Bunker Hill Mining Stock Market Value
| BHLL Stock | USD 0.1 0 1.01% |
| Symbol | Bunker |
Bunker Hill '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 Bunker Hill'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 Bunker Hill.
| 06/29/2023 |
| 04/24/2024 |
If you would invest 0.00 in Bunker Hill on June 29, 2023 and sell it all today you would earn a total of 0.00 from holding Bunker Hill Mining or generate 0.0% return on investment in Bunker Hill over 300 days. Bunker Hill is related to or competes with Adriatic Metals, Almonty Industries, and Amarc Resources. Bunker Hill Mining Corp., a mineral exploration company, engages in the acquisition, development, and mining of mineral ... More
Bunker Hill 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 Bunker Hill'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 Bunker Hill Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1113 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 8.11 |
Bunker Hill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bunker Hill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bunker Hill's standard deviation. In reality, there are many statistical measures that can use Bunker Hill historical prices to predict the future Bunker Hill's volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.5562 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1149 | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bunker Hill'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.
Bunker Hill Mining Backtested Returns
Bunker Hill appears to be out of control, given 3 months investment horizon. Bunker Hill Mining secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Bunker Hill's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Bunker Hill's Risk Adjusted Performance of 0.0946, downside deviation of 3.4, and Mean Deviation of 2.59 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bunker Hill holds a performance score of 11. The firm shows a Beta (market volatility) of -0.94, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Bunker Hill are expected to decrease slowly. On the other hand, during market turmoil, Bunker Hill is expected to outperform it slightly. Please check Bunker Hill's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Bunker Hill's price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Bunker Hill Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Bunker Hill time series from 29th of June 2023 to 26th of November 2023 and 26th of November 2023 to 24th 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 Bunker Hill Mining price movement. The serial correlation of -0.03 indicates that only 3.0% of current Bunker Hill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bunker Hill Mining lagged returns against current returns
Autocorrelation, which is Bunker Hill 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 Bunker Hill's otc stock expected returns. We can calculate the autocorrelation of Bunker Hill returns to help us make a trade decision. For example, suppose you find that Bunker Hill 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 |
Bunker Hill 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 Bunker Hill otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bunker Hill otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bunker Hill otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bunker Hill Lagged Returns
When evaluating Bunker Hill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bunker Hill otc stock have on its future price. Bunker Hill 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, Bunker Hill autocorrelation shows the relationship between Bunker Hill otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bunker Hill Mining.
Regressed Prices |
| Timeline |
Pair Trading with Bunker Hill
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 Bunker Hill 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 Bunker Hill will appreciate offsetting losses from the drop in the long position's value.Moving together with Bunker OTC Stock
| 0.9 | CHKEZ | Chesapeake Energy | PairCorr |
| 0.88 | CHKEL | Chesapeake Energy | PairCorr |
Moving against Bunker OTC Stock
| 0.89 | ASTSW | AST SpaceMobile | PairCorr |
| 0.8 | AAPL | Apple Inc Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Bunker Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bunker Hill 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 Bunker Hill - 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 Bunker Hill Mining to buy it.
The correlation of Bunker Hill 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 Bunker Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bunker Hill Mining 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 Bunker Hill 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 Bunker Hill Correlation, Bunker Hill Volatility and Bunker Hill Alpha and Beta module to complement your research on Bunker Hill. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Bunker OTC Stock analysis
When running Bunker Hill's price analysis, check to measure Bunker Hill'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 Bunker Hill is operating at the current time. Most of Bunker Hill's value examination focuses on studying past and present price action to predict the probability of Bunker Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bunker Hill's price. Additionally, you may evaluate how the addition of Bunker Hill to your portfolios can decrease your overall portfolio volatility.
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Bunker Hill technical otc 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, otc market cycles, or different charting patterns.