Barrick Gold Corp Stock Market Value
| GOLD Stock | USD 16.52 0.17 1.02% |
| Symbol | Barrick |
Barrick Gold Corp Price To Book Ratio
Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.538 | Dividend Share 0.4 | Earnings Share 0.72 | Revenue Per Share 6.494 | Quarterly Revenue Growth 0.103 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Barrick Gold '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 Barrick Gold's 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 Barrick Gold.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Barrick Gold on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Barrick Gold Corp or generate 0.0% return on investment in Barrick Gold over 30 days. Barrick Gold is related to or competes with Royal Gold, and SSR Mining. Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper propertie... More
Barrick Gold 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 Barrick Gold's 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 Barrick Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 2.82 |
Barrick Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barrick Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barrick Gold's standard deviation. In reality, there are many statistical measures that can use Barrick Gold historical prices to predict the future Barrick Gold's volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0179 | |||
| Treynor Ratio | 0.1017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barrick Gold'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.
Barrick Gold Corp Backtested Returns
We consider Barrick Gold very steady. Barrick Gold Corp secures Sharpe Ratio (or Efficiency) of 0.0677, which signifies that the company had a 0.0677% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Barrick Gold Corp, which you can use to evaluate the volatility of the firm. Please confirm Barrick Gold's Downside Deviation of 1.95, mean deviation of 1.49, and Risk Adjusted Performance of 0.0493 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Barrick Gold has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.18, 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, Barrick Gold will likely underperform. Barrick Gold Corp right now shows a risk of 1.91%. Please confirm Barrick Gold Corp expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Barrick Gold Corp will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Barrick Gold Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Barrick Gold 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 Barrick Gold Corp price movement. The serial correlation of -0.83 indicates that around 83.0% of current Barrick Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Barrick Gold Corp lagged returns against current returns
Autocorrelation, which is Barrick Gold 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 Barrick Gold's stock expected returns. We can calculate the autocorrelation of Barrick Gold returns to help us make a trade decision. For example, suppose you find that Barrick Gold has exhibited high autocorrelation historically, and you observe that the 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 |
Barrick Gold 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 Barrick Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barrick Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barrick Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Barrick Gold Lagged Returns
When evaluating Barrick Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barrick Gold stock have on its future price. Barrick Gold 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, Barrick Gold autocorrelation shows the relationship between Barrick Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Barrick Gold Corp.
Regressed Prices |
| Timeline |
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Complementary Tools for Barrick Stock analysis
When running Barrick Gold's price analysis, check to measure Barrick 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 Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick 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 Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
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Barrick 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.