Genesis Minerals (Australia) Market Value
| GMD Stock | 2.50 0.04 1.57% |
| Symbol | Genesis |
Genesis Minerals '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 Genesis Minerals' 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 Genesis Minerals.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Genesis Minerals on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Genesis Minerals or generate 0.0% return on investment in Genesis Minerals over 90 days. Genesis Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, and Perseus Mining. Genesis Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Genesis Minerals 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 Genesis Minerals' 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 Genesis Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0958 | |||
| Maximum Drawdown | 12.82 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 5.29 |
Genesis Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesis Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesis Minerals' standard deviation. In reality, there are many statistical measures that can use Genesis Minerals historical prices to predict the future Genesis Minerals' volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.2921 | |||
| Total Risk Alpha | 0.207 | |||
| Sortino Ratio | 0.1156 | |||
| Treynor Ratio | (0.72) |
Genesis Minerals Backtested Returns
Genesis Minerals appears to be risky, given 3 months investment horizon. Genesis Minerals holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Genesis Minerals, which you can use to evaluate the volatility of the firm. Please utilize Genesis Minerals' Downside Deviation of 2.26, market risk adjusted performance of (0.71), and Risk Adjusted Performance of 0.0924 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesis Minerals holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Genesis Minerals are expected to decrease at a much lower rate. During the bear market, Genesis Minerals is likely to outperform the market. Please check Genesis Minerals' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Genesis Minerals' current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Genesis Minerals has good predictability. Overlapping area represents the amount of predictability between Genesis Minerals time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Genesis Minerals price movement. The serial correlation of 0.73 indicates that around 73.0% of current Genesis Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Genesis Minerals lagged returns against current returns
Autocorrelation, which is Genesis Minerals 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 Genesis Minerals' stock expected returns. We can calculate the autocorrelation of Genesis Minerals returns to help us make a trade decision. For example, suppose you find that Genesis Minerals 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 |
Genesis Minerals 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 Genesis Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesis Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesis Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Genesis Minerals Lagged Returns
When evaluating Genesis Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesis Minerals stock have on its future price. Genesis Minerals 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, Genesis Minerals autocorrelation shows the relationship between Genesis Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Genesis Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Genesis Stock Analysis
When running Genesis Minerals' price analysis, check to measure Genesis Minerals' 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 Genesis Minerals is operating at the current time. Most of Genesis Minerals' value examination focuses on studying past and present price action to predict the probability of Genesis Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genesis Minerals' price. Additionally, you may evaluate how the addition of Genesis Minerals to your portfolios can decrease your overall portfolio volatility.