Gn Store Nord Stock Market Value
| GGNDF Stock | USD 19.40 0.00 0.00% |
| Symbol | GGNDF |
GN Store '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 GN Store's pink sheet 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 GN Store.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in GN Store on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding GN Store Nord or generate 0.0% return on investment in GN Store over 90 days. GN Store is related to or competes with Demant A/S, Sonova Holding, CONMED, Icad, GN Store, Bone Biologics, and CochLear. GN Store Nord AS develops, manufactures, and markets audio and video communications solutions for medical, professional,... More
GN Store 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 GN Store's pink sheet 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 GN Store Nord upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 17.94 |
GN Store Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GN Store's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GN Store's standard deviation. In reality, there are many statistical measures that can use GN Store historical prices to predict the future GN Store's volatility.| Risk Adjusted Performance | 0.057 | |||
| Jensen Alpha | 0.1172 | |||
| Total Risk Alpha | 0.4138 | |||
| Treynor Ratio | (1.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GN Store'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.
GN Store Nord Backtested Returns
At this point, GN Store is not too volatile. GN Store Nord retains Efficiency (Sharpe Ratio) of 0.0606, which attests that the entity had a 0.0606 % return per unit of price deviation over the last 3 months. We have found seventeen technical indicators for GN Store, which you can use to evaluate the volatility of the firm. Please check out GN Store's Market Risk Adjusted Performance of (1.82), information ratio of 0.1012, and Coefficient Of Variation of 1714.63 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. GN Store has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.0682, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GN Store are expected to decrease at a much lower rate. During the bear market, GN Store is likely to outperform the market. GN Store Nord today owns a risk of 2.4%. Please check out GN Store Nord information ratio, and the relationship between the coefficient of variation and skewness , to decide if GN Store Nord will be following its current price history.
Auto-correlation | 0.06 |
Virtually no predictability
GN Store Nord has virtually no predictability. Overlapping area represents the amount of predictability between GN Store time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GN Store Nord price movement. The serial correlation of 0.06 indicates that barely 6.0% of current GN Store price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
GN Store Nord lagged returns against current returns
Autocorrelation, which is GN Store pink sheet'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 GN Store's pink sheet expected returns. We can calculate the autocorrelation of GN Store returns to help us make a trade decision. For example, suppose you find that GN Store has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
GN Store 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 GN Store pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GN Store pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GN Store pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GN Store Lagged Returns
When evaluating GN Store's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GN Store pink sheet have on its future price. GN Store 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, GN Store autocorrelation shows the relationship between GN Store pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GN Store Nord.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GGNDF Pink Sheet
GN Store financial ratios help investors to determine whether GGNDF Pink Sheet 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 GGNDF with respect to the benefits of owning GN Store security.