Abcourt Mines Stock Market Value
| ABI Stock | CAD 0.05 0.00 0.00% |
| Symbol | Abcourt |
Abcourt Mines Price To Book Ratio
Abcourt Mines '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 Abcourt Mines' 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 Abcourt Mines.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Abcourt Mines on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Abcourt Mines or generate 0.0% return on investment in Abcourt Mines over 720 days. Abcourt Mines is related to or competes with First Majestic, and Ivanhoe Energy. Abcourt Mines Inc. engages in the acquisition, exploration, evaluation, and exploitation of gold properties in Canada More
Abcourt Mines 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 Abcourt Mines' 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 Abcourt Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.72 | |||
| Information Ratio | 0.0293 | |||
| Maximum Drawdown | 41.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Abcourt Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abcourt Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abcourt Mines' standard deviation. In reality, there are many statistical measures that can use Abcourt Mines historical prices to predict the future Abcourt Mines' volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.2842 | |||
| Total Risk Alpha | (1.01) | |||
| Sortino Ratio | 0.0148 | |||
| Treynor Ratio | 0.4681 |
Abcourt Mines Backtested Returns
Abcourt Mines appears to be out of control, given 3 months investment horizon. Abcourt Mines secures Sharpe Ratio (or Efficiency) of 0.045, which signifies that the company had a 0.045% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Abcourt Mines, which you can use to evaluate the volatility of the firm. Please makes use of Abcourt Mines' risk adjusted performance of 0.0425, and Mean Deviation of 4.67 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Abcourt Mines holds a performance score of 3. The firm shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Abcourt Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Abcourt Mines is expected to be smaller as well. Please check Abcourt Mines' semi deviation, sortino ratio, semi variance, as well as the relationship between the information ratio and value at risk , to make a quick decision on whether Abcourt Mines' price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Abcourt Mines has very weak reverse predictability. Overlapping area represents the amount of predictability between Abcourt Mines time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Abcourt Mines price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Abcourt Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Abcourt Mines lagged returns against current returns
Autocorrelation, which is Abcourt Mines 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 Abcourt Mines' stock expected returns. We can calculate the autocorrelation of Abcourt Mines returns to help us make a trade decision. For example, suppose you find that Abcourt Mines 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 |
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Abcourt Mines 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 Abcourt Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abcourt Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abcourt Mines stock over time.
Current vs Lagged Prices |
| Timeline |
Abcourt Mines Lagged Returns
When evaluating Abcourt Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abcourt Mines stock have on its future price. Abcourt Mines 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, Abcourt Mines autocorrelation shows the relationship between Abcourt Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Abcourt Mines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Abcourt Stock Analysis
When running Abcourt Mines' price analysis, check to measure Abcourt Mines' 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 Abcourt Mines is operating at the current time. Most of Abcourt Mines' value examination focuses on studying past and present price action to predict the probability of Abcourt Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abcourt Mines' price. Additionally, you may evaluate how the addition of Abcourt Mines to your portfolios can decrease your overall portfolio volatility.