Banyan Gold Corp Stock Technical Analysis
| BYN Stock | CAD 0.21 0.02 8.70% |
As of the 24th of November, Banyan Gold shows the Downside Deviation of 5.41, risk adjusted performance of 0.0677, and Mean Deviation of 2.91. Banyan Gold Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Banyan Gold Corp jensen alpha, as well as the relationship between the potential upside and skewness to decide if Banyan Gold Corp is priced correctly, providing market reflects its regular price of 0.21 per share.
Banyan Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Banyan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BanyanBanyan |
Banyan Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Banyan Gold Corp Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Banyan Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Banyan Gold Corp Trend Analysis
Use this graph to draw trend lines for Banyan Gold Corp. You can use it to identify possible trend reversals for Banyan Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Banyan Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Banyan Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Banyan Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.0006 , which means Banyan Gold Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Banyan Gold price change compared to its average price change.About Banyan Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Banyan Gold Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Banyan Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Banyan Gold Corp price pattern first instead of the macroeconomic environment surrounding Banyan Gold Corp. By analyzing Banyan Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Banyan Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Banyan Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 2.49 | 1.76 | 1.58 | 1.12 | Capex To Depreciation | 3.54 | 0.1 | 0.12 | 0.11 |
Banyan Gold November 24, 2024 Technical Indicators
Most technical analysis of Banyan help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Banyan from various momentum indicators to cycle indicators. When you analyze Banyan charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0677 | |||
| Market Risk Adjusted Performance | (0.41) | |||
| Mean Deviation | 2.91 | |||
| Semi Deviation | 3.0 | |||
| Downside Deviation | 5.41 | |||
| Coefficient Of Variation | 1287.89 | |||
| Standard Deviation | 4.04 | |||
| Variance | 16.33 | |||
| Information Ratio | 0.0453 | |||
| Jensen Alpha | 0.3919 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | (0.42) | |||
| Maximum Drawdown | 18.33 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.88 | |||
| Downside Variance | 29.3 | |||
| Semi Variance | 9.03 | |||
| Expected Short fall | (5.65) | |||
| Skewness | 0.1708 | |||
| Kurtosis | (0.1) |
Additional Tools for Banyan Stock Analysis
When running Banyan Gold's price analysis, check to measure Banyan Gold'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 Banyan Gold is operating at the current time. Most of Banyan Gold's value examination focuses on studying past and present price action to predict the probability of Banyan Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banyan Gold's price. Additionally, you may evaluate how the addition of Banyan Gold to your portfolios can decrease your overall portfolio volatility.