Group 6 (Australia) Market Value
| G6M Stock | 0.03 0.00 0.00% |
| Symbol | Group |
Group 6 '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 6'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 6.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Group 6 on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Group 6 Metals or generate 0.0% return on investment in Group 6 over 90 days. Group 6 is related to or competes with Perpetual Credit, Hotel Property, Bell Financial, Kkr Credit, Australian Unity, EP Financial, and Latitude Financial. More
Group 6 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 6'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 6 Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 2.13 |
Group 6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Group 6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Group 6's standard deviation. In reality, there are many statistical measures that can use Group 6 historical prices to predict the future Group 6's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.11) |
Group 6 Metals Backtested Returns
Currently, Group 6 Metals is out of control. Group 6 Metals holds Efficiency (Sharpe) Ratio of 0.0085, which attests that the entity had a 0.0085% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Group 6 Metals, which you can use to evaluate the volatility of the firm. Please check out Group 6's Market Risk Adjusted Performance of (0.10), standard deviation of 1.74, and Risk Adjusted Performance of 0.012 to validate if the risk estimate we provide is consistent with the expected return of 0.0148%. The company retains a Market Volatility (i.e., Beta) of -0.0431, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Group 6 are expected to decrease at a much lower rate. During the bear market, Group 6 is likely to outperform the market. Group 6 Metals right now retains a risk of 1.74%. Please check out Group 6 value at risk, skewness, and the relationship between the total risk alpha and potential upside , to decide if Group 6 will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Group 6 Metals has no correlation between past and present. Overlapping area represents the amount of predictability between Group 6 time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Group 6 Metals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Group 6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Group 6 Metals lagged returns against current returns
Autocorrelation, which is Group 6 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 6's stock expected returns. We can calculate the autocorrelation of Group 6 returns to help us make a trade decision. For example, suppose you find that Group 6 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 6 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 6 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Group 6 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Group 6 stock over time.
Current vs Lagged Prices |
| Timeline |
Group 6 Lagged Returns
When evaluating Group 6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Group 6 stock have on its future price. Group 6 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 6 autocorrelation shows the relationship between Group 6 stock current value and its past values and can show if there is a momentum factor associated with investing in Group 6 Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Group Stock Analysis
When running Group 6's price analysis, check to measure Group 6'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 6 is operating at the current time. Most of Group 6's value examination focuses on studying past and present price action to predict the probability of Group 6'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 6's price. Additionally, you may evaluate how the addition of Group 6 to your portfolios can decrease your overall portfolio volatility.