Gungnir Resources Stock Market Value
| ASWRF Stock | USD 0.02 0 22.22% |
| Symbol | Gungnir |
Gungnir Resources '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 Gungnir Resources' 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 Gungnir Resources.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Gungnir Resources on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Gungnir Resources or generate 0.0% return on investment in Gungnir Resources over 30 days. Gungnir Resources Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of... More
Gungnir Resources 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 Gungnir Resources' 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 Gungnir Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.97 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 35.56 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 13.33 |
Gungnir Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gungnir Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gungnir Resources' standard deviation. In reality, there are many statistical measures that can use Gungnir Resources historical prices to predict the future Gungnir Resources' volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.1616 | |||
| Total Risk Alpha | 0.1174 | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 0.3163 |
Gungnir Resources Backtested Returns
Gungnir Resources appears to be out of control, given 3 months investment horizon. Gungnir Resources holds Efficiency (Sharpe) Ratio of 0.0842, which attests that the entity had a 0.0842 % return per unit of risk over the last 3 months. By evaluating Gungnir Resources' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Gungnir Resources' Market Risk Adjusted Performance of 0.3263, risk adjusted performance of 0.0274, and Downside Deviation of 12.97 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gungnir Resources holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gungnir Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gungnir Resources is expected to be smaller as well. Please check Gungnir Resources' sortino ratio and the relationship between the downside variance and period momentum indicator , to make a quick decision on whether Gungnir Resources' current trending patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Gungnir Resources has very good predictability. Overlapping area represents the amount of predictability between Gungnir Resources time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Gungnir Resources price movement. The serial correlation of 0.85 indicates that around 85.0% of current Gungnir Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gungnir Resources lagged returns against current returns
Autocorrelation, which is Gungnir Resources 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 Gungnir Resources' pink sheet expected returns. We can calculate the autocorrelation of Gungnir Resources returns to help us make a trade decision. For example, suppose you find that Gungnir Resources 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 |
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Gungnir Resources 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 Gungnir Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gungnir Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gungnir Resources pink sheet over time.
Current vs Lagged Prices |
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Gungnir Resources Lagged Returns
When evaluating Gungnir Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gungnir Resources pink sheet have on its future price. Gungnir Resources 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, Gungnir Resources autocorrelation shows the relationship between Gungnir Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gungnir Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Gungnir Pink Sheet
Gungnir Resources financial ratios help investors to determine whether Gungnir 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 Gungnir with respect to the benefits of owning Gungnir Resources security.