Bathurst Metals Corp Stock Market Value
| BMVVF Stock | USD 0.04 0.00 0.00% |
| Symbol | Bathurst |
Bathurst Metals '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 Bathurst Metals' 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 Bathurst Metals.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Bathurst Metals on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Bathurst Metals Corp or generate 0.0% return on investment in Bathurst Metals over 720 days. Bathurst Metals is related to or competes with Piedmont Lithium, Sigma Lithium, Standard Lithium, MP Materials, and Vale SA. Bathurst Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral... More
Bathurst Metals 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 Bathurst Metals' 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 Bathurst Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0975 | |||
| Maximum Drawdown | 14.9 |
Bathurst Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bathurst Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bathurst Metals' standard deviation. In reality, there are many statistical measures that can use Bathurst Metals historical prices to predict the future Bathurst Metals' volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.1935 | |||
| Total Risk Alpha | 0.1475 | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bathurst Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bathurst Metals Corp Backtested Returns
Bathurst Metals Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of risk over the last 3 months. Bathurst Metals Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bathurst Metals' Mean Deviation of 0.4179, risk adjusted performance of 0.1011, and Standard Deviation of 1.73 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bathurst Metals are expected to decrease at a much lower rate. During the bear market, Bathurst Metals is likely to outperform the market. At this point, Bathurst Metals Corp has a negative expected return of -0.0152%. Please make sure to confirm Bathurst Metals' treynor ratio and day median price , to decide if Bathurst Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Bathurst Metals Corp has modest predictability. Overlapping area represents the amount of predictability between Bathurst Metals time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st 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 Bathurst Metals Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current Bathurst Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bathurst Metals Corp lagged returns against current returns
Autocorrelation, which is Bathurst Metals 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 Bathurst Metals' pink sheet expected returns. We can calculate the autocorrelation of Bathurst Metals returns to help us make a trade decision. For example, suppose you find that Bathurst Metals 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 |
Bathurst Metals 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 Bathurst Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bathurst Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bathurst Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bathurst Metals Lagged Returns
When evaluating Bathurst Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bathurst Metals pink sheet have on its future price. Bathurst Metals 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, Bathurst Metals autocorrelation shows the relationship between Bathurst Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bathurst Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bathurst Pink Sheet
Bathurst Metals financial ratios help investors to determine whether Bathurst Pink Sheet 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 Bathurst with respect to the benefits of owning Bathurst Metals security.