Gratomic Stock Market Value
| GRAT Stock | CAD 0.06 0.01 8.33% |
| Symbol | Gratomic |
Gratomic Price To Book Ratio
Gratomic '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 Gratomic'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 Gratomic.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Gratomic on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Gratomic or generate 0.0% return on investment in Gratomic over 540 days. Gratomic is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Gratomic Inc., a junior exploration company, acquires and explores for mineral properties in Canada and Namibia More
Gratomic 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 Gratomic'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 Gratomic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 65.38 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Gratomic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gratomic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gratomic's standard deviation. In reality, there are many statistical measures that can use Gratomic historical prices to predict the future Gratomic's volatility.| Risk Adjusted Performance | 0.0116 | |||
| Jensen Alpha | 0.2993 | |||
| Total Risk Alpha | (1.42) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gratomic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gratomic Backtested Returns
At this stage we consider Gratomic Stock to be out of control. Gratomic holds Efficiency (Sharpe) Ratio of 0.0143, which attests that the entity had a 0.0143% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Gratomic, which you can use to evaluate the volatility of the firm. Please check out Gratomic's market risk adjusted performance of 0.0017, and Risk Adjusted Performance of 0.0116 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Gratomic has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -2.42, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Gratomic are expected to decrease by larger amounts. On the other hand, during market turmoil, Gratomic is expected to outperform it. Gratomic right now retains a risk of 9.7%. Please check out Gratomic market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Gratomic will be following its current trending patterns.
Auto-correlation | 0.91 |
Excellent predictability
Gratomic has excellent predictability. Overlapping area represents the amount of predictability between Gratomic time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Gratomic price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Gratomic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gratomic lagged returns against current returns
Autocorrelation, which is Gratomic 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 Gratomic's stock expected returns. We can calculate the autocorrelation of Gratomic returns to help us make a trade decision. For example, suppose you find that Gratomic 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 |
Gratomic 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 Gratomic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gratomic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gratomic stock over time.
Current vs Lagged Prices |
| Timeline |
Gratomic Lagged Returns
When evaluating Gratomic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gratomic stock have on its future price. Gratomic 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, Gratomic autocorrelation shows the relationship between Gratomic stock current value and its past values and can show if there is a momentum factor associated with investing in Gratomic.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gratomic Stock Analysis
When running Gratomic's price analysis, check to measure Gratomic'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 Gratomic is operating at the current time. Most of Gratomic's value examination focuses on studying past and present price action to predict the probability of Gratomic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gratomic's price. Additionally, you may evaluate how the addition of Gratomic to your portfolios can decrease your overall portfolio volatility.