Banyan Gold Corp Stock Market Value
| BYN Stock | CAD 0.19 0.01 5.56% |
| Symbol | Banyan |
Banyan Gold Corp Price To Book Ratio
Banyan Gold '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 Banyan Gold'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 Banyan Gold.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Banyan Gold on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Banyan Gold Corp or generate 0.0% return on investment in Banyan Gold over 30 days. Banyan Gold is related to or competes with Q Gold, and Goldbank Mining. Banyan Gold Corp. engages in the exploration and development of precious metals More
Banyan Gold 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 Banyan Gold'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 Banyan Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 4.76 |
Banyan Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banyan Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banyan Gold's standard deviation. In reality, there are many statistical measures that can use Banyan Gold historical prices to predict the future Banyan Gold's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.5735 |
Banyan Gold Corp Backtested Returns
Banyan Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0502, which signifies that the company had a -0.0502% return per unit of risk over the last 3 months. Banyan Gold Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banyan Gold's Standard Deviation of 3.62, risk adjusted performance of (0.06), and Mean Deviation of 2.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Banyan Gold are expected to decrease at a much lower rate. During the bear market, Banyan Gold is likely to outperform the market. At this point, Banyan Gold Corp has a negative expected return of -0.17%. Please make sure to confirm Banyan Gold's treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Banyan Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Banyan Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Banyan Gold time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Banyan Gold Corp price movement. The serial correlation of -0.18 indicates that over 18.0% of current Banyan Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Banyan Gold Corp lagged returns against current returns
Autocorrelation, which is Banyan Gold 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 Banyan Gold's stock expected returns. We can calculate the autocorrelation of Banyan Gold returns to help us make a trade decision. For example, suppose you find that Banyan Gold 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 |
Banyan Gold 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 Banyan Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banyan Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banyan Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Banyan Gold Lagged Returns
When evaluating Banyan Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banyan Gold stock have on its future price. Banyan Gold 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, Banyan Gold autocorrelation shows the relationship between Banyan Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Banyan Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Banyan Stock Analysis
When running Banyan Gold's price analysis, check to measure Banyan Gold'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 Banyan Gold is operating at the current time. Most of Banyan Gold's value examination focuses on studying past and present price action to predict the probability of Banyan Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banyan Gold's price. Additionally, you may evaluate how the addition of Banyan Gold to your portfolios can decrease your overall portfolio volatility.