Gatos Silver Stock Market Value
| GATO Stock | CAD 21.77 0.02 0.09% |
| Symbol | Gatos |
Gatos Silver Price To Book Ratio
Gatos Silver '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 Gatos Silver'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 Gatos Silver.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Gatos Silver on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Gatos Silver or generate 0.0% return on investment in Gatos Silver over 90 days. Gatos Silver is related to or competes with SilverCrest Metals, Reyna Silver, New Pacific, and GoGold Resources. Gatos Silver, Inc. engages in the exploration, development, and production of precious metals More
Gatos Silver 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 Gatos Silver'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 Gatos Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 22.56 | |||
| Value At Risk | (6.34) | |||
| Potential Upside | 6.5 |
Gatos Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gatos Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gatos Silver's standard deviation. In reality, there are many statistical measures that can use Gatos Silver historical prices to predict the future Gatos Silver's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.3653 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1193 | |||
| Treynor Ratio | 0.4449 |
Gatos Silver Backtested Returns
Gatos Silver appears to be not too volatile, given 3 months investment horizon. Gatos Silver holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Gatos Silver's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Gatos Silver's Risk Adjusted Performance of 0.1031, market risk adjusted performance of 0.4549, and Downside Deviation of 3.22 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gatos Silver holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.15, 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, Gatos Silver will likely underperform. Please check Gatos Silver's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Gatos Silver's current trending patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Gatos Silver has very good reverse predictability. Overlapping area represents the amount of predictability between Gatos Silver time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Gatos Silver price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Gatos Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 4.47 |
Gatos Silver lagged returns against current returns
Autocorrelation, which is Gatos Silver 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 Gatos Silver's stock expected returns. We can calculate the autocorrelation of Gatos Silver returns to help us make a trade decision. For example, suppose you find that Gatos Silver 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 |
Gatos Silver 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 Gatos Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gatos Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gatos Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Gatos Silver Lagged Returns
When evaluating Gatos Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gatos Silver stock have on its future price. Gatos Silver 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, Gatos Silver autocorrelation shows the relationship between Gatos Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Gatos Silver.
Regressed Prices |
| Timeline |
Pair Trading with Gatos Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gatos Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gatos Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Gatos Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.85 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | FDY | Faraday Copper Corp | PairCorr |
Moving against Gatos Stock
The ability to find closely correlated positions to Gatos Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatos Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gatos Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gatos Silver to buy it.
The correlation of Gatos Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gatos Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatos Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gatos Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Gatos Silver Correlation, Gatos Silver Volatility and Gatos Silver Alpha and Beta module to complement your research on Gatos Silver. To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Gatos Silver technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.