Black Dragon Resource Stock Market Value
| BDGR Stock | USD 0.0001 0.00 0.00% |
| Symbol | Black |
Black Dragon '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 Black Dragon's 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 Black Dragon.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Black Dragon on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Black Dragon Resource or generate 0.0% return on investment in Black Dragon over 480 days. Black Dragon is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Black Dragon Resource Companies, Inc. operates as a distributor of rare art via blockchain-based technologies or non-fun... More
Black Dragon 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 Black Dragon's 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 Black Dragon Resource upside and downside potential and time the market with a certain degree of confidence.
Black Dragon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Dragon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Dragon's standard deviation. In reality, there are many statistical measures that can use Black Dragon historical prices to predict the future Black Dragon's volatility.Black Dragon Resource Backtested Returns
We have found three technical indicators for Black Dragon Resource, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Black Dragon are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Black Dragon Resource has no correlation between past and present. Overlapping area represents the amount of predictability between Black Dragon time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Black Dragon Resource price movement. The serial correlation of 0.0 indicates that just 0.0% of current Black Dragon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Dragon Resource lagged returns against current returns
Autocorrelation, which is Black Dragon 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 Black Dragon's pink sheet expected returns. We can calculate the autocorrelation of Black Dragon returns to help us make a trade decision. For example, suppose you find that Black Dragon 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 |
Black Dragon 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 Black Dragon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Dragon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Dragon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Black Dragon Lagged Returns
When evaluating Black Dragon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Dragon pink sheet have on its future price. Black Dragon 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, Black Dragon autocorrelation shows the relationship between Black Dragon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Black Dragon Resource.
Regressed Prices |
| Timeline |
Pair Trading with Black Dragon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Black Dragon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Black Dragon will appreciate offsetting losses from the drop in the long position's value.Moving against Black Pink Sheet
The ability to find closely correlated positions to Black Dragon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Dragon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Dragon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Dragon Resource to buy it.
The correlation of Black Dragon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Dragon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Dragon Resource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Black Dragon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Black Pink Sheet Analysis
When running Black Dragon's price analysis, check to measure Black Dragon'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 Black Dragon is operating at the current time. Most of Black Dragon's value examination focuses on studying past and present price action to predict the probability of Black Dragon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Dragon's price. Additionally, you may evaluate how the addition of Black Dragon to your portfolios can decrease your overall portfolio volatility.