Guskin Gold Corp Stock Market Value
| GKIN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Guskin |
Guskin 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 Guskin Gold's 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 Guskin Gold.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Guskin Gold on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Guskin Gold Corp or generate 0.0% return on investment in Guskin Gold over 180 days. Guskin Gold is related to or competes with Revival Gold, Galiano Gold, US Gold, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. Guskin Gold Corp. focuses on identifying, assessing, and vetting various gold and mineral properties in Africa More
Guskin 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 Guskin Gold's 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 Guskin Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.116 | |||
| Maximum Drawdown | 3697.3 |
Guskin Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guskin Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guskin Gold's standard deviation. In reality, there are many statistical measures that can use Guskin Gold historical prices to predict the future Guskin Gold's volatility.| Risk Adjusted Performance | 0.0943 | |||
| Jensen Alpha | 43.03 | |||
| Total Risk Alpha | (3.57) | |||
| Treynor Ratio | 0.543 |
Guskin Gold Corp Backtested Returns
Guskin Gold is out of control given 3 months investment horizon. Guskin Gold Corp holds Efficiency (Sharpe) Ratio of 0.0994, which attests that the entity had a 0.0994% return per unit of risk over the last 3 months. We were able to collect and analyze data for sixteen different technical indicators, which can help you to evaluate if expected returns of 12.58% are justified by taking the suggested risk. Use Guskin Gold Corp Standard Deviation of 443.82, market risk adjusted performance of 0.553, and Risk Adjusted Performance of 0.0943 to evaluate company specific risk that cannot be diversified away. Guskin Gold holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 95.0, 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, Guskin Gold will likely underperform. Use Guskin Gold Corp treynor ratio and day median price , to analyze future returns on Guskin Gold Corp.
Auto-correlation | 0.25 |
Poor predictability
Guskin Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Guskin Gold time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Guskin Gold Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Guskin Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guskin Gold Corp lagged returns against current returns
Autocorrelation, which is Guskin Gold 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 Guskin Gold's pink sheet expected returns. We can calculate the autocorrelation of Guskin Gold returns to help us make a trade decision. For example, suppose you find that Guskin Gold 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 |
| Timeline |
Guskin 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 Guskin Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guskin Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guskin Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Guskin Gold Lagged Returns
When evaluating Guskin Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guskin Gold pink sheet have on its future price. Guskin 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, Guskin Gold autocorrelation shows the relationship between Guskin Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Guskin Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Guskin Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Guskin Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Guskin Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Guskin Pink Sheet
| 0.85 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.63 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.9 | GOLD | Barrick Gold Corp | PairCorr |
The ability to find closely correlated positions to Guskin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guskin Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Guskin Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Guskin Gold Corp to buy it.
The correlation of Guskin Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guskin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guskin Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Guskin Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Guskin Pink Sheet
Guskin Gold financial ratios help investors to determine whether Guskin 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 Guskin with respect to the benefits of owning Guskin Gold security.