Bluestone Resources Stock Market Value
| BSR Stock | CAD 0.31 0.01 3.33% |
| Symbol | Bluestone |
Bluestone Resources Price To Book Ratio
Bluestone 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 Bluestone Resources' 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 Bluestone Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Bluestone Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bluestone Resources or generate 0.0% return on investment in Bluestone Resources over 30 days. Bluestone Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Bluestone Resources Inc. operates as a mineral exploration and development company More
Bluestone 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 Bluestone Resources' 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 Bluestone Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.87 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.77 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.57 |
Bluestone Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluestone Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bluestone Resources' standard deviation. In reality, there are many statistical measures that can use Bluestone Resources historical prices to predict the future Bluestone Resources' volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.14) |
Bluestone Resources Backtested Returns
At this stage we consider Bluestone Stock to be out of control. Bluestone Resources secures Sharpe Ratio (or Efficiency) of 0.0343, which signifies that the company had a 0.0343% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bluestone Resources, which you can use to evaluate the volatility of the firm. Please confirm Bluestone Resources' Downside Deviation of 5.87, mean deviation of 3.22, and Risk Adjusted Performance of 0.0189 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Bluestone Resources has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bluestone Resources are expected to decrease at a much lower rate. During the bear market, Bluestone Resources is likely to outperform the market. Bluestone Resources right now shows a risk of 4.82%. Please confirm Bluestone Resources maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Bluestone Resources will be following its price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Bluestone Resources has good reverse predictability. Overlapping area represents the amount of predictability between Bluestone Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Bluestone Resources price movement. The serial correlation of -0.52 indicates that about 52.0% of current Bluestone Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bluestone Resources lagged returns against current returns
Autocorrelation, which is Bluestone Resources 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 Bluestone Resources' stock expected returns. We can calculate the autocorrelation of Bluestone Resources returns to help us make a trade decision. For example, suppose you find that Bluestone Resources 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 |
Bluestone 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 Bluestone Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bluestone Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bluestone Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Bluestone Resources Lagged Returns
When evaluating Bluestone Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bluestone Resources stock have on its future price. Bluestone 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, Bluestone Resources autocorrelation shows the relationship between Bluestone Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Bluestone Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bluestone Stock Analysis
When running Bluestone Resources' price analysis, check to measure Bluestone Resources' 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 Bluestone Resources is operating at the current time. Most of Bluestone Resources' value examination focuses on studying past and present price action to predict the probability of Bluestone Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluestone Resources' price. Additionally, you may evaluate how the addition of Bluestone Resources to your portfolios can decrease your overall portfolio volatility.