Bushveld Minerals Limited Stock Market Value
| BSHVF Stock | USD 0.03 0.01 108.33% |
| Symbol | Bushveld |
Bushveld Minerals '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 Bushveld Minerals' 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 Bushveld Minerals.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Bushveld Minerals on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Bushveld Minerals Limited or generate 0.0% return on investment in Bushveld Minerals over 720 days. Bushveld Minerals is related to or competes with Azimut Exploration. Bushveld Minerals Limited operates as an integrated primary vanadium producer for the steel, energy, and chemical sector... More
Bushveld Minerals 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 Bushveld Minerals' 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 Bushveld Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.1 | |||
| Information Ratio | 0.1645 | |||
| Maximum Drawdown | 258.1 | |||
| Value At Risk | (48.00) | |||
| Potential Upside | 113.33 |
Bushveld Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bushveld Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bushveld Minerals' standard deviation. In reality, there are many statistical measures that can use Bushveld Minerals historical prices to predict the future Bushveld Minerals' volatility.| Risk Adjusted Performance | 0.1122 | |||
| Jensen Alpha | 7.51 | |||
| Total Risk Alpha | 1.89 | |||
| Sortino Ratio | 0.2076 | |||
| Treynor Ratio | 0.7406 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bushveld Minerals' 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.
Bushveld Minerals Backtested Returns
Bushveld Minerals is out of control given 3 months investment horizon. Bushveld Minerals secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 9.91% are justified by taking the suggested risk. Use Bushveld Minerals Downside Deviation of 40.1, mean deviation of 29.8, and Risk Adjusted Performance of 0.1122 to evaluate company specific risk that cannot be diversified away. Bushveld Minerals holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 11.35, 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, Bushveld Minerals will likely underperform. Use Bushveld Minerals treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on Bushveld Minerals.
Auto-correlation | 0.53 |
Modest predictability
Bushveld Minerals Limited has modest predictability. Overlapping area represents the amount of predictability between Bushveld Minerals time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 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 Bushveld Minerals price movement. The serial correlation of 0.53 indicates that about 53.0% of current Bushveld Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bushveld Minerals lagged returns against current returns
Autocorrelation, which is Bushveld Minerals 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 Bushveld Minerals' pink sheet expected returns. We can calculate the autocorrelation of Bushveld Minerals returns to help us make a trade decision. For example, suppose you find that Bushveld Minerals 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 |
Bushveld Minerals 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 Bushveld Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bushveld Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bushveld Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bushveld Minerals Lagged Returns
When evaluating Bushveld Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bushveld Minerals pink sheet have on its future price. Bushveld Minerals 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, Bushveld Minerals autocorrelation shows the relationship between Bushveld Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bushveld Minerals Limited.
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 Bushveld Minerals 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, Bushveld Minerals' short interest history, or implied volatility extrapolated from Bushveld Minerals options trading.
Pair Trading with Bushveld Minerals
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 Bushveld Minerals 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 Bushveld Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Bushveld Pink Sheet
| 0.48 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to Bushveld Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bushveld Minerals 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 Bushveld Minerals - 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 Bushveld Minerals Limited to buy it.
The correlation of Bushveld Minerals 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 Bushveld Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bushveld Minerals 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 Bushveld Minerals 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 Bushveld Minerals Correlation, Bushveld Minerals Volatility and Bushveld Minerals Alpha and Beta module to complement your research on Bushveld Minerals. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Bushveld Pink Sheet analysis
When running Bushveld Minerals' price analysis, check to measure Bushveld Minerals' 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 Bushveld Minerals is operating at the current time. Most of Bushveld Minerals' value examination focuses on studying past and present price action to predict the probability of Bushveld Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bushveld Minerals' price. Additionally, you may evaluate how the addition of Bushveld Minerals to your portfolios can decrease your overall portfolio volatility.
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Bushveld Minerals 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.