Giga Metals Corp Stock Market Value
| GIGA Stock | CAD 0.12 0.01 7.69% |
| Symbol | Giga |
Giga Metals Corp Price To Book Ratio
Giga Metals '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 Giga Metals' 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 Giga Metals.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Giga Metals on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Giga Metals Corp or generate 0.0% return on investment in Giga Metals over 90 days. Giga Metals is related to or competes with FPX Nickel, Canada Nickel, and Stillwater Critical. Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada More
Giga Metals 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 Giga Metals' 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 Giga Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.43 | |||
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Giga Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giga Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Giga Metals' standard deviation. In reality, there are many statistical measures that can use Giga Metals historical prices to predict the future Giga Metals' volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.1036 | |||
| Total Risk Alpha | 0.5335 | |||
| Sortino Ratio | 0.0201 | |||
| Treynor Ratio | 0.1507 |
Giga Metals Corp Backtested Returns
At this stage we consider Giga Stock to be out of control. Giga Metals Corp holds Efficiency (Sharpe) Ratio of 0.0175, which attests that the entity had a 0.0175 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Giga Metals Corp, which you can use to evaluate the volatility of the firm. Please check out Giga Metals' Risk Adjusted Performance of 0.0239, market risk adjusted performance of 0.1607, and Downside Deviation of 8.43 to validate if the risk estimate we provide is consistent with the expected return of 0.0624%. Giga Metals has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Giga Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Giga Metals is expected to be smaller as well. Giga Metals Corp right now retains a risk of 3.57%. Please check out Giga Metals information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Giga Metals will be following its current trending patterns.
Auto-correlation | 0.54 |
Modest predictability
Giga Metals Corp has modest predictability. Overlapping area represents the amount of predictability between Giga Metals time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Giga Metals Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current Giga Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Giga Metals Corp lagged returns against current returns
Autocorrelation, which is Giga Metals 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 Giga Metals' stock expected returns. We can calculate the autocorrelation of Giga Metals returns to help us make a trade decision. For example, suppose you find that Giga Metals 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 |
Giga Metals 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 Giga Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Giga Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Giga Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Giga Metals Lagged Returns
When evaluating Giga Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Giga Metals stock have on its future price. Giga Metals 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, Giga Metals autocorrelation shows the relationship between Giga Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Giga Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Giga Stock Analysis
When running Giga Metals' price analysis, check to measure Giga Metals' 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 Giga Metals is operating at the current time. Most of Giga Metals' value examination focuses on studying past and present price action to predict the probability of Giga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Metals' price. Additionally, you may evaluate how the addition of Giga Metals to your portfolios can decrease your overall portfolio volatility.