Gear Energy Stock Market Value
| GENGF Stock | USD 0.39 0.01 2.63% |
| Symbol | Gear |
Gear Energy '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 Gear Energy'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 Gear Energy.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Gear Energy on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Gear Energy or generate 0.0% return on investment in Gear Energy over 720 days. Gear Energy is related to or competes with Tamarack Valley, MEG Energy, Cardinal Energy, Whitecap Resources, Birchcliff Energy, Canacol Energy, and Peyto ExplorationDevel. Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natura... More
Gear Energy 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 Gear Energy'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 Gear Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.28 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 2.7 |
Gear Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gear Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gear Energy's standard deviation. In reality, there are many statistical measures that can use Gear Energy historical prices to predict the future Gear Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.40) |
Gear Energy Backtested Returns
Gear Energy holds Efficiency (Sharpe) Ratio of -0.0996, which attests that the entity had a -0.0996% return per unit of standard deviation over the last 3 months. Gear Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gear Energy's market risk adjusted performance of (0.39), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gear Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gear Energy is expected to be smaller as well. At this point, Gear Energy has a negative expected return of -0.23%. Please make sure to check out Gear Energy's treynor ratio, day median price, and the relationship between the information ratio and kurtosis , to decide if Gear Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Gear Energy has average predictability. Overlapping area represents the amount of predictability between Gear Energy time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Gear Energy price movement. The serial correlation of 0.46 indicates that about 46.0% of current Gear Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gear Energy lagged returns against current returns
Autocorrelation, which is Gear Energy 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 Gear Energy's otc stock expected returns. We can calculate the autocorrelation of Gear Energy returns to help us make a trade decision. For example, suppose you find that Gear Energy 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 |
Gear Energy 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 Gear Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gear Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gear Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Gear Energy Lagged Returns
When evaluating Gear Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gear Energy otc stock have on its future price. Gear Energy 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, Gear Energy autocorrelation shows the relationship between Gear Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Gear Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gear OTC Stock
Gear Energy financial ratios help investors to determine whether Gear 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 Gear with respect to the benefits of owning Gear Energy security.