Goldbank Mining Corp Stock Market Value
| GLB Stock | CAD 0.19 0.00 0.00% |
| Symbol | Goldbank |
Goldbank Mining '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 Goldbank Mining's 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 Goldbank Mining.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Goldbank Mining on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Goldbank Mining Corp or generate 0.0% return on investment in Goldbank Mining over 90 days. Goldbank Mining is related to or competes with Element Fleet, Andlauer Healthcare, Blackrock Silver, Perseus Mining, MAG Silver, Brookfield Asset, and UnitedHealth Group. Goldbank Mining Corporation engages in the exploration and development of mineral properties More
Goldbank Mining 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 Goldbank Mining's 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 Goldbank Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1547 | |||
| Maximum Drawdown | 5.88 |
Goldbank Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldbank Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldbank Mining's standard deviation. In reality, there are many statistical measures that can use Goldbank Mining historical prices to predict the future Goldbank Mining's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.0816 | |||
| Total Risk Alpha | 0.2447 | |||
| Treynor Ratio | (1.94) |
Goldbank Mining Corp Backtested Returns
At this stage we consider Goldbank Stock to be abnormally volatile. Goldbank Mining Corp holds Efficiency (Sharpe) Ratio of 0.0763, which attests that the entity had a 0.0763 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Goldbank Mining Corp, which you can use to evaluate the volatility of the firm. Please check out Goldbank Mining's Risk Adjusted Performance of 0.0696, standard deviation of 1.26, and Market Risk Adjusted Performance of (1.93) to validate if the risk estimate we provide is consistent with the expected return of 0.0964%. Goldbank Mining has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0445, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldbank Mining are expected to decrease at a much lower rate. During the bear market, Goldbank Mining is likely to outperform the market. Goldbank Mining Corp right now retains a risk of 1.26%. Please check out Goldbank Mining treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Goldbank Mining will be following its current trending patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Goldbank Mining Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Goldbank Mining 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 Goldbank Mining Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Goldbank Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goldbank Mining Corp lagged returns against current returns
Autocorrelation, which is Goldbank Mining 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 Goldbank Mining's stock expected returns. We can calculate the autocorrelation of Goldbank Mining returns to help us make a trade decision. For example, suppose you find that Goldbank Mining 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 |
Goldbank Mining 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 Goldbank Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldbank Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldbank Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Goldbank Mining Lagged Returns
When evaluating Goldbank Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldbank Mining stock have on its future price. Goldbank Mining 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, Goldbank Mining autocorrelation shows the relationship between Goldbank Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Goldbank Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goldbank Stock Analysis
When running Goldbank Mining's price analysis, check to measure Goldbank Mining's 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 Goldbank Mining is operating at the current time. Most of Goldbank Mining's value examination focuses on studying past and present price action to predict the probability of Goldbank Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldbank Mining's price. Additionally, you may evaluate how the addition of Goldbank Mining to your portfolios can decrease your overall portfolio volatility.