Group Eleven Resources Stock Market Value
| ZNG Stock | CAD 0.62 0.04 6.06% |
| Symbol | Group |
Group Eleven Resources Price To Book Ratio
Group Eleven '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 Group Eleven'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 Group Eleven.
| 01/12/2023 |
| 12/27/2025 |
If you would invest 0.00 in Group Eleven on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Group Eleven Resources or generate 0.0% return on investment in Group Eleven over 1080 days. Group Eleven is related to or competes with NextSource Materials, Arizona Metals, Oroco Resource, Stillwater Critical, HPQ Silicon, Surge Battery, and GR Silver. Group Eleven Resources Corp. explores for and evaluates mineral properties in Ireland More
Group Eleven 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 Group Eleven'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 Group Eleven Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.1348 | |||
| Maximum Drawdown | 21.75 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 12.12 |
Group Eleven Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Group Eleven's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Group Eleven's standard deviation. In reality, there are many statistical measures that can use Group Eleven historical prices to predict the future Group Eleven's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.6115 | |||
| Total Risk Alpha | 0.2417 | |||
| Sortino Ratio | 0.1682 | |||
| Treynor Ratio | 0.4269 |
Group Eleven Resources Backtested Returns
Group Eleven appears to be abnormally volatile, given 3 months investment horizon. Group Eleven Resources holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17 % return per unit of risk over the last 3 months. By evaluating Group Eleven's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Group Eleven's Risk Adjusted Performance of 0.1149, downside deviation of 3.93, and Market Risk Adjusted Performance of 0.4369 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Group Eleven holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 1.71, 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, Group Eleven will likely underperform. Please check Group Eleven's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Group Eleven's current trending patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Group Eleven Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Group Eleven time series from 12th of January 2023 to 5th of July 2024 and 5th of July 2024 to 27th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Group Eleven Resources price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Group Eleven price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Group Eleven Resources lagged returns against current returns
Autocorrelation, which is Group Eleven 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 Group Eleven's stock expected returns. We can calculate the autocorrelation of Group Eleven returns to help us make a trade decision. For example, suppose you find that Group Eleven 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 |
Group Eleven 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 Group Eleven stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Group Eleven stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Group Eleven stock over time.
Current vs Lagged Prices |
| Timeline |
Group Eleven Lagged Returns
When evaluating Group Eleven's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Group Eleven stock have on its future price. Group Eleven 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, Group Eleven autocorrelation shows the relationship between Group Eleven stock current value and its past values and can show if there is a momentum factor associated with investing in Group Eleven Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Group Stock Analysis
When running Group Eleven's price analysis, check to measure Group Eleven'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 Group Eleven is operating at the current time. Most of Group Eleven's value examination focuses on studying past and present price action to predict the probability of Group Eleven's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group Eleven's price. Additionally, you may evaluate how the addition of Group Eleven to your portfolios can decrease your overall portfolio volatility.