Blue Thunder Mining Stock Market Value
| BLUE Stock | CAD 0.04 0.01 10.00% |
| Symbol | Blue |
Blue Thunder Mining Price To Book Ratio
Blue Thunder '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 Blue Thunder'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 Blue Thunder.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Blue Thunder on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Blue Thunder Mining or generate 0.0% return on investment in Blue Thunder over 360 days. Blue Thunder is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Blue Thunder Mining Inc., a mineral exploration company, focuses on identification, evaluation, acquisition, and explora... More
Blue Thunder 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 Blue Thunder'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 Blue Thunder Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 36.11 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 12.5 |
Blue Thunder Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Thunder's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Thunder's standard deviation. In reality, there are many statistical measures that can use Blue Thunder historical prices to predict the future Blue Thunder's volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blue Thunder's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Blue Thunder Mining Backtested Returns
Blue Thunder Mining secures Sharpe Ratio (or Efficiency) of -0.008, which signifies that the company had a -0.008% return per unit of risk over the last 3 months. Blue Thunder Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blue Thunder's Risk Adjusted Performance of 0.0029, standard deviation of 7.2, and Mean Deviation of 4.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blue Thunder's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blue Thunder is expected to be smaller as well. At this point, Blue Thunder Mining has a negative expected return of -0.0584%. Please make sure to confirm Blue Thunder's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Blue Thunder Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Blue Thunder Mining has insignificant predictability. Overlapping area represents the amount of predictability between Blue Thunder time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Blue Thunder Mining price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Blue Thunder price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blue Thunder Mining lagged returns against current returns
Autocorrelation, which is Blue Thunder 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 Blue Thunder's stock expected returns. We can calculate the autocorrelation of Blue Thunder returns to help us make a trade decision. For example, suppose you find that Blue Thunder 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 |
Blue Thunder 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 Blue Thunder stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Thunder stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Thunder stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Thunder Lagged Returns
When evaluating Blue Thunder's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Thunder stock have on its future price. Blue Thunder 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, Blue Thunder autocorrelation shows the relationship between Blue Thunder stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Thunder Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Blue Stock Analysis
When running Blue Thunder's price analysis, check to measure Blue Thunder'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 Blue Thunder is operating at the current time. Most of Blue Thunder's value examination focuses on studying past and present price action to predict the probability of Blue Thunder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Thunder's price. Additionally, you may evaluate how the addition of Blue Thunder to your portfolios can decrease your overall portfolio volatility.