Black Iron Stock Market Value
| BKIRF Stock | USD 0.06 0 1.61% |
| Symbol | Black |
Black Iron '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 Black Iron'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 Black Iron.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Black Iron on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Black Iron or generate 0.0% return on investment in Black Iron over 720 days. Black Iron is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Black Iron Inc. operates as an iron ore exploration and development company More
Black Iron 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 Black Iron'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 Black Iron upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.18 | |||
| Information Ratio | 0.1059 | |||
| Maximum Drawdown | 116.67 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 12.5 |
Black Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Iron's standard deviation. In reality, there are many statistical measures that can use Black Iron historical prices to predict the future Black Iron's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | 0.5606 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.1766 | |||
| Treynor Ratio | 0.1849 |
Black Iron Backtested Returns
Black Iron is out of control given 3 months investment horizon. Black Iron secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Black Iron mean deviation of 5.62, and Risk Adjusted Performance of 0.0976 to evaluate company specific risk that cannot be diversified away. Black Iron holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 8.46, 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, Black Iron will likely underperform. Use Black Iron value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to analyze future returns on Black Iron.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Black Iron has insignificant reverse predictability. Overlapping area represents the amount of predictability between Black Iron time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Black Iron price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Black Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Iron lagged returns against current returns
Autocorrelation, which is Black Iron 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 Black Iron's pink sheet expected returns. We can calculate the autocorrelation of Black Iron returns to help us make a trade decision. For example, suppose you find that Black Iron 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 |
Black Iron 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 Black Iron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Iron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Iron pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Black Iron Lagged Returns
When evaluating Black Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Iron pink sheet have on its future price. Black Iron 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, Black Iron autocorrelation shows the relationship between Black Iron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Black Iron.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Black Pink Sheet
Black Iron financial ratios help investors to determine whether Black 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 Black with respect to the benefits of owning Black Iron security.