Gander Gold Stock Market Value
| GANDF Stock | USD 0.14 0.00 0.00% |
| Symbol | Gander |
Gander Gold '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 Gander Gold's otc 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 Gander Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Gander Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Gander Gold or generate 0.0% return on investment in Gander Gold over 30 days. Gander Gold is related to or competes with Aurion Resources, Rio2, and Grande Portage. Gander Gold Corporation engages in the acquisition, exploration, and development of mineral properties in Canada More
Gander Gold 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 Gander Gold's otc 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 Gander Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 79.39 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Gander Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gander Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gander Gold's standard deviation. In reality, there are many statistical measures that can use Gander Gold historical prices to predict the future Gander Gold's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0707 | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | 0.0929 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gander Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gander Gold Backtested Returns
Gander Gold holds Efficiency (Sharpe) Ratio of -0.0971, which attests that the entity had a -0.0971% return per unit of risk over the last 3 months. Gander Gold exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gander Gold's Risk Adjusted Performance of (0.01), market risk adjusted performance of 0.1029, and Standard Deviation of 10.47 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -3.14, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Gander Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Gander Gold is expected to outperform it. At this point, Gander Gold has a negative expected return of -0.39%. Please make sure to check out Gander Gold's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Gander Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Gander Gold has modest reverse predictability. Overlapping area represents the amount of predictability between Gander Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Gander Gold price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Gander Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gander Gold lagged returns against current returns
Autocorrelation, which is Gander Gold otc 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 Gander Gold's otc stock expected returns. We can calculate the autocorrelation of Gander Gold returns to help us make a trade decision. For example, suppose you find that Gander Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Gander Gold 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 Gander Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gander Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gander Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Gander Gold Lagged Returns
When evaluating Gander Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gander Gold otc stock have on its future price. Gander Gold 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, Gander Gold autocorrelation shows the relationship between Gander Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Gander Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gander OTC Stock
Gander Gold financial ratios help investors to determine whether Gander OTC Stock 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 Gander with respect to the benefits of owning Gander Gold security.