Butn (Australia) Market Value
| BTN Stock | 0.07 0.00 0.00% |
| Symbol | Butn |
Butn '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 Butn'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 Butn.
| 05/31/2024 |
| 12/27/2024 |
If you would invest 0.00 in Butn on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Butn or generate 0.0% return on investment in Butn over 210 days. Butn is related to or competes with Coronado Global. Butn is entity of Australia. It is traded as Stock on AU exchange. More
Butn 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 Butn'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 Butn upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.41 | |||
| Information Ratio | 0.0425 | |||
| Maximum Drawdown | 23.24 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 7.69 |
Butn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Butn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Butn's standard deviation. In reality, there are many statistical measures that can use Butn historical prices to predict the future Butn's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.1862 | |||
| Total Risk Alpha | 0.0783 | |||
| Sortino Ratio | 0.0301 | |||
| Treynor Ratio | (3.44) |
Butn Backtested Returns
Butn appears to be out of control, given 3 months investment horizon. Butn secures Sharpe Ratio (or Efficiency) of 0.0753, which signifies that the company had a 0.0753% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Butn, which you can use to evaluate the volatility of the firm. Please makes use of Butn's Risk Adjusted Performance of 0.0485, downside deviation of 5.41, and Mean Deviation of 2.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Butn holds a performance score of 5. The firm shows a Beta (market volatility) of -0.0538, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Butn are expected to decrease at a much lower rate. During the bear market, Butn is likely to outperform the market. Please check Butn's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Butn's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Butn has good predictability. Overlapping area represents the amount of predictability between Butn time series from 31st of May 2024 to 13th of September 2024 and 13th of September 2024 to 27th of December 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 Butn price movement. The serial correlation of 0.77 indicates that around 77.0% of current Butn price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Butn lagged returns against current returns
Autocorrelation, which is Butn 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 Butn's stock expected returns. We can calculate the autocorrelation of Butn returns to help us make a trade decision. For example, suppose you find that Butn 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 |
Butn 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 Butn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Butn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Butn stock over time.
Current vs Lagged Prices |
| Timeline |
Butn Lagged Returns
When evaluating Butn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Butn stock have on its future price. Butn 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, Butn autocorrelation shows the relationship between Butn stock current value and its past values and can show if there is a momentum factor associated with investing in Butn.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Butn Stock Analysis
When running Butn's price analysis, check to measure Butn'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 Butn is operating at the current time. Most of Butn's value examination focuses on studying past and present price action to predict the probability of Butn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Butn's price. Additionally, you may evaluate how the addition of Butn to your portfolios can decrease your overall portfolio volatility.