Brightrock Gold Corp Stock Market Value
| BRGC Stock | USD 0.09 0.01 10.29% |
| Symbol | Brightrock |
Brightrock 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 Brightrock Gold'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 Brightrock Gold.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Brightrock Gold on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Brightrock Gold Corp or generate 0.0% return on investment in Brightrock Gold over 30 days. Brightrock Gold is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. BrightRock Gold Corp. operates as a lithium exploration company More
Brightrock 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 Brightrock Gold'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 Brightrock Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 33.73 | |||
| Value At Risk | (13.83) | |||
| Potential Upside | 15.38 |
Brightrock Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brightrock Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brightrock Gold's standard deviation. In reality, there are many statistical measures that can use Brightrock Gold historical prices to predict the future Brightrock Gold's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (2.05) | |||
| Treynor Ratio | (0.71) |
Brightrock Gold Corp Backtested Returns
Brightrock Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0495, which signifies that the company had a -0.0495% return per unit of risk over the last 3 months. Brightrock Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brightrock Gold's Mean Deviation of 6.53, standard deviation of 8.61, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Brightrock Gold returns are very sensitive to returns on the market. As the market goes up or down, Brightrock Gold is expected to follow. At this point, Brightrock Gold Corp has a negative expected return of -0.42%. Please make sure to confirm Brightrock Gold's jensen alpha, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Brightrock Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Brightrock Gold Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Brightrock Gold 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 Brightrock Gold Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Brightrock Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brightrock Gold Corp lagged returns against current returns
Autocorrelation, which is Brightrock Gold 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 Brightrock Gold's pink sheet expected returns. We can calculate the autocorrelation of Brightrock Gold returns to help us make a trade decision. For example, suppose you find that Brightrock Gold 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 |
Brightrock 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 Brightrock Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brightrock Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brightrock Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Brightrock Gold Lagged Returns
When evaluating Brightrock Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brightrock Gold pink sheet have on its future price. Brightrock 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, Brightrock Gold autocorrelation shows the relationship between Brightrock Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brightrock Gold Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Brightrock Pink Sheet
Brightrock Gold financial ratios help investors to determine whether Brightrock 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 Brightrock with respect to the benefits of owning Brightrock Gold security.