time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 GoviEx Uranium price movement. The serial correlation of 0.77 indicates that around 77.0% of current GoviEx Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GoviEx Uranium lagged returns against current returns
Autocorrelation, which is GoviEx Uranium otc 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 GoviEx Uranium's otc stock expected returns. We can calculate the autocorrelation of GoviEx Uranium returns to help us make a trade decision. For example, suppose you find that GoviEx Uranium has exhibited high autocorrelation historically, and you observe that the otc 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 |
GoviEx Uranium 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 GoviEx Uranium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoviEx Uranium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoviEx Uranium otc stock over time.
Current vs Lagged Prices |
| Timeline |
GoviEx Uranium Lagged Returns
When evaluating GoviEx Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoviEx Uranium otc stock have on its future price. GoviEx Uranium 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, GoviEx Uranium autocorrelation shows the relationship between GoviEx Uranium otc stock current value and its past values and can show if there is a momentum factor associated with investing in GoviEx Uranium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GoviEx OTC Stock
GoviEx Uranium financial ratios help investors to determine whether GoviEx OTC Stock 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 GoviEx with respect to the benefits of owning GoviEx Uranium security.