Brookmount Explorations Stock Market Value
| BMXI Stock | USD 0.04 0 8.33% |
| Symbol | Brookmount |
Brookmount Explorations '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 Brookmount Explorations' 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 Brookmount Explorations.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Brookmount Explorations on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Brookmount Explorations or generate 0.0% return on investment in Brookmount Explorations over 720 days. Brookmount Explorations is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Radisson Mining, Predictive Discovery, Fortuna Silver, and Sandstorm Gold. Brookmount Explorations Inc. operates gold properties in the Republic of Indonesia More
Brookmount Explorations 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 Brookmount Explorations' 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 Brookmount Explorations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 75.51 | |||
| Value At Risk | (11.94) | |||
| Potential Upside | 12.12 |
Brookmount Explorations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookmount Explorations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookmount Explorations' standard deviation. In reality, there are many statistical measures that can use Brookmount Explorations historical prices to predict the future Brookmount Explorations' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | 0.1749 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brookmount Explorations' 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.
Brookmount Explorations Backtested Returns
Brookmount Explorations secures Sharpe Ratio (or Efficiency) of -0.0083, which signifies that the company had a -0.0083% return per unit of risk over the last 3 months. Brookmount Explorations exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brookmount Explorations' Standard Deviation of 10.65, insignificant risk adjusted performance, and Mean Deviation of 6.94 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.07, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Brookmount Explorations are expected to decrease slowly. On the other hand, during market turmoil, Brookmount Explorations is expected to outperform it slightly. At this point, Brookmount Explorations has a negative expected return of -0.0888%. Please make sure to confirm Brookmount Explorations' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Brookmount Explorations performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Brookmount Explorations has insignificant reverse predictability. Overlapping area represents the amount of predictability between Brookmount Explorations time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Brookmount Explorations price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Brookmount Explorations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brookmount Explorations lagged returns against current returns
Autocorrelation, which is Brookmount Explorations 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 Brookmount Explorations' pink sheet expected returns. We can calculate the autocorrelation of Brookmount Explorations returns to help us make a trade decision. For example, suppose you find that Brookmount Explorations 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 |
Brookmount Explorations 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 Brookmount Explorations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookmount Explorations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookmount Explorations pink sheet over time.
Current vs Lagged Prices |
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Brookmount Explorations Lagged Returns
When evaluating Brookmount Explorations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookmount Explorations pink sheet have on its future price. Brookmount Explorations 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, Brookmount Explorations autocorrelation shows the relationship between Brookmount Explorations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brookmount Explorations.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Brookmount Pink Sheet
Brookmount Explorations financial ratios help investors to determine whether Brookmount 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 Brookmount with respect to the benefits of owning Brookmount Explorations security.