Great Atlantic Resources Stock Market Value
| GR Stock | CAD 0.07 0.01 7.14% |
| Symbol | Great |
Great Atlantic Resources Price To Book Ratio
Great Atlantic '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 Great Atlantic'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 Great Atlantic.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Great Atlantic on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Great Atlantic Resources or generate 0.0% return on investment in Great Atlantic over 30 days. Great Atlantic is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Great Atlantic Resources Corp., an exploration company, engages in the acquisition, exploration, and evaluation of miner... More
Great Atlantic 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 Great Atlantic'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 Great Atlantic Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.99 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 94.29 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Great Atlantic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Atlantic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Atlantic's standard deviation. In reality, there are many statistical measures that can use Great Atlantic historical prices to predict the future Great Atlantic's volatility.| Risk Adjusted Performance | 0.0435 | |||
| Jensen Alpha | 0.2164 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | 0.1659 |
Great Atlantic Resources Backtested Returns
Great Atlantic is out of control given 3 months investment horizon. Great Atlantic Resources holds Efficiency (Sharpe) Ratio of 0.0821, which attests that the entity had a 0.0821% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Great Atlantic Resources Risk Adjusted Performance of 0.0435, market risk adjusted performance of 0.1759, and Downside Deviation of 14.99 to evaluate company specific risk that cannot be diversified away. Great Atlantic holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.46, 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, Great Atlantic will likely underperform. Use Great Atlantic Resources downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Great Atlantic Resources.
Auto-correlation | -0.28 |
Weak reverse predictability
Great Atlantic Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Great Atlantic time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Great Atlantic Resources price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Great Atlantic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great Atlantic Resources lagged returns against current returns
Autocorrelation, which is Great Atlantic 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 Great Atlantic's stock expected returns. We can calculate the autocorrelation of Great Atlantic returns to help us make a trade decision. For example, suppose you find that Great Atlantic 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 |
Great Atlantic 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 Great Atlantic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Atlantic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Atlantic stock over time.
Current vs Lagged Prices |
| Timeline |
Great Atlantic Lagged Returns
When evaluating Great Atlantic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Atlantic stock have on its future price. Great Atlantic 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, Great Atlantic autocorrelation shows the relationship between Great Atlantic stock current value and its past values and can show if there is a momentum factor associated with investing in Great Atlantic Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Great Stock Analysis
When running Great Atlantic's price analysis, check to measure Great Atlantic'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 Great Atlantic is operating at the current time. Most of Great Atlantic's value examination focuses on studying past and present price action to predict the probability of Great Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Atlantic's price. Additionally, you may evaluate how the addition of Great Atlantic to your portfolios can decrease your overall portfolio volatility.