Garibaldi Resources Corp Stock Market Value
| GGIFF Stock | USD 0.04 0.00 0.00% |
| Symbol | Garibaldi |
Garibaldi Resources '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 Garibaldi Resources' 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 Garibaldi Resources.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Garibaldi Resources on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Garibaldi Resources Corp or generate 0.0% return on investment in Garibaldi Resources over 180 days. Garibaldi Resources is related to or competes with IGO. Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mine... More
Garibaldi Resources 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 Garibaldi Resources' 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 Garibaldi Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.27 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 210.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Garibaldi Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garibaldi Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garibaldi Resources' standard deviation. In reality, there are many statistical measures that can use Garibaldi Resources historical prices to predict the future Garibaldi Resources' volatility.| Risk Adjusted Performance | 0.0688 | |||
| Jensen Alpha | 1.6 | |||
| Total Risk Alpha | (1.40) | |||
| Sortino Ratio | 0.0616 | |||
| Treynor Ratio | 0.7919 |
Garibaldi Resources Corp Backtested Returns
Garibaldi Resources is out of control given 3 months investment horizon. Garibaldi Resources Corp holds Efficiency (Sharpe) Ratio of 0.0771, which attests that the entity had a 0.0771% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.86% are justified by taking the suggested risk. Use Garibaldi Resources Corp Market Risk Adjusted Performance of 0.8019, risk adjusted performance of 0.0688, and Downside Deviation of 28.27 to evaluate company specific risk that cannot be diversified away. Garibaldi Resources holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.33, 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, Garibaldi Resources will likely underperform. Use Garibaldi Resources Corp treynor ratio, expected short fall, relative strength index, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Garibaldi Resources Corp.
Auto-correlation | -0.01 |
Very weak reverse predictability
Garibaldi Resources Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Garibaldi Resources time series from 7th of June 2024 to 5th of September 2024 and 5th of September 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 Garibaldi Resources Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current Garibaldi Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Garibaldi Resources Corp lagged returns against current returns
Autocorrelation, which is Garibaldi Resources 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 Garibaldi Resources' pink sheet expected returns. We can calculate the autocorrelation of Garibaldi Resources returns to help us make a trade decision. For example, suppose you find that Garibaldi Resources 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 |
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Garibaldi Resources 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 Garibaldi Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garibaldi Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garibaldi Resources pink sheet over time.
Current vs Lagged Prices |
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Garibaldi Resources Lagged Returns
When evaluating Garibaldi Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garibaldi Resources pink sheet have on its future price. Garibaldi Resources 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, Garibaldi Resources autocorrelation shows the relationship between Garibaldi Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Garibaldi Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Garibaldi Pink Sheet
Garibaldi Resources financial ratios help investors to determine whether Garibaldi 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 Garibaldi with respect to the benefits of owning Garibaldi Resources security.