Bellevue Gold (Australia) Market Value
| BGL Stock | 1.38 0.04 2.99% |
| Symbol | Bellevue |
Bellevue 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 Bellevue 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 Bellevue Gold.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Bellevue Gold on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Bellevue Gold or generate 0.0% return on investment in Bellevue Gold over 360 days. Bellevue Gold is related to or competes with Centuria Industrial, Cleanaway Waste, Falcon Metals, Centaurus Metals, Super Retail, and Platinum Asset. Bellevue Gold is entity of Australia. It is traded as Stock on AU exchange. More
Bellevue 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 Bellevue 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 Bellevue Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0692 | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 5.08 |
Bellevue Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bellevue Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bellevue Gold's standard deviation. In reality, there are many statistical measures that can use Bellevue Gold historical prices to predict the future Bellevue Gold's volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.4177 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | (0.30) |
Bellevue Gold Backtested Returns
Bellevue Gold appears to be very risky, given 3 months investment horizon. Bellevue Gold secures Sharpe Ratio (or Efficiency) of 0.0755, which signifies that the company had a 0.0755% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bellevue Gold, which you can use to evaluate the volatility of the firm. Please makes use of Bellevue Gold's Risk Adjusted Performance of 0.0903, mean deviation of 2.03, and Downside Deviation of 3.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bellevue Gold holds a performance score of 5. The firm shows a Beta (market volatility) of -1.0, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Bellevue Gold are expected to decrease slowly. On the other hand, during market turmoil, Bellevue Gold is expected to outperform it slightly. Please check Bellevue Gold's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Bellevue Gold's price patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Bellevue Gold has poor reverse predictability. Overlapping area represents the amount of predictability between Bellevue Gold time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Bellevue Gold price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Bellevue Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bellevue Gold lagged returns against current returns
Autocorrelation, which is Bellevue 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 Bellevue Gold's stock expected returns. We can calculate the autocorrelation of Bellevue Gold returns to help us make a trade decision. For example, suppose you find that Bellevue 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 |
Bellevue 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 Bellevue Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bellevue Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bellevue Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Bellevue Gold Lagged Returns
When evaluating Bellevue Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bellevue Gold stock have on its future price. Bellevue 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, Bellevue Gold autocorrelation shows the relationship between Bellevue Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Bellevue Gold.
Regressed Prices |
| Timeline |
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Additional Tools for Bellevue Stock Analysis
When running Bellevue Gold's price analysis, check to measure Bellevue 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 Bellevue Gold is operating at the current time. Most of Bellevue Gold's value examination focuses on studying past and present price action to predict the probability of Bellevue 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 Bellevue Gold's price. Additionally, you may evaluate how the addition of Bellevue Gold to your portfolios can decrease your overall portfolio volatility.