Altius Minerals Stock Price on December 15, 2023
| ALS Stock | CAD 27.01 0.12 0.44% |
If you're considering investing in Altius Stock, it is important to understand the factors that can impact its price. As of today, the current price of Altius Minerals stands at 27.01, as last reported on the 1st of February, with the highest price reaching 27.89 and the lowest price hitting 26.91 during the day. As of now, Altius Stock is very steady. Altius Minerals secures Sharpe Ratio (or Efficiency) of 0.024, which signifies that the company had a 0.024 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altius Minerals, which you can use to evaluate the volatility of the firm. Please confirm Altius Minerals' Downside Deviation of 1.88, mean deviation of 1.38, and Risk Adjusted Performance of 0.0256 to double-check if the risk estimate we provide is consistent with the expected return of 0.0449%.
Altius Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Altius |
Sharpe Ratio = 0.024
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| Negative Returns | ALS |
Estimated Market Risk
| 1.87 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Altius Minerals is performing at about 1% 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 Altius Minerals by adding it to a well-diversified portfolio.
Altius Minerals Main Headline on 15th of December 2023
Altius Minerals dividend paid on 15th of December 2023 |
Altius Minerals Valuation on December 15, 2023
It is possible to determine the worth of Altius Minerals on a given historical date. On December 15, 2023 Altius was worth 18.4 at the beginning of the trading date compared to the closed value of 18.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altius Minerals stock. Still, in general, we apply an absolute valuation method to find Altius Minerals' 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 Altius Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altius Minerals' related companies.
| Open | High | Low | Close | Volume | |
| 18.51 | 18.72 | 18.30 | 18.40 | 99,200 | |
12/15/2023 | 18.40 | 18.68 | 18.32 | 18.51 | 76,317 |
| 18.61 | 18.61 | 18.26 | 18.28 | 41,720 |
| Backtest Altius Minerals | | | Altius Minerals History | | | Altius Minerals Valuation | Previous | Next |
Altius Minerals Trading Date Momentum on December 15, 2023
| On December 18 2023 Altius Minerals was traded for 18.28 at the closing time. The maximum traded price for the trading interval was 18.61 and the lowest daily price was 18.26 . The daily volume was recorded at 41.7 K. The volume of trading on 18th of December 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.24% . The overall trading delta to the closing price today is 0.49% . |
Altius Minerals Fundamentals Correlations and Trends
By evaluating Altius Minerals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Altius Minerals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altius financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altius Minerals Stock history
Altius Minerals 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 Altius is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altius Minerals 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 Altius Minerals stock prices may prove useful in developing a viable investing in Altius Minerals
Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. Altius Minerals Corporation was incorporated in 1997 and is headquartered in St. ALTIUS MINERALS operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange.
Altius Minerals Stock Technical Analysis
Altius Minerals 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
Altius Minerals Period Price Range
Low | February 1, 2025
| High |
0.00 | 0.00 |
Altius Minerals cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Altius Minerals February 1, 2025 Market Strength
Market strength indicators help investors to evaluate how Altius Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altius Minerals shares will generate the highest return on investment. By undertsting and applying Altius Minerals stock market strength indicators, traders can identify Altius Minerals entry and exit signals to maximize returns
Altius Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altius Minerals' price direction in advance. Along with the technical and fundamental analysis of Altius Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altius 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 | 0.0256 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2322 |
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Other Information on Investing in Altius Stock
Altius Minerals financial ratios help investors to determine whether Altius Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altius with respect to the benefits of owning Altius Minerals security.