Bellevue Gold (Australia) Market Value
| BGL Stock | 1.26 0.04 3.08% |
| 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 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 Bellevue Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bellevue Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bellevue Gold or generate 0.0% return on investment in Bellevue Gold over 30 days. Bellevue Gold is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Bellevue Gold is entity of Australia. It is traded as Stock on AU exchange. 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 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 Bellevue Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 4.88 |
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 | (0.05) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.3919 |
Bellevue Gold Backtested Returns
Currently, Bellevue Gold is dangerous. Bellevue Gold secures Sharpe Ratio (or Efficiency) of 0.0146, which signifies that the company had a 0.0146% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Bellevue Gold, which you can use to evaluate the volatility of the firm. Please confirm Bellevue Gold's Risk Adjusted Performance of (0.01), standard deviation of 2.97, and Mean Deviation of 2.23 to double-check if the risk estimate we provide is consistent with the expected return of 0.0429%. Bellevue Gold has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bellevue Gold are expected to decrease at a much lower rate. During the bear market, Bellevue Gold is likely to outperform the market. Bellevue Gold right now shows a risk of 2.94%. Please confirm Bellevue Gold jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Bellevue Gold will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Bellevue Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Bellevue Gold 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 Bellevue Gold price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Bellevue Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bellevue Gold lagged returns against current returns
Autocorrelation, which is Bellevue Gold 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 Bellevue Gold's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bellevue Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bellevue Gold stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Bellevue Gold.
Regressed Prices |
| Timeline |
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Additional Tools for Bellevue Stock Analysis
When running Bellevue Gold's price analysis, check to measure Bellevue Gold'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 Bellevue Gold is operating at the current time. Most of Bellevue Gold's value examination focuses on studying past and present price action to predict the probability of Bellevue Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bellevue Gold's price. Additionally, you may evaluate how the addition of Bellevue Gold to your portfolios can decrease your overall portfolio volatility.