Guyana Gold Corp Stock Market Value
| GYGC Stock | USD 0 0.0001 7.14% |
| Symbol | Guyana |
Guyana Gold '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 Guyana Gold's pink sheet 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 Guyana Gold.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Guyana Gold on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Guyana Gold Corp or generate 0.0% return on investment in Guyana Gold over 570 days. Guyana Gold Corp., a junior mineral exploration company, engages in the identification, acquisition, and development of ... More
Guyana Gold 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 Guyana Gold's pink sheet 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 Guyana Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 211.42 |
Guyana Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guyana Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guyana Gold's standard deviation. In reality, there are many statistical measures that can use Guyana Gold historical prices to predict the future Guyana Gold's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 2.71 | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | (0.54) |
Guyana Gold Corp Backtested Returns
Guyana Gold is out of control given 3 months investment horizon. Guyana Gold Corp holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Guyana Gold Corp Market Risk Adjusted Performance of (0.53), risk adjusted performance of 0.0859, and Standard Deviation of 22.57 to evaluate company specific risk that cannot be diversified away. Guyana Gold holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -4.11, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Guyana Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Guyana Gold is expected to outperform it. Use Guyana Gold Corp skewness, rate of daily change, as well as the relationship between the Rate Of Daily Change and price action indicator , to analyze future returns on Guyana Gold Corp.
Auto-correlation | -0.08 |
Very weak reverse predictability
Guyana Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Guyana Gold time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Guyana Gold Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Guyana Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guyana Gold Corp lagged returns against current returns
Autocorrelation, which is Guyana Gold pink sheet'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 Guyana Gold's pink sheet expected returns. We can calculate the autocorrelation of Guyana Gold returns to help us make a trade decision. For example, suppose you find that Guyana Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Guyana Gold 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 Guyana Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guyana Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guyana Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Guyana Gold Lagged Returns
When evaluating Guyana Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guyana Gold pink sheet have on its future price. Guyana Gold 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, Guyana Gold autocorrelation shows the relationship between Guyana Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Guyana Gold Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Guyana Pink Sheet
Guyana Gold financial ratios help investors to determine whether Guyana Pink Sheet 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 Guyana with respect to the benefits of owning Guyana Gold security.