Abrasilver Resource Corp Stock Market Value
| ABRA Stock | CAD 2.76 0.11 4.15% |
| Symbol | AbraSilver |
AbraSilver Resource Corp Price To Book Ratio
AbraSilver Resource '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 AbraSilver Resource'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 AbraSilver Resource.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in AbraSilver Resource on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding AbraSilver Resource Corp or generate 0.0% return on investment in AbraSilver Resource over 30 days. AbraSilver Resource is related to or competes with Defiance Silver, Santacruz Silv, Guanajuato Silver, Aftermath Silver, and Southern Silver. AbraSilver Resource Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mi... More
AbraSilver Resource 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 AbraSilver Resource'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 AbraSilver Resource Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.0092 | |||
| Maximum Drawdown | 15.45 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 5.86 |
AbraSilver Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AbraSilver Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AbraSilver Resource's standard deviation. In reality, there are many statistical measures that can use AbraSilver Resource historical prices to predict the future AbraSilver Resource's volatility.| Risk Adjusted Performance | 0.0428 | |||
| Jensen Alpha | 0.3162 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | (0.11) |
AbraSilver Resource Corp Backtested Returns
AbraSilver Resource appears to be very risky, given 3 months investment horizon. AbraSilver Resource Corp secures Sharpe Ratio (or Efficiency) of 0.0788, which signifies that the company had a 0.0788% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AbraSilver Resource Corp, which you can use to evaluate the volatility of the firm. Please makes use of AbraSilver Resource's Mean Deviation of 2.83, downside deviation of 3.81, and Risk Adjusted Performance of 0.0428 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AbraSilver Resource holds a performance score of 6. The firm shows a Beta (market volatility) of -1.35, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AbraSilver Resource are expected to decrease by larger amounts. On the other hand, during market turmoil, AbraSilver Resource is expected to outperform it. Please check AbraSilver Resource's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether AbraSilver Resource's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
AbraSilver Resource Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between AbraSilver Resource time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 AbraSilver Resource Corp price movement. The serial correlation of -0.13 indicates that less than 13.0% of current AbraSilver Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AbraSilver Resource Corp lagged returns against current returns
Autocorrelation, which is AbraSilver Resource 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 AbraSilver Resource's stock expected returns. We can calculate the autocorrelation of AbraSilver Resource returns to help us make a trade decision. For example, suppose you find that AbraSilver Resource 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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AbraSilver Resource 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 AbraSilver Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AbraSilver Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AbraSilver Resource stock over time.
Current vs Lagged Prices |
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AbraSilver Resource Lagged Returns
When evaluating AbraSilver Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AbraSilver Resource stock have on its future price. AbraSilver Resource 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, AbraSilver Resource autocorrelation shows the relationship between AbraSilver Resource stock current value and its past values and can show if there is a momentum factor associated with investing in AbraSilver Resource Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for AbraSilver Stock Analysis
When running AbraSilver Resource's price analysis, check to measure AbraSilver Resource'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 AbraSilver Resource is operating at the current time. Most of AbraSilver Resource's value examination focuses on studying past and present price action to predict the probability of AbraSilver Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AbraSilver Resource's price. Additionally, you may evaluate how the addition of AbraSilver Resource to your portfolios can decrease your overall portfolio volatility.