Bitterroot Resources Stock Market Value
| BTT Stock | CAD 0.04 0.01 10.00% |
| Symbol | Bitterroot |
Bitterroot Resources Price To Book Ratio
Bitterroot 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 Bitterroot 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 Bitterroot Resources.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Bitterroot Resources on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Bitterroot Resources or generate 0.0% return on investment in Bitterroot Resources over 420 days. Bitterroot Resources Ltd., an exploration stage company, engages in the acquisition, development, exploration, and evalu... More
Bitterroot 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 Bitterroot 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 Bitterroot Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 53.33 | |||
| Potential Upside | 25.0 |
Bitterroot Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitterroot Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitterroot Resources' standard deviation. In reality, there are many statistical measures that can use Bitterroot Resources historical prices to predict the future Bitterroot Resources' volatility.| Risk Adjusted Performance | 0.0969 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.64) |
Bitterroot Resources Backtested Returns
Bitterroot Resources appears to be out of control, given 3 months investment horizon. Bitterroot Resources secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Bitterroot Resources' technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of Bitterroot Resources' Mean Deviation of 3.18, risk adjusted performance of 0.0969, and Standard Deviation of 7.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bitterroot Resources holds a performance score of 9. The firm shows a Beta (market volatility) of -1.37, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bitterroot Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Bitterroot Resources is expected to outperform it. Please check Bitterroot Resources' jensen alpha, kurtosis, as well as the relationship between the Kurtosis and day median price , to make a quick decision on whether Bitterroot Resources' price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Bitterroot Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Bitterroot Resources time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Bitterroot Resources price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Bitterroot Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitterroot Resources lagged returns against current returns
Autocorrelation, which is Bitterroot 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 Bitterroot Resources' stock expected returns. We can calculate the autocorrelation of Bitterroot Resources returns to help us make a trade decision. For example, suppose you find that Bitterroot 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 |
Bitterroot 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 Bitterroot Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitterroot Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitterroot Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Bitterroot Resources Lagged Returns
When evaluating Bitterroot Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitterroot Resources stock have on its future price. Bitterroot 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, Bitterroot Resources autocorrelation shows the relationship between Bitterroot Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Bitterroot Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bitterroot Stock Analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.