Great Western Minerals Stock Market Value
Great Western's market value is the price at which a share of Great Western trades on a public exchange. It measures the collective expectations of Great Western Minerals investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Great Western Minerals and determine expected loss or profit from investing in Great Western over a given investment horizon. Check out Great Western Correlation, Great Western Volatility and Great Western Alpha and Beta module to complement your research on Great Western.
| Symbol | Great |
Great Western Minerals Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Western. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Western listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.059 | Quarterly Revenue Growth 0.542 | Return On Assets (0.13) |
The market value of Great Western Minerals is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Western's value that differs from its market value or its book value, called intrinsic value, which is Great Western's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Western's market value can be influenced by many factors that don't directly affect Great Western's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Great Western's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Western is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Western's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Great Western '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 Great Western'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 Great Western.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Great Western on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Great Western Minerals or generate 0.0% return on investment in Great Western over 30 days. Great Western is related to or competes with StrikePoint Gold, Silver Elephant, Eskay Mining, IGO, Nickel Mines, Mineral Resources, and IGO. Great Western Minerals Group Ltd. explores for and develops mineral properties, primarily rare earth elements More
Great Western 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 Great Western'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 Great Western Minerals upside and downside potential and time the market with a certain degree of confidence.
Great Western Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Western's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Western's standard deviation. In reality, there are many statistical measures that can use Great Western historical prices to predict the future Great Western's volatility.Great Western Minerals Backtested Returns
We have found zero technical indicators for Great Western Minerals, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Great Western are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Great Western Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Great Western time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Great Western Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Great Western price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great Western Minerals lagged returns against current returns
Autocorrelation, which is Great Western 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 Great Western's stock expected returns. We can calculate the autocorrelation of Great Western returns to help us make a trade decision. For example, suppose you find that Great Western 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 |
Great Western 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 Great Western stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Western stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Western stock over time.
Current vs Lagged Prices |
| Timeline |
Great Western Lagged Returns
When evaluating Great Western's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Western stock have on its future price. Great Western 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, Great Western autocorrelation shows the relationship between Great Western stock current value and its past values and can show if there is a momentum factor associated with investing in Great Western Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Great Western Minerals is a strong investment it is important to analyze Great Western'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 Great Western's future performance. For an informed investment choice regarding Great Stock, refer to the following important reports:Check out Great Western Correlation, Great Western Volatility and Great Western Alpha and Beta module to complement your research on Great Western. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Great Western 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.