Black Widow Resources Stock Market Value
| BWR Stock | CAD 0.01 0.01 33.33% |
| Symbol | Black |
Black Widow '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 Black Widow'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 Black Widow.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Black Widow on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Black Widow Resources or generate 0.0% return on investment in Black Widow over 720 days. Black Widow is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. BWR Exploration Inc. engages in the acquisition, exploration, and evaluation of precious and base metal properties in Ca... More
Black Widow 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 Black Widow'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 Black Widow Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0274 | |||
| Maximum Drawdown | 75.0 |
Black Widow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Widow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Widow's standard deviation. In reality, there are many statistical measures that can use Black Widow historical prices to predict the future Black Widow's volatility.| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.4583 | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.50) |
Black Widow Resources Backtested Returns
Black Widow appears to be out of control, given 3 months investment horizon. Black Widow Resources secures Sharpe Ratio (or Efficiency) of 0.0428, which signifies that the company had a 0.0428% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Black Widow Resources, which you can use to evaluate the volatility of the firm. Please makes use of Black Widow's mean deviation of 2.5, and Risk Adjusted Performance of 0.0411 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Black Widow holds a performance score of 3. The firm shows a Beta (market volatility) of -0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Black Widow are expected to decrease at a much lower rate. During the bear market, Black Widow is likely to outperform the market. Please check Black Widow's standard deviation and the relationship between the total risk alpha and price action indicator , to make a quick decision on whether Black Widow's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Black Widow Resources has below average predictability. Overlapping area represents the amount of predictability between Black Widow time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Black Widow Resources price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Black Widow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Widow Resources lagged returns against current returns
Autocorrelation, which is Black Widow 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 Black Widow's stock expected returns. We can calculate the autocorrelation of Black Widow returns to help us make a trade decision. For example, suppose you find that Black Widow 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 |
Black Widow 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 Black Widow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Widow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Widow stock over time.
Current vs Lagged Prices |
| Timeline |
Black Widow Lagged Returns
When evaluating Black Widow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Widow stock have on its future price. Black Widow 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, Black Widow autocorrelation shows the relationship between Black Widow stock current value and its past values and can show if there is a momentum factor associated with investing in Black Widow Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Black Stock Analysis
When running Black Widow's price analysis, check to measure Black Widow's 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 Black Widow is operating at the current time. Most of Black Widow's value examination focuses on studying past and present price action to predict the probability of Black Widow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Widow's price. Additionally, you may evaluate how the addition of Black Widow to your portfolios can decrease your overall portfolio volatility.