Galantas Gold Corp Stock Market Value
| GAL Stock | CAD 0.06 0.01 14.29% |
| Symbol | Galantas |
Galantas Gold Corp Price To Book Ratio
Galantas Gold '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 Galantas Gold'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 Galantas Gold.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Galantas Gold on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Galantas Gold Corp or generate 0.0% return on investment in Galantas Gold over 360 days. Galantas Gold is related to or competes with Grande Portage, Endurance Gold, and Dynasty Gold. Galantas Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Omagh... More
Galantas Gold 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 Galantas Gold'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 Galantas Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.0 |
Galantas Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galantas Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galantas Gold's standard deviation. In reality, there are many statistical measures that can use Galantas Gold historical prices to predict the future Galantas Gold's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.04) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | (0.24) |
Galantas Gold Corp Backtested Returns
Galantas Gold Corp holds Efficiency (Sharpe) Ratio of -0.0854, which attests that the entity had a -0.0854% return per unit of risk over the last 3 months. Galantas Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galantas Gold's Risk Adjusted Performance of (0.07), market risk adjusted performance of (0.23), and Standard Deviation of 6.72 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.98, 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, Galantas Gold will likely underperform. At this point, Galantas Gold Corp has a negative expected return of -0.58%. Please make sure to check out Galantas Gold's maximum drawdown and the relationship between the kurtosis and relative strength index , to decide if Galantas Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Galantas Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Galantas Gold time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Galantas Gold Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Galantas Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galantas Gold Corp lagged returns against current returns
Autocorrelation, which is Galantas Gold 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 Galantas Gold's stock expected returns. We can calculate the autocorrelation of Galantas Gold returns to help us make a trade decision. For example, suppose you find that Galantas Gold 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 |
Galantas Gold 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 Galantas Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galantas Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galantas Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Galantas Gold Lagged Returns
When evaluating Galantas Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galantas Gold stock have on its future price. Galantas Gold 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, Galantas Gold autocorrelation shows the relationship between Galantas Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Galantas Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Galantas Stock Analysis
When running Galantas Gold's price analysis, check to measure Galantas Gold'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 Galantas Gold is operating at the current time. Most of Galantas Gold's value examination focuses on studying past and present price action to predict the probability of Galantas Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galantas Gold's price. Additionally, you may evaluate how the addition of Galantas Gold to your portfolios can decrease your overall portfolio volatility.