Bonterra Resources Stock Market Value
| BTR Stock | CAD 0.23 0.01 4.17% |
| Symbol | BonTerra |
BonTerra Resources Price To Book Ratio
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' 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 Galway Metals, Aurion Resources, Minaurum Gold, and Tristar Gold. Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of minera... 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' 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 | (0.13) | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 7.14 |
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 | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 1.02 |
BonTerra Resources Backtested Returns
BonTerra Resources secures Sharpe Ratio (or Efficiency) of -0.0962, which signifies that the company had a -0.0962% return per unit of risk over the last 3 months. BonTerra Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BonTerra Resources' Risk Adjusted Performance of (0.06), mean deviation of 2.77, and Standard Deviation of 3.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BonTerra Resources are expected to decrease at a much lower rate. During the bear market, BonTerra Resources is likely to outperform the market. At this point, BonTerra Resources has a negative expected return of -0.35%. Please make sure to confirm BonTerra Resources' maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if BonTerra Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
BonTerra Resources has below average 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 0.38 indicates that just about 38.0% of current BonTerra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BonTerra Resources lagged returns against current returns
Autocorrelation, which is BonTerra 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 BonTerra Resources' 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BonTerra Resources 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 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 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 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 |
Thematic Opportunities
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Additional Tools for BonTerra Stock Analysis
When running BonTerra Resources' price analysis, check to measure BonTerra 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 BonTerra Resources is operating at the current time. Most of BonTerra Resources' value examination focuses on studying past and present price action to predict the probability of BonTerra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BonTerra Resources' price. Additionally, you may evaluate how the addition of BonTerra Resources to your portfolios can decrease your overall portfolio volatility.