Black Iron Stock Market Value
| BKI Stock | CAD 0.13 0.01 8.33% |
| Symbol | Black |
Black Iron Price To Book Ratio
Black Iron '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 Iron'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 Black Iron.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Black Iron on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Black Iron or generate 0.0% return on investment in Black Iron over 30 days. Black Iron Inc. operates as an iron ore exploration and development company More
Black Iron 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 Iron'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 Black Iron upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.48 | |||
| Information Ratio | 0.1721 | |||
| Maximum Drawdown | 120.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Black Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Iron's standard deviation. In reality, there are many statistical measures that can use Black Iron historical prices to predict the future Black Iron's volatility.| Risk Adjusted Performance | 0.1502 | |||
| Jensen Alpha | 2.94 | |||
| Total Risk Alpha | 2.66 | |||
| Sortino Ratio | 0.176 | |||
| Treynor Ratio | (1.41) |
Black Iron Backtested Returns
Black Iron is out of control given 3 months investment horizon. Black Iron secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.03% are justified by taking the suggested risk. Use Black Iron risk adjusted performance of 0.1502, and Mean Deviation of 10.41 to evaluate company specific risk that cannot be diversified away. Black Iron holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.07, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Black Iron are expected to decrease by larger amounts. On the other hand, during market turmoil, Black Iron is expected to outperform it. Use Black Iron sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to analyze future returns on Black Iron.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Black Iron has insignificant reverse predictability. Overlapping area represents the amount of predictability between Black Iron time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 2025. 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 Iron price movement. The serial correlation of -0.17 indicates that over 17.0% of current Black Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Iron lagged returns against current returns
Autocorrelation, which is Black Iron 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 Black Iron's stock expected returns. We can calculate the autocorrelation of Black Iron returns to help us make a trade decision. For example, suppose you find that Black Iron 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 |
Black Iron 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 Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Black Iron Lagged Returns
When evaluating Black Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Iron stock have on its future price. Black Iron 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 Iron autocorrelation shows the relationship between Black Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Black Iron.
Regressed Prices |
| Timeline |
Pair Trading with Black Iron
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 Iron 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 Iron will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
Moving against Black Stock
| 0.85 | ORE | Orezone Gold Corp | PairCorr |
| 0.8 | INFM | Infinico Metals Corp | PairCorr |
| 0.8 | CG | Centerra Gold | PairCorr |
| 0.78 | PNC-B | Postmedia Network Canada Earnings Call This Week | PairCorr |
| 0.67 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Black Iron 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 Iron 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 Iron - 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 Iron to buy it.
The correlation of Black Iron 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 Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Iron 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 Iron 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.Other Information on Investing in Black Stock
Black Iron financial ratios help investors to determine whether Black 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 Black with respect to the benefits of owning Black Iron security.