Balkan Mining (Australia) Market Value
| BMM Stock | 0.05 0 6.38% |
| Symbol | Balkan |
Balkan Mining '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 Balkan Mining'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 Balkan Mining.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Balkan Mining on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Balkan Mining and or generate 0.0% return on investment in Balkan Mining over 60 days. Balkan Mining is related to or competes with Macquarie Technology, Alternative Investment, Computershare, Flagship Investments, Argo Investments, Diversified United, and Dug Technology. Balkan Mining is entity of Australia. It is traded as Stock on AU exchange. More
Balkan Mining 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 Balkan Mining'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 Balkan Mining and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 29.65 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.93 |
Balkan Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Balkan Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Balkan Mining's standard deviation. In reality, there are many statistical measures that can use Balkan Mining historical prices to predict the future Balkan Mining's volatility.| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.0372 |
Balkan Mining Backtested Returns
Balkan Mining secures Sharpe Ratio (or Efficiency) of -0.0173, which signifies that the company had a -0.0173% return per unit of risk over the last 3 months. Balkan Mining and exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Balkan Mining's Risk Adjusted Performance of 0.0069, standard deviation of 4.71, and Mean Deviation of 2.92 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Balkan Mining are expected to decrease at a much lower rate. During the bear market, Balkan Mining is likely to outperform the market. At this point, Balkan Mining has a negative expected return of -0.0796%. Please make sure to confirm Balkan Mining's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Balkan Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Balkan Mining and has below average predictability. Overlapping area represents the amount of predictability between Balkan Mining time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Balkan Mining price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Balkan Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Balkan Mining lagged returns against current returns
Autocorrelation, which is Balkan Mining 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 Balkan Mining's stock expected returns. We can calculate the autocorrelation of Balkan Mining returns to help us make a trade decision. For example, suppose you find that Balkan Mining 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 |
Balkan Mining 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 Balkan Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Balkan Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Balkan Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Balkan Mining Lagged Returns
When evaluating Balkan Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Balkan Mining stock have on its future price. Balkan Mining 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, Balkan Mining autocorrelation shows the relationship between Balkan Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Balkan Mining and.
Regressed Prices |
| Timeline |
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Additional Tools for Balkan Stock Analysis
When running Balkan Mining's price analysis, check to measure Balkan Mining'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 Balkan Mining is operating at the current time. Most of Balkan Mining's value examination focuses on studying past and present price action to predict the probability of Balkan Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Balkan Mining's price. Additionally, you may evaluate how the addition of Balkan Mining to your portfolios can decrease your overall portfolio volatility.