B2gold Corp Stock Market Value
| BTO Stock | CAD 3.96 0.10 2.46% |
| Symbol | B2Gold |
B2Gold Corp Price To Book Ratio
B2Gold Corp '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 B2Gold Corp'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 B2Gold Corp.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in B2Gold Corp on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding B2Gold Corp or generate 0.0% return on investment in B2Gold Corp over 690 days. B2Gold Corp is related to or competes with First Majestic, and Ivanhoe Energy. B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia More
B2Gold Corp 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 B2Gold Corp'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 B2Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.88 |
B2Gold Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for B2Gold Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as B2Gold Corp's standard deviation. In reality, there are many statistical measures that can use B2Gold Corp historical prices to predict the future B2Gold Corp's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0778 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6725 |
B2Gold Corp Backtested Returns
As of now, B2Gold Stock is moderately volatile. B2Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0517, which signifies that the company had a 0.0517% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for B2Gold Corp, which you can use to evaluate the volatility of the entity. Please confirm B2Gold Corp's coefficient of variation of 2548.0, and Mean Deviation of 1.92 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. B2Gold Corp has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, B2Gold Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding B2Gold Corp is expected to be smaller as well. B2Gold Corp today shows a risk of 2.72%. Please confirm B2Gold Corp downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if B2Gold Corp will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
B2Gold Corp has modest reverse predictability. Overlapping area represents the amount of predictability between B2Gold Corp time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 B2Gold Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current B2Gold Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
B2Gold Corp lagged returns against current returns
Autocorrelation, which is B2Gold Corp 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 B2Gold Corp's stock expected returns. We can calculate the autocorrelation of B2Gold Corp returns to help us make a trade decision. For example, suppose you find that B2Gold Corp 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 |
B2Gold Corp 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 B2Gold Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if B2Gold Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in B2Gold Corp stock over time.
Current vs Lagged Prices |
| Timeline |
B2Gold Corp Lagged Returns
When evaluating B2Gold Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of B2Gold Corp stock have on its future price. B2Gold Corp 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, B2Gold Corp autocorrelation shows the relationship between B2Gold Corp stock current value and its past values and can show if there is a momentum factor associated with investing in B2Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with B2Gold Corp
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 B2Gold Corp 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 B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with B2Gold Stock
Moving against B2Gold Stock
The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp 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 B2Gold Corp - 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 B2Gold Corp to buy it.
The correlation of B2Gold Corp 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 B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold Corp 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 B2Gold Corp 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.Check out B2Gold Corp Correlation, B2Gold Corp Volatility and B2Gold Corp Alpha and Beta module to complement your research on B2Gold Corp. To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
B2Gold Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.