Baselode Energy Corp Stock Market Value
| FIND Stock | CAD 0.10 0.01 9.09% |
| Symbol | Baselode |
Baselode Energy '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 Baselode Energy'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 Baselode Energy.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Baselode Energy on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Baselode Energy Corp or generate 0.0% return on investment in Baselode Energy over 180 days. Baselode Energy is related to or competes with Canadian Natural, Suncor Energy, IShares Canadian, Altagas Cum, European Residential, Financial, and Rubicon Organics. Baselode Energy Corp. engages in the acquisition and exploration of mineral properties in Canada More
Baselode Energy 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 Baselode Energy'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 Baselode Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Baselode Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baselode Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baselode Energy's standard deviation. In reality, there are many statistical measures that can use Baselode Energy historical prices to predict the future Baselode Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (1.57) | |||
| Treynor Ratio | 0.4175 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baselode Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baselode Energy Corp Backtested Returns
Baselode Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0429, which signifies that the company had a -0.0429% return per unit of risk over the last 3 months. Baselode Energy Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baselode Energy's Standard Deviation of 6.9, mean deviation of 4.57, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.16, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Baselode Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Baselode Energy is expected to outperform it. At this point, Baselode Energy Corp has a negative expected return of -0.3%. Please make sure to confirm Baselode Energy's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Baselode Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Baselode Energy Corp has average predictability. Overlapping area represents the amount of predictability between Baselode Energy time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 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 Baselode Energy Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Baselode Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baselode Energy Corp lagged returns against current returns
Autocorrelation, which is Baselode Energy 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 Baselode Energy's stock expected returns. We can calculate the autocorrelation of Baselode Energy returns to help us make a trade decision. For example, suppose you find that Baselode Energy 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 |
Baselode Energy 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 Baselode Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baselode Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baselode Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Baselode Energy Lagged Returns
When evaluating Baselode Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baselode Energy stock have on its future price. Baselode Energy 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, Baselode Energy autocorrelation shows the relationship between Baselode Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Baselode Energy Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Baselode Stock Analysis
When running Baselode Energy's price analysis, check to measure Baselode Energy'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 Baselode Energy is operating at the current time. Most of Baselode Energy's value examination focuses on studying past and present price action to predict the probability of Baselode Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baselode Energy's price. Additionally, you may evaluate how the addition of Baselode Energy to your portfolios can decrease your overall portfolio volatility.