Big Ridge Gold Stock Market Value
| BRAU Stock | CAD 0.08 0.01 6.67% |
| Symbol | Big |
Big Ridge Gold Price To Book Ratio
Big Ridge '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 Big Ridge'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 Big Ridge.
| 02/07/2025 |
| 03/09/2025 |
If you would invest 0.00 in Big Ridge on February 7, 2025 and sell it all today you would earn a total of 0.00 from holding Big Ridge Gold or generate 0.0% return on investment in Big Ridge over 30 days. Big Ridge is related to or competes with Ressources Minieres, Capitan Mining, and Cassiar Gold. Big Ridge Gold Corp. owns and operates gold exploration projects in Canada More
Big Ridge 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 Big Ridge'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 Big Ridge Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Big Ridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Big Ridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Big Ridge's standard deviation. In reality, there are many statistical measures that can use Big Ridge historical prices to predict the future Big Ridge's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.2449 | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Big Ridge's 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.
Big Ridge Gold Backtested Returns
Big Ridge Gold secures Sharpe Ratio (or Efficiency) of -0.0451, which signifies that the company had a -0.0451 % return per unit of standard deviation over the last 3 months. Big Ridge Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Big Ridge's mean deviation of 2.42, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Big Ridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Big Ridge is expected to be smaller as well. At this point, Big Ridge Gold has a negative expected return of -0.23%. Please make sure to confirm Big Ridge's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Big Ridge Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Big Ridge Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Big Ridge time series from 7th of February 2025 to 22nd of February 2025 and 22nd of February 2025 to 9th of March 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 Big Ridge Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Big Ridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Big Ridge Gold lagged returns against current returns
Autocorrelation, which is Big Ridge 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 Big Ridge's stock expected returns. We can calculate the autocorrelation of Big Ridge returns to help us make a trade decision. For example, suppose you find that Big Ridge 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 |
Big Ridge 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 Big Ridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Big Ridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Big Ridge stock over time.
Current vs Lagged Prices |
| Timeline |
Big Ridge Lagged Returns
When evaluating Big Ridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Big Ridge stock have on its future price. Big Ridge 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, Big Ridge autocorrelation shows the relationship between Big Ridge stock current value and its past values and can show if there is a momentum factor associated with investing in Big Ridge Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Big Stock Analysis
When running Big Ridge's price analysis, check to measure Big Ridge'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 Big Ridge is operating at the current time. Most of Big Ridge's value examination focuses on studying past and present price action to predict the probability of Big Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Big Ridge's price. Additionally, you may evaluate how the addition of Big Ridge to your portfolios can decrease your overall portfolio volatility.