Bluestone Resources Stock Market Value
| BBSRF Stock | USD 0.22 0.01 4.35% |
| Symbol | Bluestone |
Bluestone Resources '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 Bluestone Resources' otc 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 Bluestone Resources.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Bluestone Resources on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Bluestone Resources or generate 0.0% return on investment in Bluestone Resources over 720 days. Bluestone Resources is related to or competes with Asante Gold, Angus Gold, and Radisson Mining. Bluestone Resources Inc. engages in the exploration and development of mineral properties More
Bluestone Resources 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 Bluestone Resources' otc 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 Bluestone Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.09 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 10.0 |
Bluestone Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluestone Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bluestone Resources' standard deviation. In reality, there are many statistical measures that can use Bluestone Resources historical prices to predict the future Bluestone Resources' volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.1431 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0323 | |||
| Treynor Ratio | 0.2039 |
Bluestone Resources Backtested Returns
At this point, Bluestone Resources is out of control. Bluestone Resources secures Sharpe Ratio (or Efficiency) of 0.0266, which signifies that the company had a 0.0266% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bluestone Resources, which you can use to evaluate the volatility of the firm. Please confirm Bluestone Resources' Mean Deviation of 3.75, risk adjusted performance of 0.0585, and Downside Deviation of 7.09 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Bluestone Resources has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.71, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bluestone Resources will likely underperform. Bluestone Resources right now shows a risk of 5.46%. Please confirm Bluestone Resources maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Bluestone Resources will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Bluestone Resources has average predictability. Overlapping area represents the amount of predictability between Bluestone Resources 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 Bluestone Resources price movement. The serial correlation of 0.49 indicates that about 49.0% of current Bluestone Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bluestone Resources lagged returns against current returns
Autocorrelation, which is Bluestone Resources otc 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 Bluestone Resources' otc stock expected returns. We can calculate the autocorrelation of Bluestone Resources returns to help us make a trade decision. For example, suppose you find that Bluestone Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Bluestone Resources 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 Bluestone Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bluestone Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bluestone Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bluestone Resources Lagged Returns
When evaluating Bluestone Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bluestone Resources otc stock have on its future price. Bluestone Resources 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, Bluestone Resources autocorrelation shows the relationship between Bluestone Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bluestone Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bluestone OTC Stock
Bluestone Resources financial ratios help investors to determine whether Bluestone OTC Stock 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 Bluestone with respect to the benefits of owning Bluestone Resources security.