Bonterra Resources Stock Market Value
| BONXF Stock | USD 0.17 0.01 5.56% |
| Symbol | Bonterra |
Bonterra Resources '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 Bonterra Resources' otc 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 Bonterra Resources.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Bonterra Resources on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bonterra Resources or generate 0.0% return on investment in Bonterra Resources over 30 days. Bonterra Resources is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Bonterra Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation o... More
Bonterra Resources 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 Bonterra Resources' otc 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 Bonterra Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 5.88 |
Bonterra Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonterra Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonterra Resources' standard deviation. In reality, there are many statistical measures that can use Bonterra Resources historical prices to predict the future Bonterra Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (1.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bonterra Resources' 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.
Bonterra Resources Backtested Returns
Bonterra Resources secures Sharpe Ratio (or Efficiency) of -0.0618, which signifies that the company had a -0.0618% return per unit of risk over the last 3 months. Bonterra Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonterra Resources' Standard Deviation of 4.62, mean deviation of 3.04, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bonterra Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonterra Resources is expected to be smaller as well. At this point, Bonterra Resources has a negative expected return of -0.29%. Please make sure to confirm Bonterra Resources' potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Bonterra Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Bonterra Resources has insignificant predictability. Overlapping area represents the amount of predictability between Bonterra Resources time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Bonterra Resources price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Bonterra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bonterra Resources lagged returns against current returns
Autocorrelation, which is Bonterra Resources otc 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 Bonterra Resources' otc stock expected returns. We can calculate the autocorrelation of Bonterra Resources returns to help us make a trade decision. For example, suppose you find that Bonterra Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Bonterra Resources 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 Bonterra Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonterra Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonterra Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bonterra Resources Lagged Returns
When evaluating Bonterra Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonterra Resources otc stock have on its future price. Bonterra Resources 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, Bonterra Resources autocorrelation shows the relationship between Bonterra Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bonterra Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bonterra OTC Stock
Bonterra Resources financial ratios help investors to determine whether Bonterra OTC Stock 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 Bonterra with respect to the benefits of owning Bonterra Resources security.