Gold Terra Resource Stock Market Value
| YGT Stock | CAD 0.06 0.00 0.00% |
| Symbol | Gold |
Gold Terra Resource Price To Book Ratio
Gold Terra '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 Gold Terra'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 Gold Terra.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Gold Terra on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Terra Resource or generate 0.0% return on investment in Gold Terra over 30 days. Gold Terra is related to or competes with GR Silver, Revival Gold, and White Gold. Gold Terra Resource Corp. engages in the exploration and development of mineral properties in Canada More
Gold Terra 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 Gold Terra'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 Gold Terra Resource upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0543 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Gold Terra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Terra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Terra's standard deviation. In reality, there are many statistical measures that can use Gold Terra historical prices to predict the future Gold Terra's volatility.| Risk Adjusted Performance | 0.0649 | |||
| Jensen Alpha | 0.2919 | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.2935 |
Gold Terra Resource Backtested Returns
Gold Terra appears to be out of control, given 3 months investment horizon. Gold Terra Resource holds Efficiency (Sharpe) Ratio of 0.0749, which attests that the entity had a 0.0749% return per unit of risk over the last 3 months. By evaluating Gold Terra's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Gold Terra's Standard Deviation of 6.9, market risk adjusted performance of 0.3035, and Risk Adjusted Performance of 0.0649 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold Terra holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.69, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Gold Terra will likely underperform. Please check Gold Terra's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to make a quick decision on whether Gold Terra's current trending patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Gold Terra Resource has very weak reverse predictability. Overlapping area represents the amount of predictability between Gold Terra time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Gold Terra Resource price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Gold Terra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold Terra Resource lagged returns against current returns
Autocorrelation, which is Gold Terra 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 Gold Terra's stock expected returns. We can calculate the autocorrelation of Gold Terra returns to help us make a trade decision. For example, suppose you find that Gold Terra 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 |
Gold Terra 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 Gold Terra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Terra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Terra stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Terra Lagged Returns
When evaluating Gold Terra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Terra stock have on its future price. Gold Terra 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, Gold Terra autocorrelation shows the relationship between Gold Terra stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Terra Resource.
Regressed Prices |
| Timeline |
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Additional Tools for Gold Stock Analysis
When running Gold Terra's price analysis, check to measure Gold Terra'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 Gold Terra is operating at the current time. Most of Gold Terra's value examination focuses on studying past and present price action to predict the probability of Gold Terra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Terra's price. Additionally, you may evaluate how the addition of Gold Terra to your portfolios can decrease your overall portfolio volatility.