Bravada Gold Stock Market Value
| BVA Stock | CAD 0.02 0.01 33.33% |
| Symbol | Bravada |
Bravada Gold Price To Book Ratio
Bravada 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 Bravada Gold'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 Bravada Gold.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Bravada Gold on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Bravada Gold or generate 0.0% return on investment in Bravada Gold over 30 days. Bravada Gold Corporation engages in the acquisition, exploration, and development of precious metal properties in the Un... More
Bravada 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 Bravada Gold'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 Bravada Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Bravada Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bravada Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bravada Gold's standard deviation. In reality, there are many statistical measures that can use Bravada Gold historical prices to predict the future Bravada Gold's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 1.64 |
Bravada Gold Backtested Returns
At this stage we consider Bravada Stock to be out of control. Bravada Gold secures Sharpe Ratio (or Efficiency) of 0.0111, which signifies that the company had a 0.0111% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Bravada Gold, which you can use to evaluate the volatility of the firm. Please confirm Bravada Gold's risk adjusted performance of 0.0044, and Mean Deviation of 6.85 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The firm shows a Beta (market volatility) of -0.0546, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bravada Gold are expected to decrease at a much lower rate. During the bear market, Bravada Gold is likely to outperform the market. Bravada Gold right now shows a risk of 12.56%. Please confirm Bravada Gold standard deviation and the relationship between the treynor ratio and day typical price , to decide if Bravada Gold will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Bravada Gold has good predictability. Overlapping area represents the amount of predictability between Bravada Gold time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Bravada Gold price movement. The serial correlation of 0.77 indicates that around 77.0% of current Bravada Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bravada Gold lagged returns against current returns
Autocorrelation, which is Bravada Gold 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 Bravada Gold's stock expected returns. We can calculate the autocorrelation of Bravada Gold returns to help us make a trade decision. For example, suppose you find that Bravada Gold 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 |
Bravada 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 Bravada Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bravada Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bravada Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Bravada Gold Lagged Returns
When evaluating Bravada Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bravada Gold stock have on its future price. Bravada 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, Bravada Gold autocorrelation shows the relationship between Bravada Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Bravada Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bravada Stock Analysis
When running Bravada Gold's price analysis, check to measure Bravada Gold'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 Bravada Gold is operating at the current time. Most of Bravada Gold's value examination focuses on studying past and present price action to predict the probability of Bravada Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bravada Gold's price. Additionally, you may evaluate how the addition of Bravada Gold to your portfolios can decrease your overall portfolio volatility.