Beyond Minerals Stock Market Value
| BYDMF Stock | USD 0.03 0.0003 0.87% |
| Symbol | Beyond |
Beyond Minerals '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 Beyond Minerals' 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 Beyond Minerals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Beyond Minerals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Beyond Minerals or generate 0.0% return on investment in Beyond Minerals over 90 days. Beyond Minerals is related to or competes with Winsome Resources, IGO, IGO, Geodrill, Prime Mining, Silver Dollar, and LithiumBank Resources. Beyond Minerals Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada More
Beyond Minerals 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 Beyond Minerals' 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 Beyond Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.81 | |||
| Information Ratio | 0.0782 | |||
| Maximum Drawdown | 59.78 | |||
| Value At Risk | (19.68) | |||
| Potential Upside | 23.89 |
Beyond Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beyond Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beyond Minerals' standard deviation. In reality, there are many statistical measures that can use Beyond Minerals historical prices to predict the future Beyond Minerals' volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | 0.7662 | |||
| Total Risk Alpha | 2.57 | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | (0.65) |
Beyond Minerals Backtested Returns
Beyond Minerals is out of control given 3 months investment horizon. Beyond Minerals secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.62% are justified by taking the suggested risk. Use Beyond Minerals Mean Deviation of 9.25, downside deviation of 12.81, and Risk Adjusted Performance of 0.0709 to evaluate company specific risk that cannot be diversified away. Beyond Minerals holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.41, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Beyond Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Beyond Minerals is expected to outperform it. Use Beyond Minerals potential upside and the relationship between the skewness and price action indicator , to analyze future returns on Beyond Minerals.
Auto-correlation | -0.47 |
Modest reverse predictability
Beyond Minerals has modest reverse predictability. Overlapping area represents the amount of predictability between Beyond Minerals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Beyond Minerals price movement. The serial correlation of -0.47 indicates that about 47.0% of current Beyond Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beyond Minerals lagged returns against current returns
Autocorrelation, which is Beyond Minerals 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 Beyond Minerals' pink sheet expected returns. We can calculate the autocorrelation of Beyond Minerals returns to help us make a trade decision. For example, suppose you find that Beyond Minerals 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 |
Beyond Minerals 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 Beyond Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beyond Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beyond Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Beyond Minerals Lagged Returns
When evaluating Beyond Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beyond Minerals pink sheet have on its future price. Beyond Minerals 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, Beyond Minerals autocorrelation shows the relationship between Beyond Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Beyond Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beyond Pink Sheet
Beyond Minerals financial ratios help investors to determine whether Beyond 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 Beyond with respect to the benefits of owning Beyond Minerals security.