Gtn (Australia) Market Value
| GTN Stock | 0.57 0.01 1.72% |
| Symbol | Gtn |
Gtn '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 Gtn'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 Gtn.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Gtn on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gtn or generate 0.0% return on investment in Gtn over 240 days. Gtn is related to or competes with Westpac Banking, IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. Gtn is entity of Australia. It is traded as Stock on AU exchange. More
Gtn 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 Gtn'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 Gtn upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 22.75 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 3.7 |
Gtn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gtn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gtn's standard deviation. In reality, there are many statistical measures that can use Gtn historical prices to predict the future Gtn's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.337 | |||
| Total Risk Alpha | 0.2405 | |||
| Sortino Ratio | 0.1003 | |||
| Treynor Ratio | (3.29) |
Gtn Backtested Returns
Gtn appears to be abnormally volatile, given 3 months investment horizon. Gtn holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gtn, which you can use to evaluate the volatility of the firm. Please utilize Gtn's Market Risk Adjusted Performance of (3.28), risk adjusted performance of 0.0888, and Downside Deviation of 3.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gtn holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gtn are expected to decrease at a much lower rate. During the bear market, Gtn is likely to outperform the market. Please check Gtn's 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 Gtn's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Gtn has modest reverse predictability. Overlapping area represents the amount of predictability between Gtn time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Gtn price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Gtn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gtn lagged returns against current returns
Autocorrelation, which is Gtn 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 Gtn's stock expected returns. We can calculate the autocorrelation of Gtn returns to help us make a trade decision. For example, suppose you find that Gtn 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 |
Gtn 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 Gtn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gtn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gtn stock over time.
Current vs Lagged Prices |
| Timeline |
Gtn Lagged Returns
When evaluating Gtn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gtn stock have on its future price. Gtn 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, Gtn autocorrelation shows the relationship between Gtn stock current value and its past values and can show if there is a momentum factor associated with investing in Gtn.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gtn Stock Analysis
When running Gtn's price analysis, check to measure Gtn'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 Gtn is operating at the current time. Most of Gtn's value examination focuses on studying past and present price action to predict the probability of Gtn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gtn's price. Additionally, you may evaluate how the addition of Gtn to your portfolios can decrease your overall portfolio volatility.