Gem Diamonds Limited Stock Market Value
| GMDMF Stock | USD 0.16 0.00 0.00% |
| Symbol | Gem |
Gem Diamonds '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 Gem Diamonds' 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 Gem Diamonds.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Gem Diamonds on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Gem Diamonds Limited or generate 0.0% return on investment in Gem Diamonds over 90 days. Gem Diamonds is related to or competes with Defiance Silver, Southern Silver, Endeavour Silver, Hecla Mining, Platinum Group, McEwen Mining, and Avino Silver. The companys flagship project is the Leteng mine located in the located in the Maluti Mountains of Lesotho More
Gem Diamonds 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 Gem Diamonds' 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 Gem Diamonds Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1601 | |||
| Maximum Drawdown | 30.0 |
Gem Diamonds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gem Diamonds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gem Diamonds' standard deviation. In reality, there are many statistical measures that can use Gem Diamonds historical prices to predict the future Gem Diamonds' volatility.| Risk Adjusted Performance | 0.1295 | |||
| Jensen Alpha | 0.749 | |||
| Total Risk Alpha | 1.26 | |||
| Treynor Ratio | 0.7736 |
Gem Diamonds Limited Backtested Returns
Gem Diamonds appears to be out of control, given 3 months investment horizon. Gem Diamonds Limited holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18 % return per unit of risk over the last 3 months. By evaluating Gem Diamonds' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Gem Diamonds' Market Risk Adjusted Performance of 0.7836, risk adjusted performance of 0.1295, and Standard Deviation of 4.78 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gem Diamonds holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gem Diamonds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gem Diamonds is expected to be smaller as well. Please check Gem Diamonds' variance, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Gem Diamonds' current trending patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Gem Diamonds Limited has poor predictability. Overlapping area represents the amount of predictability between Gem Diamonds time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Gem Diamonds Limited price movement. The serial correlation of 0.25 indicates that over 25.0% of current Gem Diamonds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gem Diamonds Limited lagged returns against current returns
Autocorrelation, which is Gem Diamonds 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 Gem Diamonds' pink sheet expected returns. We can calculate the autocorrelation of Gem Diamonds returns to help us make a trade decision. For example, suppose you find that Gem Diamonds 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 |
Gem Diamonds 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 Gem Diamonds pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gem Diamonds pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gem Diamonds pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Gem Diamonds Lagged Returns
When evaluating Gem Diamonds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gem Diamonds pink sheet have on its future price. Gem Diamonds 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, Gem Diamonds autocorrelation shows the relationship between Gem Diamonds pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Gem Diamonds Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gem Pink Sheet
Gem Diamonds financial ratios help investors to determine whether Gem 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 Gem with respect to the benefits of owning Gem Diamonds security.