Bitterroot Resources Stock Market Value
| BITTF Stock | USD 0.01 0.0006 4.38% |
| Symbol | Bitterroot |
Bitterroot Resources '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 Bitterroot Resources' 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 Bitterroot Resources.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Bitterroot Resources on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bitterroot Resources or generate 0.0% return on investment in Bitterroot Resources over 90 days. Bitterroot Resources is related to or competes with Azimut Exploration. Bitterroot Resources Ltd., an exploration stage company, engages in the acquisition, development, exploration, and evalu... More
Bitterroot Resources 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 Bitterroot Resources' 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 Bitterroot Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 65.58 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 10.12 |
Bitterroot Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitterroot Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bitterroot Resources' standard deviation. In reality, there are many statistical measures that can use Bitterroot Resources historical prices to predict the future Bitterroot Resources' volatility.| Risk Adjusted Performance | 0.0052 | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bitterroot Resources' 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.
Bitterroot Resources Backtested Returns
Bitterroot Resources secures Sharpe Ratio (or Efficiency) of -0.0047, which signifies that the company had a -0.0047% return per unit of risk over the last 3 months. Bitterroot Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bitterroot Resources' Risk Adjusted Performance of 0.0052, standard deviation of 8.51, and Mean Deviation of 3.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitterroot Resources will likely underperform. Bitterroot Resources has an expected return of -0.041%. Please make sure to confirm Bitterroot Resources treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Bitterroot Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Bitterroot Resources has average predictability. Overlapping area represents the amount of predictability between Bitterroot Resources time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 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 Bitterroot Resources price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Bitterroot Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bitterroot Resources lagged returns against current returns
Autocorrelation, which is Bitterroot Resources 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 Bitterroot Resources' pink sheet expected returns. We can calculate the autocorrelation of Bitterroot Resources returns to help us make a trade decision. For example, suppose you find that Bitterroot Resources 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 |
Bitterroot Resources 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 Bitterroot Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bitterroot Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bitterroot Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bitterroot Resources Lagged Returns
When evaluating Bitterroot Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bitterroot Resources pink sheet have on its future price. Bitterroot Resources 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, Bitterroot Resources autocorrelation shows the relationship between Bitterroot Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bitterroot Resources.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bitterroot Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bitterroot Resources' short interest history, or implied volatility extrapolated from Bitterroot Resources options trading.
Pair Trading with Bitterroot Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitterroot Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitterroot Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Bitterroot Pink Sheet
| 0.67 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.61 | PUTKY | United Tractors Tbk | PairCorr |
| 0.52 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
| 0.44 | AAUKF | Anglo American plc | PairCorr |
The ability to find closely correlated positions to Bitterroot Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitterroot Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitterroot Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitterroot Resources to buy it.
The correlation of Bitterroot Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitterroot Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitterroot Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitterroot Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bitterroot Resources Correlation, Bitterroot Resources Volatility and Bitterroot Resources Alpha and Beta module to complement your research on Bitterroot Resources. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Bitterroot Pink Sheet analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot Resources' 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Bitterroot Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.