Brixton Metals Stock Market Value
| BBB Stock | CAD 0.07 0.01 7.14% |
| Symbol | Brixton |
Brixton Metals Price To Book Ratio
Brixton Metals '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 Brixton Metals' 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 Brixton Metals.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Brixton Metals on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Brixton Metals or generate 0.0% return on investment in Brixton Metals over 30 days. Brixton Metals is related to or competes with Lion One. Brixton Metals Corporation, an exploration stage company, engages in the acquisition, exploration, development, and eval... More
Brixton Metals 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 Brixton Metals' 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 Brixton Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 22.53 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 5.88 |
Brixton Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brixton Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brixton Metals' standard deviation. In reality, there are many statistical measures that can use Brixton Metals historical prices to predict the future Brixton Metals' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 11.3 |
Brixton Metals Backtested Returns
Brixton Metals 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. Brixton Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brixton Metals' Standard Deviation of 4.73, mean deviation of 3.39, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0614, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brixton Metals are expected to decrease at a much lower rate. During the bear market, Brixton Metals is likely to outperform the market. At this point, Brixton Metals has a negative expected return of -0.58%. Please make sure to confirm Brixton Metals' information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Brixton Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Brixton Metals has modest predictability. Overlapping area represents the amount of predictability between Brixton Metals time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Brixton Metals price movement. The serial correlation of 0.55 indicates that about 55.0% of current Brixton Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brixton Metals lagged returns against current returns
Autocorrelation, which is Brixton Metals 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 Brixton Metals' stock expected returns. We can calculate the autocorrelation of Brixton Metals returns to help us make a trade decision. For example, suppose you find that Brixton Metals 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 |
Brixton Metals 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 Brixton Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brixton Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brixton Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Brixton Metals Lagged Returns
When evaluating Brixton Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brixton Metals stock have on its future price. Brixton Metals 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, Brixton Metals autocorrelation shows the relationship between Brixton Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Brixton Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Brixton Stock Analysis
When running Brixton Metals' price analysis, check to measure Brixton Metals' 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 Brixton Metals is operating at the current time. Most of Brixton Metals' value examination focuses on studying past and present price action to predict the probability of Brixton Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brixton Metals' price. Additionally, you may evaluate how the addition of Brixton Metals to your portfolios can decrease your overall portfolio volatility.