Gratifii (Australia) Market Value
| GTI Stock | 0.11 0.00 0.00% |
| Symbol | Gratifii |
Gratifii '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 Gratifii'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 Gratifii.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Gratifii on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Gratifii or generate 0.0% return on investment in Gratifii over 30 days. Gratifii is related to or competes with Commonwealth Bank, Commonwealth Bank, Champion Iron, IShares Global, Peel Mining, Perpetual Credit, and Talisman Mining. Gratifii is entity of Australia. It is traded as Stock on AU exchange. More
Gratifii 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 Gratifii'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 Gratifii upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.38 | |||
| Information Ratio | 0.1102 | |||
| Maximum Drawdown | 65.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Gratifii Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gratifii's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gratifii's standard deviation. In reality, there are many statistical measures that can use Gratifii historical prices to predict the future Gratifii's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.7347 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 0.2322 |
Gratifii Backtested Returns
Gratifii is out of control given 3 months investment horizon. Gratifii holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.67% are justified by taking the suggested risk. Use Gratifii risk adjusted performance of 0.1014, and Market Risk Adjusted Performance of 0.2422 to evaluate company specific risk that cannot be diversified away. Gratifii holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 7.03, 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, Gratifii will likely underperform. Use Gratifii market risk adjusted performance, semi deviation, variance, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Gratifii.
Auto-correlation | 0.89 |
Very good predictability
Gratifii has very good predictability. Overlapping area represents the amount of predictability between Gratifii time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Gratifii price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Gratifii price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gratifii lagged returns against current returns
Autocorrelation, which is Gratifii 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 Gratifii's stock expected returns. We can calculate the autocorrelation of Gratifii returns to help us make a trade decision. For example, suppose you find that Gratifii 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 |
Gratifii 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 Gratifii stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gratifii stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gratifii stock over time.
Current vs Lagged Prices |
| Timeline |
Gratifii Lagged Returns
When evaluating Gratifii's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gratifii stock have on its future price. Gratifii 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, Gratifii autocorrelation shows the relationship between Gratifii stock current value and its past values and can show if there is a momentum factor associated with investing in Gratifii.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gratifii Stock Analysis
When running Gratifii's price analysis, check to measure Gratifii'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 Gratifii is operating at the current time. Most of Gratifii's value examination focuses on studying past and present price action to predict the probability of Gratifii's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gratifii's price. Additionally, you may evaluate how the addition of Gratifii to your portfolios can decrease your overall portfolio volatility.