Barrick Gold Corp Stock Price on May 1, 2024
| ABX Stock | CAD 23.66 0.65 2.67% |
If you're considering investing in Barrick Stock, it is important to understand the factors that can impact its price. As of today, the current price of Barrick Gold stands at 23.66, as last reported on the 23rd of May, with the highest price reaching 24.19 and the lowest price hitting 23.58 during the day. Barrick Gold appears to be very steady, given 3 months investment horizon. Barrick Gold Corp secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Barrick Gold Corp, which you can use to evaluate the volatility of the firm. Please makes use of Barrick Gold's Mean Deviation of 1.3, downside deviation of 1.94, and Risk Adjusted Performance of 0.1054 to double-check if our risk estimates are consistent with your expectations.
Barrick Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Barrick |
Sharpe Ratio = 0.1717
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ABX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Barrick Gold is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Barrick Gold by adding it to a well-diversified portfolio.
Barrick Gold Valuation on May 1, 2024
It is possible to determine the worth of Barrick Gold on a given historical date. On May 1, 2024 Barrick was worth 23.1 at the beginning of the trading date compared to the closed value of 22.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Barrick Gold stock. Still, in general, we apply an absolute valuation method to find Barrick Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Barrick Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Barrick Gold's related companies.
| Open | High | Low | Close | Volume | |
| 23.20 | 23.47 | 22.85 | 22.88 | 3,096,903 | |
05/01/2024 | 23.10 | 23.16 | 22.34 | 22.52 | 4,028,624 |
| 22.25 | 22.81 | 22.18 | 22.66 | 2,814,603 |
| Backtest Barrick Gold | | | Barrick Gold History | | | Barrick Gold Valuation | Previous | Next |
Barrick Gold Trading Date Momentum on May 1, 2024
| On May 02 2024 Barrick Gold Corp was traded for 22.66 at the closing time. The maximum traded price for the trading interval was 22.81 and the lowest daily price was 22.18 . The daily volume was recorded at 2.8 M. The volume of trading on 2nd of May 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 0.62% . The overall trading delta to the closing price today is 2.35% . |
Barrick Gold Corp Fundamentals Correlations and Trends
By evaluating Barrick Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Barrick Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Barrick financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Barrick Gold Stock history
Barrick Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Barrick is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Barrick Gold Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Barrick Gold stock prices may prove useful in developing a viable investing in Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. BARRICK GOLD operates under Metals And Minerals Mining And Exploration classification in Canada and is traded on Toronto Stock Exchange.
Barrick Gold Stock Technical Analysis
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.
Price Boundaries
Barrick Gold Period Price Range
Low | May 1, 2024
| High |
23.10 | 22.52 |
Barrick Gold May 23, 2024 Market Strength
Market strength 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 undertsting and applying Barrick Gold stock market strength indicators, traders can identify Barrick Gold Corp entry and exit signals to maximize returns
Barrick Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Barrick Gold's price direction in advance. Along with the technical and fundamental analysis of Barrick Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Barrick to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.2279 | |||
| Total Risk Alpha | 0.0826 | |||
| Sortino Ratio | 0.1137 | |||
| Treynor Ratio | 0.3262 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |