Black Rock (Australia) Market Value
| BKT Stock | 0.04 0 2.56% |
| Symbol | Black |
Black Rock '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 Rock'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 Rock.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Black Rock on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Black Rock Mining or generate 0.0% return on investment in Black Rock over 540 days. Black Rock is related to or competes with Patriot Battery, Aurelia Metals, and Charter Hall. Black Rock is entity of Australia. It is traded as Stock on AU exchange. More
Black Rock 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 Rock'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 Rock Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 27.41 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.41 |
Black Rock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Rock's standard deviation. In reality, there are many statistical measures that can use Black Rock historical prices to predict the future Black Rock's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 4.22 |
Black Rock Mining Backtested Returns
Black Rock Mining secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Black Rock Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Black Rock's mean deviation of 2.44, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0809, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Black Rock are expected to decrease at a much lower rate. During the bear market, Black Rock is likely to outperform the market. At this point, Black Rock Mining has a negative expected return of -0.42%. Please make sure to confirm Black Rock's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Black Rock Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Black Rock Mining has good predictability. Overlapping area represents the amount of predictability between Black Rock time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Black Rock Mining price movement. The serial correlation of 0.67 indicates that around 67.0% of current Black Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Rock Mining lagged returns against current returns
Autocorrelation, which is Black Rock 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 Rock's stock expected returns. We can calculate the autocorrelation of Black Rock returns to help us make a trade decision. For example, suppose you find that Black Rock 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 Rock 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 Rock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Rock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Rock stock over time.
Current vs Lagged Prices |
| Timeline |
Black Rock Lagged Returns
When evaluating Black Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Rock stock have on its future price. Black Rock 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 Rock autocorrelation shows the relationship between Black Rock stock current value and its past values and can show if there is a momentum factor associated with investing in Black Rock Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Black Stock Analysis
When running Black Rock's price analysis, check to measure Black Rock'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 Rock is operating at the current time. Most of Black Rock's value examination focuses on studying past and present price action to predict the probability of Black Rock'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 Rock's price. Additionally, you may evaluate how the addition of Black Rock to your portfolios can decrease your overall portfolio volatility.