Group Eleven Resources Stock Market Value
| ZNG Stock | CAD 0.17 0.00 0.00% |
| Symbol | Group |
Group Eleven Resources Price To Book Ratio
Group Eleven '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 Group Eleven'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 Group Eleven.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Group Eleven on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Group Eleven Resources or generate 0.0% return on investment in Group Eleven over 90 days. Group Eleven is related to or competes with Outcrop Gold, and Grande Portage. Group Eleven Resources Corp. explores for and evaluates mineral properties in Ireland More
Group Eleven 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 Group Eleven'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 Group Eleven Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.56 |
Group Eleven Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Group Eleven's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Group Eleven's standard deviation. In reality, there are many statistical measures that can use Group Eleven historical prices to predict the future Group Eleven's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.4632 |
Group Eleven Resources Backtested Returns
Group Eleven Resources holds Efficiency (Sharpe) Ratio of -0.0543, which attests that the entity had a -0.0543% return per unit of risk over the last 3 months. Group Eleven Resources exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Group Eleven's Standard Deviation of 3.75, market risk adjusted performance of 0.4732, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Group Eleven are expected to decrease at a much lower rate. During the bear market, Group Eleven is likely to outperform the market. At this point, Group Eleven Resources has a negative expected return of -0.19%. Please make sure to check out Group Eleven's maximum drawdown and kurtosis , to decide if Group Eleven Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Group Eleven Resources has modest predictability. Overlapping area represents the amount of predictability between Group Eleven time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Group Eleven Resources price movement. The serial correlation of 0.5 indicates that about 50.0% of current Group Eleven price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Group Eleven Resources lagged returns against current returns
Autocorrelation, which is Group Eleven 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 Group Eleven's stock expected returns. We can calculate the autocorrelation of Group Eleven returns to help us make a trade decision. For example, suppose you find that Group Eleven 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 |
Group Eleven 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 Group Eleven stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Group Eleven stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Group Eleven stock over time.
Current vs Lagged Prices |
| Timeline |
Group Eleven Lagged Returns
When evaluating Group Eleven's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Group Eleven stock have on its future price. Group Eleven 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, Group Eleven autocorrelation shows the relationship between Group Eleven stock current value and its past values and can show if there is a momentum factor associated with investing in Group Eleven Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Group Stock Analysis
When running Group Eleven's price analysis, check to measure Group Eleven'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 Group Eleven is operating at the current time. Most of Group Eleven's value examination focuses on studying past and present price action to predict the probability of Group Eleven's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group Eleven's price. Additionally, you may evaluate how the addition of Group Eleven to your portfolios can decrease your overall portfolio volatility.