Galena Mining (Australia) Market Value
| G1A Stock | 0.06 0.00 0.00% |
| Symbol | Galena |
Galena Mining '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 Galena Mining'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 Galena Mining.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Galena Mining on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Galena Mining or generate 0.0% return on investment in Galena Mining over 720 days. Galena Mining is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Galena Mining is entity of Australia. It is traded as Stock on AU exchange. More
Galena Mining 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 Galena Mining'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 Galena Mining upside and downside potential and time the market with a certain degree of confidence.
Galena Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galena Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galena Mining's standard deviation. In reality, there are many statistical measures that can use Galena Mining historical prices to predict the future Galena Mining's volatility.Galena Mining Backtested Returns
We have found three technical indicators for Galena Mining, 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 Galena Mining are completely uncorrelated.
Auto-correlation | 0.25 |
Poor predictability
Galena Mining has poor predictability. Overlapping area represents the amount of predictability between Galena Mining time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Galena Mining price movement. The serial correlation of 0.25 indicates that over 25.0% of current Galena Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galena Mining lagged returns against current returns
Autocorrelation, which is Galena Mining 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 Galena Mining's stock expected returns. We can calculate the autocorrelation of Galena Mining returns to help us make a trade decision. For example, suppose you find that Galena Mining 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 |
Galena Mining 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 Galena Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galena Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galena Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Galena Mining Lagged Returns
When evaluating Galena Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galena Mining stock have on its future price. Galena Mining 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, Galena Mining autocorrelation shows the relationship between Galena Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Galena Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Galena Stock Analysis
When running Galena Mining's price analysis, check to measure Galena Mining'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 Galena Mining is operating at the current time. Most of Galena Mining's value examination focuses on studying past and present price action to predict the probability of Galena Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galena Mining's price. Additionally, you may evaluate how the addition of Galena Mining to your portfolios can decrease your overall portfolio volatility.