Almadex Minerals Stock Market Value
| AAMMF Stock | USD 0.14 0.02 16.67% |
| Symbol | Almadex |
Almadex Minerals '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 Almadex Minerals' pink sheet 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 Almadex Minerals.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Almadex Minerals on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Almadex Minerals or generate 0.0% return on investment in Almadex Minerals over 540 days. Almadex Minerals is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Almadex Minerals Ltd. engages in the acquisition and exploration of mineral resource properties More
Almadex Minerals 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 Almadex Minerals' pink sheet 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 Almadex Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.01 | |||
| Information Ratio | 0.0067 | |||
| Maximum Drawdown | 39.61 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 14.29 |
Almadex Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almadex Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almadex Minerals' standard deviation. In reality, there are many statistical measures that can use Almadex Minerals historical prices to predict the future Almadex Minerals' volatility.| Risk Adjusted Performance | 0.0279 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (1.09) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | 0.1164 |
Almadex Minerals Backtested Returns
At this point, Almadex Minerals is out of control. Almadex Minerals secures Sharpe Ratio (or Efficiency) of 0.0249, which signifies that the company had a 0.0249% return per unit of risk over the last 3 months. We have found thirty technical indicators for Almadex Minerals, which you can use to evaluate the volatility of the firm. Please confirm Almadex Minerals' Downside Deviation of 12.01, mean deviation of 4.55, and Risk Adjusted Performance of 0.0279 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Almadex Minerals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.53, 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, Almadex Minerals will likely underperform. Almadex Minerals right now shows a risk of 7.67%. Please confirm Almadex Minerals total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Almadex Minerals will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Almadex Minerals has very weak predictability. Overlapping area represents the amount of predictability between Almadex Minerals time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Almadex Minerals price movement. The serial correlation of 0.19 indicates that over 19.0% of current Almadex Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Almadex Minerals lagged returns against current returns
Autocorrelation, which is Almadex Minerals pink sheet'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 Almadex Minerals' pink sheet expected returns. We can calculate the autocorrelation of Almadex Minerals returns to help us make a trade decision. For example, suppose you find that Almadex Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Almadex Minerals 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 Almadex Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almadex Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almadex Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Almadex Minerals Lagged Returns
When evaluating Almadex Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almadex Minerals pink sheet have on its future price. Almadex Minerals 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, Almadex Minerals autocorrelation shows the relationship between Almadex Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Almadex Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Almadex Pink Sheet
Almadex Minerals financial ratios help investors to determine whether Almadex Pink Sheet 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 Almadex with respect to the benefits of owning Almadex Minerals security.