Barrick Gold (Germany) Market Value
| ABR Stock | EUR 16.35 0.15 0.93% |
| Symbol | Barrick |
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.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Barrick Gold on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Barrick Gold or generate 0.0% return on investment in Barrick Gold over 90 days. Barrick Gold is related to or competes with Franco Nevada, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. Barrick Gold Corporation explores for and develops mineral properties 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.6 |
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 | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.5559 |
Barrick Gold Backtested Returns
Barrick Gold secures Sharpe Ratio (or Efficiency) of -0.0555, which signifies that the company had a -0.0555% return per unit of risk over the last 3 months. Barrick Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Barrick Gold's Mean Deviation of 1.55, risk adjusted performance of (0.03), and Standard Deviation of 1.91 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Barrick Gold are expected to decrease at a much lower rate. During the bear market, Barrick Gold is likely to outperform the market. At this point, Barrick Gold has a negative expected return of -0.11%. Please make sure to confirm Barrick Gold's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Barrick Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Barrick Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Barrick Gold time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Barrick Gold price movement. The serial correlation of -0.23 indicates that over 23.0% of current Barrick Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Barrick Gold 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Barrick Stock
Barrick Gold financial ratios help investors to determine whether Barrick Stock 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 Barrick with respect to the benefits of owning Barrick Gold security.