Banyan Gold Corp Stock Market Value
| BYAGF Stock | USD 0.16 0.01 6.67% |
| Symbol | Banyan |
Banyan Gold '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 Banyan Gold's otc 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 Banyan Gold.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Banyan Gold on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Banyan Gold Corp or generate 0.0% return on investment in Banyan Gold over 210 days. Banyan Gold is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. Banyan Gold Corp. engages in the exploration and development of precious metals More
Banyan Gold 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 Banyan Gold's otc 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 Banyan Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.22 | |||
| Information Ratio | 0.0604 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.69 |
Banyan Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banyan Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banyan Gold's standard deviation. In reality, there are many statistical measures that can use Banyan Gold historical prices to predict the future Banyan Gold's volatility.| Risk Adjusted Performance | 0.0766 | |||
| Jensen Alpha | 0.5204 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | (0.51) |
Banyan Gold Corp Backtested Returns
Banyan Gold appears to be out of control, given 3 months investment horizon. Banyan Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0922, which signifies that the company had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Banyan Gold Corp, which you can use to evaluate the volatility of the firm. Please makes use of Banyan Gold's Risk Adjusted Performance of 0.0766, downside deviation of 7.22, and Mean Deviation of 3.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Banyan Gold holds a performance score of 7. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Banyan Gold are expected to decrease at a much lower rate. During the bear market, Banyan Gold is likely to outperform the market. Please check Banyan Gold's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Banyan Gold's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Banyan Gold Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Banyan Gold time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Banyan Gold Corp price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Banyan Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Banyan Gold Corp lagged returns against current returns
Autocorrelation, which is Banyan Gold otc 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 Banyan Gold's otc stock expected returns. We can calculate the autocorrelation of Banyan Gold returns to help us make a trade decision. For example, suppose you find that Banyan Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Banyan Gold 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 Banyan Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banyan Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banyan Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Banyan Gold Lagged Returns
When evaluating Banyan Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banyan Gold otc stock have on its future price. Banyan Gold 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, Banyan Gold autocorrelation shows the relationship between Banyan Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Banyan Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Banyan OTC Stock
Banyan Gold financial ratios help investors to determine whether Banyan OTC 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 Banyan with respect to the benefits of owning Banyan Gold security.