Beyond Minerals Stock Market Value
| BYDMF Stock | USD 0.03 0.0004 1.42% |
| Symbol | Beyond |
Beyond Minerals '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 Beyond Minerals' pink sheet 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 Beyond Minerals.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Beyond Minerals on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Beyond Minerals or generate 0.0% return on investment in Beyond Minerals over 540 days. Beyond Minerals is related to or competes with Liontown Resources, ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Beyond Minerals Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada More
Beyond Minerals 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 Beyond Minerals' pink sheet 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 Beyond Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.57 | |||
| Information Ratio | 0.0284 | |||
| Maximum Drawdown | 139.55 | |||
| Value At Risk | (19.18) | |||
| Potential Upside | 23.61 |
Beyond Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beyond Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beyond Minerals' standard deviation. In reality, there are many statistical measures that can use Beyond Minerals historical prices to predict the future Beyond Minerals' volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.6461 | |||
| Total Risk Alpha | (2.14) | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | (1.44) |
Beyond Minerals Backtested Returns
Beyond Minerals appears to be out of control, given 3 months investment horizon. Beyond Minerals secures Sharpe Ratio (or Efficiency) of 0.0275, which signifies that the company had a 0.0275% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Beyond Minerals, which you can use to evaluate the volatility of the firm. Please makes use of Beyond Minerals' Risk Adjusted Performance of 0.0377, mean deviation of 9.19, and Downside Deviation of 13.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beyond Minerals holds a performance score of 2. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beyond Minerals are expected to decrease at a much lower rate. During the bear market, Beyond Minerals is likely to outperform the market. Please check Beyond Minerals' potential upside and the relationship between the skewness and relative strength index , to make a quick decision on whether Beyond Minerals' price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Beyond Minerals has weak predictability. Overlapping area represents the amount of predictability between Beyond Minerals time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Beyond Minerals price movement. The serial correlation of 0.23 indicates that over 23.0% of current Beyond Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beyond Minerals lagged returns against current returns
Autocorrelation, which is Beyond Minerals pink sheet'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 Beyond Minerals' pink sheet expected returns. We can calculate the autocorrelation of Beyond Minerals returns to help us make a trade decision. For example, suppose you find that Beyond Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Beyond Minerals 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 Beyond Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beyond Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beyond Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Beyond Minerals Lagged Returns
When evaluating Beyond Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beyond Minerals pink sheet have on its future price. Beyond Minerals 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, Beyond Minerals autocorrelation shows the relationship between Beyond Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Beyond Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beyond Pink Sheet
Beyond Minerals financial ratios help investors to determine whether Beyond Pink Sheet 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 Beyond with respect to the benefits of owning Beyond Minerals security.