Geodrill Limited Stock Market Value
| GEODF Stock | USD 2.05 0.02 0.99% |
| Symbol | Geodrill |
Geodrill '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 Geodrill'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 Geodrill.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Geodrill on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Geodrill Limited or generate 0.0% return on investment in Geodrill over 90 days. Geodrill is related to or competes with Macmahon Holdings, and Prime Meridian. Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in ... More
Geodrill 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 Geodrill'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 Geodrill Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.99 |
Geodrill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Geodrill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Geodrill's standard deviation. In reality, there are many statistical measures that can use Geodrill historical prices to predict the future Geodrill's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0765 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Geodrill'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.
Geodrill Limited Backtested Returns
At this point, Geodrill is unstable. Geodrill Limited holds Efficiency (Sharpe) Ratio of 0.0306, which attests that the entity had a 0.0306% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Geodrill Limited, which you can use to evaluate the volatility of the firm. Please check out Geodrill's Downside Deviation of 1.88, risk adjusted performance of 0.0286, and Market Risk Adjusted Performance of 0.0865 to validate if the risk estimate we provide is consistent with the expected return of 0.0538%. Geodrill has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Geodrill's returns are expected to increase less than the market. However, during the bear market, the loss of holding Geodrill is expected to be smaller as well. Geodrill Limited right now retains a risk of 1.76%. Please check out Geodrill semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Geodrill will be following its current trending patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Geodrill Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Geodrill time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 Geodrill Limited price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Geodrill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Geodrill Limited lagged returns against current returns
Autocorrelation, which is Geodrill 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 Geodrill's otc stock expected returns. We can calculate the autocorrelation of Geodrill returns to help us make a trade decision. For example, suppose you find that Geodrill 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 |
Geodrill 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 Geodrill otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Geodrill otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Geodrill otc stock over time.
Current vs Lagged Prices |
| Timeline |
Geodrill Lagged Returns
When evaluating Geodrill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Geodrill otc stock have on its future price. Geodrill 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, Geodrill autocorrelation shows the relationship between Geodrill otc stock current value and its past values and can show if there is a momentum factor associated with investing in Geodrill Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Geodrill OTC Stock
Geodrill financial ratios help investors to determine whether Geodrill 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 Geodrill with respect to the benefits of owning Geodrill security.