Granite Creek Copper Stock Market Value
| GCXXF Stock | USD 0.01 0.0001 0.70% |
| Symbol | Granite |
Granite Creek '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 Granite Creek'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 Granite Creek.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Granite Creek on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Granite Creek Copper or generate 0.0% return on investment in Granite Creek over 720 days. Granite Creek is related to or competes with Macmahon Holdings, Prime Meridian, Erdene Resource, Silver X, StrikePoint Gold, South Star, and Eskay Mining. Granite Creek Copper Ltd., an exploration company, engages in the acquisition, exploration, and development of mineral p... More
Granite Creek 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 Granite Creek'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 Granite Creek Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.54 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 51.27 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 18.84 |
Granite Creek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Creek's standard deviation. In reality, there are many statistical measures that can use Granite Creek historical prices to predict the future Granite Creek's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | 0.2438 | |||
| Total Risk Alpha | (1.07) | |||
| Sortino Ratio | 0.026 | |||
| Treynor Ratio | 0.3252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Creek'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.
Granite Creek Copper Backtested Returns
At this point, Granite Creek is out of control. Granite Creek Copper holds Efficiency (Sharpe) Ratio of 0.015, which attests that the entity had a 0.015% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Granite Creek Copper, which you can use to evaluate the volatility of the firm. Please check out Granite Creek's market risk adjusted performance of 0.3352, and Risk Adjusted Performance of 0.0448 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Granite Creek has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.23, 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, Granite Creek will likely underperform. Granite Creek Copper right now retains a risk of 8.64%. Please check out Granite Creek coefficient of variation and the relationship between the treynor ratio and rate of daily change , to decide if Granite Creek will be following its current trending patterns.
Auto-correlation | 0.76 |
Good predictability
Granite Creek Copper has good predictability. Overlapping area represents the amount of predictability between Granite Creek time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Granite Creek Copper price movement. The serial correlation of 0.76 indicates that around 76.0% of current Granite Creek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Granite Creek Copper lagged returns against current returns
Autocorrelation, which is Granite Creek 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 Granite Creek's otc stock expected returns. We can calculate the autocorrelation of Granite Creek returns to help us make a trade decision. For example, suppose you find that Granite Creek 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 |
Granite Creek 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 Granite Creek otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Creek otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Creek otc stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Creek Lagged Returns
When evaluating Granite Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Creek otc stock have on its future price. Granite Creek 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, Granite Creek autocorrelation shows the relationship between Granite Creek otc stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Creek Copper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Granite OTC Stock
Granite Creek financial ratios help investors to determine whether Granite 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 Granite with respect to the benefits of owning Granite Creek security.