Blue Moon Zinc Stock Market Value
| MOON Stock | CAD 0.36 0.00 0.00% |
| Symbol | Blue |
Blue Moon Zinc Price To Book Ratio
Blue Moon '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 Blue Moon'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 Blue Moon.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Blue Moon on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Blue Moon Zinc or generate 0.0% return on investment in Blue Moon over 30 days. Blue Moon Zinc Corp., an exploration stage mining company, engages in the exploration and development of mineral resourc... More
Blue Moon 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 Blue Moon'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 Blue Moon Zinc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.64 | |||
| Information Ratio | 0.1075 | |||
| Maximum Drawdown | 23.71 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 9.38 |
Blue Moon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Moon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Moon's standard deviation. In reality, there are many statistical measures that can use Blue Moon historical prices to predict the future Blue Moon's volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.5488 | |||
| Total Risk Alpha | 0.4059 | |||
| Sortino Ratio | 0.0782 | |||
| Treynor Ratio | (1.54) |
Blue Moon Zinc Backtested Returns
Blue Moon appears to be out of control, given 3 months investment horizon. Blue Moon Zinc secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Blue Moon's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Blue Moon's Mean Deviation of 3.3, downside deviation of 6.64, and Risk Adjusted Performance of 0.0988 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Blue Moon holds a performance score of 8. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Blue Moon are expected to decrease at a much lower rate. During the bear market, Blue Moon is likely to outperform the market. Please check Blue Moon's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Blue Moon's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Blue Moon Zinc has no correlation between past and present. Overlapping area represents the amount of predictability between Blue Moon time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Blue Moon Zinc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Blue Moon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blue Moon Zinc lagged returns against current returns
Autocorrelation, which is Blue Moon 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 Blue Moon's stock expected returns. We can calculate the autocorrelation of Blue Moon returns to help us make a trade decision. For example, suppose you find that Blue Moon 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 |
Blue Moon 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 Blue Moon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Moon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Moon stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Moon Lagged Returns
When evaluating Blue Moon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Moon stock have on its future price. Blue Moon 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, Blue Moon autocorrelation shows the relationship between Blue Moon stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Moon Zinc.
Regressed Prices |
| Timeline |
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Additional Tools for Blue Stock Analysis
When running Blue Moon's price analysis, check to measure Blue Moon'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 Blue Moon is operating at the current time. Most of Blue Moon's value examination focuses on studying past and present price action to predict the probability of Blue Moon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Moon's price. Additionally, you may evaluate how the addition of Blue Moon to your portfolios can decrease your overall portfolio volatility.