Galway Metals Stock Market Value
| GWM Stock | CAD 0.47 0.01 2.17% |
| Symbol | Galway |
Galway Metals Price To Book Ratio
Galway Metals '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 Galway Metals' 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 Galway Metals.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Galway Metals on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Galway Metals or generate 0.0% return on investment in Galway Metals over 360 days. Galway Metals is related to or competes with Tristar Gold, and Banyan Gold. Galway Metals Inc. engages in the acquisition, exploration, and development of mineral resource properties More
Galway Metals 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 Galway Metals' 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 Galway Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.29 | |||
| Value At Risk | (9.21) | |||
| Potential Upside | 10.91 |
Galway Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galway Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galway Metals' standard deviation. In reality, there are many statistical measures that can use Galway Metals historical prices to predict the future Galway Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (0.91) |
Galway Metals Backtested Returns
Galway Metals holds Efficiency (Sharpe) Ratio of -0.0272, which attests that the entity had a -0.0272% return per unit of risk over the last 3 months. Galway Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galway Metals' Market Risk Adjusted Performance of (0.90), standard deviation of 6.09, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Galway Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Galway Metals is expected to be smaller as well. At this point, Galway Metals has a negative expected return of -0.17%. Please make sure to check out Galway Metals' maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Galway Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Galway Metals has virtually no predictability. Overlapping area represents the amount of predictability between Galway Metals time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Galway Metals price movement. The serial correlation of 0.03 indicates that only 3.0% of current Galway Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Galway Metals lagged returns against current returns
Autocorrelation, which is Galway Metals 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 Galway Metals' stock expected returns. We can calculate the autocorrelation of Galway Metals returns to help us make a trade decision. For example, suppose you find that Galway Metals 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 |
Galway Metals 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 Galway Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galway Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galway Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Galway Metals Lagged Returns
When evaluating Galway Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galway Metals stock have on its future price. Galway Metals 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, Galway Metals autocorrelation shows the relationship between Galway Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Galway Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Galway Stock Analysis
When running Galway Metals' price analysis, check to measure Galway Metals' 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 Galway Metals is operating at the current time. Most of Galway Metals' value examination focuses on studying past and present price action to predict the probability of Galway Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galway Metals' price. Additionally, you may evaluate how the addition of Galway Metals to your portfolios can decrease your overall portfolio volatility.