Belo Sun Mining Stock Market Value
| BSX Stock | CAD 0.04 0.01 10.00% |
| Symbol | Belo |
Belo Sun Mining Price To Book Ratio
Belo Sun '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 Belo Sun'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 Belo Sun.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Belo Sun on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Belo Sun Mining or generate 0.0% return on investment in Belo Sun over 90 days. Belo Sun is related to or competes with Torex Gold, GoldQuest Mining, Erdene Resource, and Canagold Resources. Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil More
Belo Sun 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 Belo Sun'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 Belo Sun Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.22 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 38.89 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.29 |
Belo Sun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Belo Sun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Belo Sun's standard deviation. In reality, there are many statistical measures that can use Belo Sun historical prices to predict the future Belo Sun's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.5568 | |||
| Total Risk Alpha | (1.10) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | (0.26) |
Belo Sun Mining Backtested Returns
Belo Sun appears to be out of control, given 3 months investment horizon. Belo Sun Mining secures Sharpe Ratio (or Efficiency) of 0.0643, which signifies that the company had a 0.0643% return per unit of risk over the last 3 months. By analyzing Belo Sun's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Belo Sun's Downside Deviation of 13.22, risk adjusted performance of 0.0424, and Mean Deviation of 5.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Belo Sun holds a performance score of 5. The firm shows a Beta (market volatility) of -1.43, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Belo Sun are expected to decrease by larger amounts. On the other hand, during market turmoil, Belo Sun is expected to outperform it. Please check Belo Sun's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Belo Sun's price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
Belo Sun Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Belo Sun time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Belo Sun Mining price movement. The serial correlation of -0.49 indicates that about 49.0% of current Belo Sun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Belo Sun Mining lagged returns against current returns
Autocorrelation, which is Belo Sun 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 Belo Sun's stock expected returns. We can calculate the autocorrelation of Belo Sun returns to help us make a trade decision. For example, suppose you find that Belo Sun 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 |
Belo Sun 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 Belo Sun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Belo Sun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Belo Sun stock over time.
Current vs Lagged Prices |
| Timeline |
Belo Sun Lagged Returns
When evaluating Belo Sun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Belo Sun stock have on its future price. Belo Sun 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, Belo Sun autocorrelation shows the relationship between Belo Sun stock current value and its past values and can show if there is a momentum factor associated with investing in Belo Sun Mining.
Regressed Prices |
| Timeline |
Pair Trading with Belo Sun
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Belo Sun position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Belo Sun will appreciate offsetting losses from the drop in the long position's value.Moving together with Belo Stock
| 0.71 | AG | First Majestic Silver | PairCorr |
| 0.82 | IE | Ivanhoe Energy | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
Moving against Belo Stock
The ability to find closely correlated positions to Belo Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belo Sun when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Belo Sun - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Belo Sun Mining to buy it.
The correlation of Belo Sun is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Belo Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belo Sun Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Belo Sun can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Belo Stock
Belo Sun financial ratios help investors to determine whether Belo 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 Belo with respect to the benefits of owning Belo Sun security.