BARRICK PD AUSTRALIA Market Value
| 06849UAD7 | 103.26 0.14 0.14% |
| Symbol | BARRICK |
BARRICK '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 BARRICK's bond 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 BARRICK.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in BARRICK on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding BARRICK PD AUSTRALIA or generate 0.0% return on investment in BARRICK over 720 days. BARRICK is related to or competes with ANTA Sports, BRP, Thai Beverage, Playtech Plc, Fevertree Drinks, Emerson Radio, and Willamette Valley. Barrick Australia Pty Limited mines and explores gold in Australia More
BARRICK 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 BARRICK's bond 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 BARRICK PD AUSTRALIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.84 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.56 |
BARRICK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BARRICK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BARRICK's standard deviation. In reality, there are many statistical measures that can use BARRICK historical prices to predict the future BARRICK's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.2 |
BARRICK PD AUSTRALIA Backtested Returns
BARRICK PD AUSTRALIA secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. BARRICK PD AUSTRALIA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BARRICK's Coefficient Of Variation of (1,824), variance of 2.47, and Mean Deviation of 0.8626 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0802, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BARRICK are expected to decrease at a much lower rate. During the bear market, BARRICK is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
BARRICK PD AUSTRALIA has very weak reverse predictability. Overlapping area represents the amount of predictability between BARRICK time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 BARRICK PD AUSTRALIA price movement. The serial correlation of -0.08 indicates that barely 8.0% of current BARRICK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 6.17 |
BARRICK PD AUSTRALIA lagged returns against current returns
Autocorrelation, which is BARRICK bond'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 BARRICK's bond expected returns. We can calculate the autocorrelation of BARRICK returns to help us make a trade decision. For example, suppose you find that BARRICK has exhibited high autocorrelation historically, and you observe that the bond 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 |
BARRICK 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 BARRICK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BARRICK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BARRICK bond over time.
Current vs Lagged Prices |
| Timeline |
BARRICK Lagged Returns
When evaluating BARRICK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BARRICK bond have on its future price. BARRICK 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, BARRICK autocorrelation shows the relationship between BARRICK bond current value and its past values and can show if there is a momentum factor associated with investing in BARRICK PD AUSTRALIA.
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 BARRICK Bond
BARRICK financial ratios help investors to determine whether BARRICK Bond 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 BARRICK with respect to the benefits of owning BARRICK security.