ANDRADA MINING (Germany) Market Value
| 9IA Stock | EUR 0.02 0.0005 2.08% |
| Symbol | ANDRADA |
ANDRADA MINING '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 ANDRADA MINING'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 ANDRADA MINING.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in ANDRADA MINING on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding ANDRADA MINING LTD or generate 0.0% return on investment in ANDRADA MINING over 720 days. ANDRADA MINING is related to or competes with NIPPON STEEL, BLUESCOPE STEEL, United States, RELIANCE STEEL, and Tianjin Capital. AfriTin Mining Limited, together with its subsidiaries, engages in the exploration and development of projects in Namibi... More
ANDRADA MINING 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 ANDRADA MINING'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 ANDRADA MINING LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 33.18 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.7 |
ANDRADA MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANDRADA MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANDRADA MINING's standard deviation. In reality, there are many statistical measures that can use ANDRADA MINING historical prices to predict the future ANDRADA MINING's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | (4.54) |
ANDRADA MINING LTD Backtested Returns
ANDRADA MINING LTD secures Sharpe Ratio (or Efficiency) of -0.0917, which signifies that the company had a -0.0917% return per unit of risk over the last 3 months. ANDRADA MINING LTD exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANDRADA MINING's Standard Deviation of 5.05, mean deviation of 3.49, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANDRADA MINING's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANDRADA MINING is expected to be smaller as well. At this point, ANDRADA MINING LTD has a negative expected return of -0.47%. Please make sure to confirm ANDRADA MINING's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if ANDRADA MINING LTD performance from the past will be repeated in the future.
Auto-correlation | -0.46 |
Modest reverse predictability
ANDRADA MINING LTD has modest reverse predictability. Overlapping area represents the amount of predictability between ANDRADA MINING time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 ANDRADA MINING LTD price movement. The serial correlation of -0.46 indicates that about 46.0% of current ANDRADA MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ANDRADA MINING LTD lagged returns against current returns
Autocorrelation, which is ANDRADA MINING 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 ANDRADA MINING's stock expected returns. We can calculate the autocorrelation of ANDRADA MINING returns to help us make a trade decision. For example, suppose you find that ANDRADA MINING 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 |
ANDRADA MINING 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 ANDRADA MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANDRADA MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANDRADA MINING stock over time.
Current vs Lagged Prices |
| Timeline |
ANDRADA MINING Lagged Returns
When evaluating ANDRADA MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANDRADA MINING stock have on its future price. ANDRADA MINING 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, ANDRADA MINING autocorrelation shows the relationship between ANDRADA MINING stock current value and its past values and can show if there is a momentum factor associated with investing in ANDRADA MINING LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ANDRADA Stock
ANDRADA MINING financial ratios help investors to determine whether ANDRADA 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 ANDRADA with respect to the benefits of owning ANDRADA MINING security.