Ggl Resources Corp Stock Market Value
| GGL Stock | CAD 0.03 0.01 14.29% |
| Symbol | GGL |
GGL Resources '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 GGL Resources' 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 GGL Resources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in GGL Resources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding GGL Resources Corp or generate 0.0% return on investment in GGL Resources over 30 days. GGL Resources is related to or competes with CNJ Capital, Economic Investment, Canaf Investments, CVW CleanTech, Rogers Communications, Partners Value, and Western Investment. GGL Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral pr... More
GGL Resources 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 GGL Resources' 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 GGL Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 28.57 |
GGL Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GGL Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GGL Resources' standard deviation. In reality, there are many statistical measures that can use GGL Resources historical prices to predict the future GGL Resources' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.75) |
GGL Resources Corp Backtested Returns
GGL Resources Corp holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. GGL Resources Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GGL Resources' Risk Adjusted Performance of (0.07), coefficient of variation of (873.26), and Market Risk Adjusted Performance of (0.74) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GGL Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding GGL Resources is expected to be smaller as well. At this point, GGL Resources Corp has a negative expected return of -0.39%. Please make sure to check out GGL Resources' total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to decide if GGL Resources Corp performance from the past will be repeated in the future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
GGL Resources Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GGL Resources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 GGL Resources Corp price movement. The serial correlation of -0.78 indicates that around 78.0% of current GGL Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GGL Resources Corp lagged returns against current returns
Autocorrelation, which is GGL Resources 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 GGL Resources' stock expected returns. We can calculate the autocorrelation of GGL Resources returns to help us make a trade decision. For example, suppose you find that GGL Resources 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 |
GGL Resources 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 GGL Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GGL Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GGL Resources stock over time.
Current vs Lagged Prices |
| Timeline |
GGL Resources Lagged Returns
When evaluating GGL Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GGL Resources stock have on its future price. GGL Resources 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, GGL Resources autocorrelation shows the relationship between GGL Resources stock current value and its past values and can show if there is a momentum factor associated with investing in GGL Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GGL Stock Analysis
When running GGL Resources' price analysis, check to measure GGL Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GGL Resources is operating at the current time. Most of GGL Resources' value examination focuses on studying past and present price action to predict the probability of GGL Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GGL Resources' price. Additionally, you may evaluate how the addition of GGL Resources to your portfolios can decrease your overall portfolio volatility.