Barrick Gold Corp Stock Alpha and Beta Analysis
| GOLD Stock | USD 17.09 0.11 0.65% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Barrick Gold Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Barrick Gold over a specified time horizon. Remember, high Barrick Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Barrick Gold's market risk premium analysis include:
Beta (0.36) | Alpha (0.04) | Risk 1.88 | Sharpe Ratio 0.0745 | Expected Return 0.14 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Barrick |
Barrick Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Barrick Gold market risk premium is the additional return an investor will receive from holding Barrick Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Barrick Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Barrick Gold's performance over market.| α | -0.04 | β | -0.36 |
Barrick Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Barrick Gold's Buy-and-hold return. Our buy-and-hold chart shows how Barrick Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Barrick Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Barrick Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Barrick Gold shares will generate the highest return on investment. By understating and applying Barrick Gold stock market price indicators, traders can identify Barrick Gold position entry and exit signals to maximize returns.
Barrick Gold Return and Market Media
The median price of Barrick Gold for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 15.57 with a coefficient of variation of 6.78. The daily time series for the period is distributed with a sample standard deviation of 1.07, arithmetic mean of 15.73, and mean deviation of 0.81. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Barrick Gold dividend paid on 29th of February 2024 | 02/29/2024 |
| Barrick Gold dividend paid on 15th of March 2024 | 03/15/2024 |
1 | Gold continues to shine bright on strong demand, up 8 percent since November 2022 | 03/28/2024 |
2 | Gold hits all-time record high amid geopolitical tensions, higher US yields | 04/02/2024 |
3 | What does the Westgold-Karora merger mean for the Aussie gold sector | 04/10/2024 |
4 | Barrick Gold Exceeds Market Returns Some Facts to Consider | 04/11/2024 |
5 | Gold retreats from peak high amid US Dollar advance, geopolitical uncertainty | 04/12/2024 |
6 | Barrick under pressure in Mali as regime eyes control of mining complex - report | 04/15/2024 |
7 | Police have made arrests in Toronto heist of 24 gold bars and millions in cash | 04/16/2024 |
8 | You will never ever be free Gangster looking to restore his credibility gets life for shotgun murder of young father moving car to avoid parking ticket | 04/17/2024 |
About Barrick Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Barrick or other stocks. Alpha measures the amount that position in Barrick Gold Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0188 | 0.0376 | 0.0223 | 0.0234 | Price To Sales Ratio | 2.82 | 2.76 | 2.75 | 4.72 |
Barrick Gold Upcoming Company Events
As portrayed in its financial statements, the presentation of Barrick Gold's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Barrick Gold's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Barrick Gold's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Barrick Gold. Please utilize our Beneish M Score to check the likelihood of Barrick Gold's management manipulating its earnings.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Barrick Gold
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Barrick Gold Backtesting, Barrick Gold Valuation, Barrick Gold Correlation, Barrick Gold Hype Analysis, Barrick Gold Volatility, Barrick Gold History and analyze Barrick Gold Performance. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.