Barrick Gold Corp Stock Market Value
| GOLD Stock | USD 17.57 0.01 0.06% |
| Symbol | Barrick |
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Barrick 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 Barrick 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 Barrick Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Barrick Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Barrick Gold Corp or generate 0.0% return on investment in Barrick Gold over 30 days. Barrick Gold is related to or competes with Agnico Eagle, Pan American, Wheaton Precious, Kinross Gold, Newmont Goldcorp, Gold Fields, and Franco Nevada. Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper propertie... More
Barrick 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 Barrick 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 Barrick Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.85 |
Barrick Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barrick Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barrick Gold's standard deviation. In reality, there are many statistical measures that can use Barrick Gold historical prices to predict the future Barrick Gold's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.95) |
Barrick Gold Corp Backtested Returns
Barrick Gold Corp secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Barrick Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Barrick Gold's Risk Adjusted Performance of (0.08), standard deviation of 1.89, and Mean Deviation of 1.53 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, Barrick Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barrick Gold is expected to be smaller as well. At this point, Barrick Gold Corp has a negative expected return of -0.2%. Please make sure to confirm Barrick Gold's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Barrick Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Barrick Gold Corp has good reverse predictability. Overlapping area represents the amount of predictability between Barrick Gold time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Barrick Gold Corp price movement. The serial correlation of -0.53 indicates that about 53.0% of current Barrick Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Barrick Gold Corp lagged returns against current returns
Autocorrelation, which is Barrick 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 Barrick Gold's stock expected returns. We can calculate the autocorrelation of Barrick Gold returns to help us make a trade decision. For example, suppose you find that Barrick 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 |
Barrick 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 Barrick Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barrick Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barrick Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Barrick Gold Lagged Returns
When evaluating Barrick Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barrick Gold stock have on its future price. Barrick 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, Barrick Gold autocorrelation shows the relationship between Barrick Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Barrick Gold Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:Check out Barrick Gold Correlation, Barrick Gold Volatility and Barrick Gold Alpha and Beta module to complement your research on Barrick Gold. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Barrick Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.