Great Northern (Australia) Market Value
| GNM Stock | 0.01 0 6.67% |
| Symbol | Great |
Great Northern '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 Great Northern'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 Great Northern.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Great Northern on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Great Northern Minerals or generate 0.0% return on investment in Great Northern over 720 days. Great Northern is related to or competes with Northern Star, Evolution Mining, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Great Northern is entity of Australia. It is traded as Stock on AU exchange. More
Great Northern 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 Great Northern'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 Great Northern Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.81 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.33 |
Great Northern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Northern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Northern's standard deviation. In reality, there are many statistical measures that can use Great Northern historical prices to predict the future Great Northern's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.0845 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | 0.1539 |
Great Northern Minerals Backtested Returns
Great Northern Minerals holds Efficiency (Sharpe) Ratio of -0.0207, which attests that the entity had a -0.0207% return per unit of risk over the last 3 months. Great Northern Minerals exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great Northern's Downside Deviation of 7.81, risk adjusted performance of 0.0281, and Market Risk Adjusted Performance of 0.1639 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Great Northern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great Northern is expected to be smaller as well. At this point, Great Northern Minerals has a negative expected return of -0.0997%. Please make sure to check out Great Northern's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Great Northern Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Great Northern Minerals has modest predictability. Overlapping area represents the amount of predictability between Great Northern time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Great Northern Minerals price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Great Northern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great Northern Minerals lagged returns against current returns
Autocorrelation, which is Great Northern 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 Great Northern's stock expected returns. We can calculate the autocorrelation of Great Northern returns to help us make a trade decision. For example, suppose you find that Great Northern 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 |
Great Northern 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 Great Northern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Northern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Northern stock over time.
Current vs Lagged Prices |
| Timeline |
Great Northern Lagged Returns
When evaluating Great Northern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Northern stock have on its future price. Great Northern 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, Great Northern autocorrelation shows the relationship between Great Northern stock current value and its past values and can show if there is a momentum factor associated with investing in Great Northern Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Great Stock Analysis
When running Great Northern's price analysis, check to measure Great Northern'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 Great Northern is operating at the current time. Most of Great Northern's value examination focuses on studying past and present price action to predict the probability of Great Northern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Northern's price. Additionally, you may evaluate how the addition of Great Northern to your portfolios can decrease your overall portfolio volatility.