Brightrock Gold's market value is the price at which a share of Brightrock Gold trades on a public exchange. It measures the collective expectations of Brightrock Gold Corp investors about its performance. Brightrock Gold is trading at 0.094 as of the 13th of January 2025, a 10.72% increase since the beginning of the trading day. The stock's open price was 0.0849. With this module, you can estimate the performance of a buy and hold strategy of Brightrock Gold Corp and determine expected loss or profit from investing in Brightrock Gold over a given investment horizon. Check out Brightrock Gold Correlation, Brightrock Gold Volatility and Brightrock Gold Alpha and Beta module to complement your research on Brightrock Gold.
Please note, there is a significant difference between Brightrock Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brightrock Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brightrock Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Brightrock Gold '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 Brightrock Gold's 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 Brightrock Gold.
0.00
12/14/2024
No Change 0.00
0.0
In 30 days
01/13/2025
0.00
If you would invest 0.00 in Brightrock Gold on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Brightrock Gold Corp or generate 0.0% return on investment in Brightrock Gold over 30 days. Brightrock Gold is related to or competes with Platinum Group, Perpetua Resources, and Denarius Silver. BrightRock Gold Corp. operates as a lithium exploration company More
Brightrock Gold 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 Brightrock Gold's 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 Brightrock Gold Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brightrock Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brightrock Gold's standard deviation. In reality, there are many statistical measures that can use Brightrock Gold historical prices to predict the future Brightrock Gold's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Brightrock Gold. Your research has to be compared to or analyzed against Brightrock Gold's peers to derive any actionable benefits. When done correctly, Brightrock Gold's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Brightrock Gold Corp.
Brightrock Gold Corp Backtested Returns
Brightrock Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0106, which signifies that the company had a -0.0106% return per unit of risk over the last 3 months. Brightrock Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brightrock Gold's Risk Adjusted Performance of (0.02), mean deviation of 5.58, and Standard Deviation of 7.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.05, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Brightrock Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Brightrock Gold is expected to outperform it. At this point, Brightrock Gold Corp has a negative expected return of -0.0841%. Please make sure to confirm Brightrock Gold's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Brightrock Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.02
Very weak reverse predictability
Brightrock Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Brightrock Gold time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th 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 Brightrock Gold Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Brightrock Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.02
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
0.0
Brightrock Gold Corp lagged returns against current returns
Autocorrelation, which is Brightrock Gold 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 Brightrock Gold's pink sheet expected returns. We can calculate the autocorrelation of Brightrock Gold returns to help us make a trade decision. For example, suppose you find that Brightrock Gold 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
Brightrock Gold 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 Brightrock Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brightrock Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brightrock Gold pink sheet over time.
Current vs Lagged Prices
Timeline
Brightrock Gold Lagged Returns
When evaluating Brightrock Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brightrock Gold pink sheet have on its future price. Brightrock Gold 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, Brightrock Gold autocorrelation shows the relationship between Brightrock Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brightrock Gold Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Brightrock Pink Sheet
Brightrock Gold financial ratios help investors to determine whether Brightrock 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 Brightrock with respect to the benefits of owning Brightrock Gold security.