Bemetals Corp Stock Market Value
| BMET Stock | CAD 0.05 0.01 9.09% |
| Symbol | BeMetals |
BeMetals Corp Price To Book Ratio
BeMetals Corp '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 BeMetals Corp'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 BeMetals Corp.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in BeMetals Corp on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding BeMetals Corp or generate 0.0% return on investment in BeMetals Corp over 60 days. BeMetals Corp is related to or competes with Champion Iron, CVW CleanTech, Westshore Terminals, Plaza Retail, Algoma Steel, Northstar Clean, and East Side. BeMetals Corp. explores for, develops, and produces precious and base metal properties More
BeMetals Corp 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 BeMetals Corp'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 BeMetals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 33.57 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 9.09 |
BeMetals Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BeMetals Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BeMetals Corp's standard deviation. In reality, there are many statistical measures that can use BeMetals Corp historical prices to predict the future BeMetals Corp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 2.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BeMetals Corp'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.
BeMetals Corp Backtested Returns
BeMetals Corp secures Sharpe Ratio (or Efficiency) of -0.0948, which signifies that the company had a -0.0948% return per unit of return volatility over the last 3 months. BeMetals Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BeMetals Corp's Coefficient Of Variation of (1,342), mean deviation of 3.82, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BeMetals Corp are expected to decrease at a much lower rate. During the bear market, BeMetals Corp is likely to outperform the market. At this point, BeMetals Corp has a negative expected return of -0.57%. Please make sure to confirm BeMetals Corp's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if BeMetals Corp performance from the past will be repeated at some future point.
Auto-correlation | 0.85 |
Very good predictability
BeMetals Corp has very good predictability. Overlapping area represents the amount of predictability between BeMetals Corp time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th 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 BeMetals Corp price movement. The serial correlation of 0.85 indicates that around 85.0% of current BeMetals Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BeMetals Corp lagged returns against current returns
Autocorrelation, which is BeMetals Corp 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 BeMetals Corp's stock expected returns. We can calculate the autocorrelation of BeMetals Corp returns to help us make a trade decision. For example, suppose you find that BeMetals Corp 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 |
BeMetals Corp 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 BeMetals Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BeMetals Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BeMetals Corp stock over time.
Current vs Lagged Prices |
| Timeline |
BeMetals Corp Lagged Returns
When evaluating BeMetals Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BeMetals Corp stock have on its future price. BeMetals Corp 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, BeMetals Corp autocorrelation shows the relationship between BeMetals Corp stock current value and its past values and can show if there is a momentum factor associated with investing in BeMetals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BeMetals Stock Analysis
When running BeMetals Corp's price analysis, check to measure BeMetals Corp'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 BeMetals Corp is operating at the current time. Most of BeMetals Corp's value examination focuses on studying past and present price action to predict the probability of BeMetals Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BeMetals Corp's price. Additionally, you may evaluate how the addition of BeMetals Corp to your portfolios can decrease your overall portfolio volatility.