Grid Metals Corp Stock Market Value
| MSMGF Stock | USD 0.02 0 14.93% |
| Symbol | Grid |
Grid 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 Grid Metals' otc 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 Grid Metals.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Grid Metals on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Grid Metals Corp or generate 0.0% return on investment in Grid Metals over 30 days. Grid Metals is related to or competes with Canada Silver. Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada More
Grid 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 Grid Metals' otc 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 Grid Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 39.4 | |||
| Value At Risk | (14.14) | |||
| Potential Upside | 18.55 |
Grid Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grid Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grid Metals' standard deviation. In reality, there are many statistical measures that can use Grid Metals historical prices to predict the future Grid Metals' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.4809 |
Grid Metals Corp Backtested Returns
Grid Metals Corp holds Efficiency (Sharpe) Ratio of -0.0169, which attests that the entity had a -0.0169% return per unit of risk over the last 3 months. Grid Metals Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grid Metals' Market Risk Adjusted Performance of 0.4909, insignificant risk adjusted performance, and Standard Deviation of 7.68 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grid Metals are expected to decrease at a much lower rate. During the bear market, Grid Metals is likely to outperform the market. At this point, Grid Metals Corp has a negative expected return of -0.13%. Please make sure to check out Grid Metals' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Grid Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Grid Metals Corp has very good predictability. Overlapping area represents the amount of predictability between Grid Metals time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Grid Metals Corp price movement. The serial correlation of 0.85 indicates that around 85.0% of current Grid Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grid Metals Corp lagged returns against current returns
Autocorrelation, which is Grid Metals otc 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 Grid Metals' otc stock expected returns. We can calculate the autocorrelation of Grid Metals returns to help us make a trade decision. For example, suppose you find that Grid Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Grid 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 Grid Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grid Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grid Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Grid Metals Lagged Returns
When evaluating Grid Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grid Metals otc stock have on its future price. Grid 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, Grid Metals autocorrelation shows the relationship between Grid Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Grid Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grid OTC Stock
Grid Metals financial ratios help investors to determine whether Grid OTC Stock 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 Grid with respect to the benefits of owning Grid Metals security.