Bitterroot Resources Stock Market Value
| BITTF Stock | USD 0.04 0.01 21.68% |
| Symbol | Bitterroot |
Bitterroot Resources '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 Bitterroot Resources' pink sheet 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 Bitterroot Resources.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Bitterroot Resources on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bitterroot Resources or generate 0.0% return on investment in Bitterroot Resources over 60 days. Bitterroot Resources Ltd., an exploration stage company, engages in the acquisition, development, exploration, and evalu... More
Bitterroot Resources 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 Bitterroot Resources' pink sheet 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 Bitterroot Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.85 | |||
| Information Ratio | 0.1388 | |||
| Maximum Drawdown | 99.62 | |||
| Value At Risk | (18.33) | |||
| Potential Upside | 31.2 |
Bitterroot Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitterroot Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitterroot Resources' standard deviation. In reality, there are many statistical measures that can use Bitterroot Resources historical prices to predict the future Bitterroot Resources' volatility.| Risk Adjusted Performance | 0.1211 | |||
| Jensen Alpha | 2.25 | |||
| Total Risk Alpha | 1.77 | |||
| Sortino Ratio | 0.1378 | |||
| Treynor Ratio | (1.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitterroot Resources' 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.
Bitterroot Resources Backtested Returns
Bitterroot Resources is out of control given 3 months investment horizon. Bitterroot Resources secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.53% are justified by taking the suggested risk. Use Bitterroot Resources Mean Deviation of 9.21, downside deviation of 15.85, and Risk Adjusted Performance of 0.1211 to evaluate company specific risk that cannot be diversified away. Bitterroot Resources holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.12, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bitterroot Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Bitterroot Resources is expected to outperform it. Use Bitterroot Resources value at risk and the relationship between the skewness and relative strength index , to analyze future returns on Bitterroot Resources.
Auto-correlation | 0.36 |
Below average predictability
Bitterroot Resources has below average predictability. Overlapping area represents the amount of predictability between Bitterroot Resources time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Bitterroot Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Bitterroot Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitterroot Resources lagged returns against current returns
Autocorrelation, which is Bitterroot Resources pink sheet'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 Bitterroot Resources' pink sheet expected returns. We can calculate the autocorrelation of Bitterroot Resources returns to help us make a trade decision. For example, suppose you find that Bitterroot Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bitterroot Resources 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 Bitterroot Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitterroot Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitterroot Resources pink sheet over time.
Current vs Lagged Prices |
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Bitterroot Resources Lagged Returns
When evaluating Bitterroot Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitterroot Resources pink sheet have on its future price. Bitterroot Resources 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, Bitterroot Resources autocorrelation shows the relationship between Bitterroot Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bitterroot Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bitterroot Pink Sheet
Bitterroot Resources financial ratios help investors to determine whether Bitterroot Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bitterroot with respect to the benefits of owning Bitterroot Resources security.