Bellevue Gold Limited Stock Market Value
| BELGF Stock | USD 0.80 0.05 5.88% |
| Symbol | Bellevue |
Bellevue Gold '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 Bellevue Gold's pink sheet 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 Bellevue Gold.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Bellevue Gold on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bellevue Gold Limited or generate 0.0% return on investment in Bellevue Gold over 180 days. Bellevue Gold is related to or competes with Tudor Gold, Caledonia Mining, Tanzanian Royalty, Cerrado Gold, Norsemont Mining, International Tower, and Gold Resource. Bellevue Gold Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in A... More
Bellevue Gold 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 Bellevue Gold's pink sheet 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 Bellevue Gold Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.71 |
Bellevue Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bellevue Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bellevue Gold's standard deviation. In reality, there are many statistical measures that can use Bellevue Gold historical prices to predict the future Bellevue Gold's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.11) |
Bellevue Gold Limited Backtested Returns
Bellevue Gold Limited secures Sharpe Ratio (or Efficiency) of -0.0179, which signifies that the company had a -0.0179% return per unit of risk over the last 3 months. Bellevue Gold Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bellevue Gold's Mean Deviation of 1.27, risk adjusted performance of (0.01), and Standard Deviation of 3.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bellevue Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bellevue Gold is expected to be smaller as well. At this point, Bellevue Gold Limited has a negative expected return of -0.059%. Please make sure to confirm Bellevue Gold's total risk alpha, daily balance of power, relative strength index, as well as the relationship between the potential upside and day typical price , to decide if Bellevue Gold Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Bellevue Gold Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bellevue Gold time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Bellevue Gold Limited price movement. The serial correlation of -0.17 indicates that over 17.0% of current Bellevue Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bellevue Gold Limited lagged returns against current returns
Autocorrelation, which is Bellevue Gold pink sheet'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 Bellevue Gold's pink sheet expected returns. We can calculate the autocorrelation of Bellevue Gold returns to help us make a trade decision. For example, suppose you find that Bellevue Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bellevue Gold 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 Bellevue Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bellevue Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bellevue Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bellevue Gold Lagged Returns
When evaluating Bellevue Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bellevue Gold pink sheet have on its future price. Bellevue Gold 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, Bellevue Gold autocorrelation shows the relationship between Bellevue Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bellevue Gold Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bellevue Pink Sheet
Bellevue Gold financial ratios help investors to determine whether Bellevue Pink Sheet 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 Bellevue with respect to the benefits of owning Bellevue Gold security.