Gold And Gemstone Stock Market Value
| GGSM Stock | USD 0.0007 0.0001 12.50% |
| Symbol | Gold |
Gold '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 Gold'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 Gold.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Gold on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Gold And Gemstone or generate 0.0% return on investment in Gold over 720 days. Gold is related to or competes with Platinum Group, Gatos Silver, Vox Royalty, Integra Resources, New Pacific, and SilverCrest Metals. Gold and GemStone Mining Inc. focuses on the acquisition, exploration, and development of gold and silver properties in ... More
Gold 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 Gold'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 Gold And Gemstone upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.35 | |||
| Information Ratio | 0.0339 | |||
| Maximum Drawdown | 70.83 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold's standard deviation. In reality, there are many statistical measures that can use Gold historical prices to predict the future Gold's volatility.| Risk Adjusted Performance | 0.0391 | |||
| Jensen Alpha | 0.464 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0291 | |||
| Treynor Ratio | 0.3757 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold'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.
Gold And Gemstone Backtested Returns
Gold appears to be out of control, given 3 months investment horizon. Gold And Gemstone holds Efficiency (Sharpe) Ratio of 0.0215, which attests that the entity had a 0.0215% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gold And Gemstone, which you can use to evaluate the volatility of the firm. Please utilize Gold's Risk Adjusted Performance of 0.0391, market risk adjusted performance of 0.3857, and Downside Deviation of 16.35 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gold holds a performance score of 1. The company retains a Market Volatility (i.e., Beta) of 1.36, 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, Gold will likely underperform. Please check Gold's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Gold's current trending patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Gold And Gemstone has insignificant predictability. Overlapping area represents the amount of predictability between Gold time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Gold And Gemstone price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gold And Gemstone lagged returns against current returns
Autocorrelation, which is Gold 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 Gold's pink sheet expected returns. We can calculate the autocorrelation of Gold returns to help us make a trade decision. For example, suppose you find that Gold 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 |
Gold 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 Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Gold Lagged Returns
When evaluating Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold pink sheet have on its future price. Gold 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, Gold autocorrelation shows the relationship between Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gold And Gemstone.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Gold Pink Sheet
Gold financial ratios help investors to determine whether Gold 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 Gold with respect to the benefits of owning Gold security.