Blue Star Gold Stock Market Value
| BAU Stock | CAD 0.06 0.01 8.33% |
| Symbol | Blue |
Blue Star Gold Price To Book Ratio
Blue Star '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 Star'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 Star.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Blue Star on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Blue Star Gold or generate 0.0% return on investment in Blue Star over 720 days. Blue Star is related to or competes with Highway 50, and Quartz Mountain. Blue Star Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral ... More
Blue Star 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 Star'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 Star Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 40.4 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 11.11 |
Blue Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Star's standard deviation. In reality, there are many statistical measures that can use Blue Star historical prices to predict the future Blue Star's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | (0.60) |
Blue Star Gold Backtested Returns
Blue Star Gold secures Sharpe Ratio (or Efficiency) of -0.0738, which signifies that the company had a -0.0738% return per unit of risk over the last 3 months. Blue Star Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blue Star's Mean Deviation of 5.12, standard deviation of 8.1, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Blue Star returns are very sensitive to returns on the market. As the market goes up or down, Blue Star is expected to follow. At this point, Blue Star Gold has a negative expected return of -0.62%. Please make sure to confirm Blue Star's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Blue Star Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Blue Star Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Blue Star time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Star Gold price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Blue Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Blue Star Gold lagged returns against current returns
Autocorrelation, which is Blue Star 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 Star's stock expected returns. We can calculate the autocorrelation of Blue Star returns to help us make a trade decision. For example, suppose you find that Blue Star 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 Star 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 Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Star stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Star Lagged Returns
When evaluating Blue Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Star stock have on its future price. Blue Star 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 Star autocorrelation shows the relationship between Blue Star stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Star Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Blue Stock Analysis
When running Blue Star's price analysis, check to measure Blue Star'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 Star is operating at the current time. Most of Blue Star's value examination focuses on studying past and present price action to predict the probability of Blue Star'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 Star's price. Additionally, you may evaluate how the addition of Blue Star to your portfolios can decrease your overall portfolio volatility.