Black Iron Stock Market Value
| BKIRF Stock | USD 0.04 0 2.94% |
| Symbol | Black |
Black Iron '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 Black Iron's 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 Black Iron.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Black Iron on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Black Iron or generate 0.0% return on investment in Black Iron over 30 days. Black Iron is related to or competes with Adriatic Metals, and Amarc Resources. Black Iron Inc. operates as an iron ore exploration and development company More
Black Iron 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 Black Iron's 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 Black Iron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 51.51 | |||
| Value At Risk | (14.63) | |||
| Potential Upside | 13.16 |
Black Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Iron's standard deviation. In reality, there are many statistical measures that can use Black Iron historical prices to predict the future Black Iron's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 0.1179 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Black Iron'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.
Black Iron Backtested Returns
Black Iron secures Sharpe Ratio (or Efficiency) of -0.0274, which signifies that the company had a -0.0274% return per unit of standard deviation over the last 3 months. Black Iron exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Black Iron's risk adjusted performance of (0), and Mean Deviation of 2.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.34, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Black Iron are expected to decrease by larger amounts. On the other hand, during market turmoil, Black Iron is expected to outperform it. Black Iron has an expected return of -0.19%. Please make sure to confirm Black Iron standard deviation and the relationship between the treynor ratio and day typical price , to decide if Black Iron performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Black Iron has good reverse predictability. Overlapping area represents the amount of predictability between Black Iron time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Black Iron price movement. The serial correlation of -0.53 indicates that about 53.0% of current Black Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Black Iron lagged returns against current returns
Autocorrelation, which is Black Iron 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 Black Iron's pink sheet expected returns. We can calculate the autocorrelation of Black Iron returns to help us make a trade decision. For example, suppose you find that Black Iron 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 |
Black Iron 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 Black Iron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Iron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Iron pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Black Iron Lagged Returns
When evaluating Black Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Iron pink sheet have on its future price. Black Iron 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, Black Iron autocorrelation shows the relationship between Black Iron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Black Iron.
Regressed Prices |
| Timeline |
Pair Trading with Black Iron
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 Black Iron 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 Black Iron will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Black Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Iron 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 Black Iron - 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 Black Iron to buy it.
The correlation of Black Iron 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 Black Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Iron 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 Black Iron 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 Black Iron Correlation, Black Iron Volatility and Black Iron Alpha and Beta module to complement your research on Black Iron. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Black Pink Sheet analysis
When running Black Iron's price analysis, check to measure Black Iron'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 Black Iron is operating at the current time. Most of Black Iron's value examination focuses on studying past and present price action to predict the probability of Black Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Iron's price. Additionally, you may evaluate how the addition of Black Iron to your portfolios can decrease your overall portfolio volatility.
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Black Iron 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.