Galane Gold Stock Market Value
| GGGOF Stock | USD 0.19 0.02 9.52% |
| Symbol | Galane |
Galane 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 Galane Gold's 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 Galane Gold.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Galane Gold on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Galane Gold or generate 0.0% return on investment in Galane Gold over 720 days. Galane Gold is related to or competes with Fortuna Silver, White Gold, Orogen Royalties, K92 Mining, Torex Gold, Dynacor Gold, and Newcore Gold. Galane Gold Ltd., through its subsidiary, Galane Gold Mines Ltd., engages in the exploration, development, and operation... More
Galane 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 Galane Gold's 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 Galane Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.54 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 38.04 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 14.29 |
Galane Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galane Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galane Gold's standard deviation. In reality, there are many statistical measures that can use Galane Gold historical prices to predict the future Galane Gold's volatility.| Risk Adjusted Performance | 0.043 | |||
| Jensen Alpha | 0.286 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.0236 | |||
| Treynor Ratio | 0.7289 |
Galane Gold Backtested Returns
Galane Gold appears to be out of control, given 3 months investment horizon. Galane Gold holds Efficiency (Sharpe) Ratio of 0.0316, which attests that the entity had a 0.0316% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Galane Gold, which you can use to evaluate the volatility of the firm. Please utilize Galane Gold's Downside Deviation of 9.54, risk adjusted performance of 0.043, and Market Risk Adjusted Performance of 0.7389 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Galane Gold holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Galane Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Galane Gold is expected to be smaller as well. Please check Galane Gold's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Galane Gold's current trending patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Galane Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Galane Gold time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Galane Gold price movement. The serial correlation of -0.68 indicates that around 68.0% of current Galane Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galane Gold lagged returns against current returns
Autocorrelation, which is Galane Gold 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 Galane Gold's otc stock expected returns. We can calculate the autocorrelation of Galane Gold returns to help us make a trade decision. For example, suppose you find that Galane Gold 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 |
Galane 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 Galane Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galane Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galane Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Galane Gold Lagged Returns
When evaluating Galane Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galane Gold otc stock have on its future price. Galane 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, Galane Gold autocorrelation shows the relationship between Galane Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Galane Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Galane OTC Stock
Galane Gold financial ratios help investors to determine whether Galane 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 Galane with respect to the benefits of owning Galane Gold security.