Asiabasemetals Stock Market Value
| ABZ Stock | CAD 0.09 0.01 6.25% |
| Symbol | Asiabasemetals |
Asiabasemetals Price To Book Ratio
Asiabasemetals '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 Asiabasemetals' 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 Asiabasemetals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Asiabasemetals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Asiabasemetals or generate 0.0% return on investment in Asiabasemetals over 30 days. Asiabasemetals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. AsiaBaseMetals Inc. engages in the exploration and development of metals in Canada More
Asiabasemetals 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 Asiabasemetals' 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 Asiabasemetals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 41.43 | |||
| Value At Risk | (5.26) |
Asiabasemetals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asiabasemetals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asiabasemetals' standard deviation. In reality, there are many statistical measures that can use Asiabasemetals historical prices to predict the future Asiabasemetals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.9525 |
Asiabasemetals Backtested Returns
Asiabasemetals secures Sharpe Ratio (or Efficiency) of -0.001, which signifies that the company had a -0.001% return per unit of risk over the last 3 months. Asiabasemetals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asiabasemetals' Mean Deviation of 1.94, standard deviation of 5.65, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asiabasemetals are expected to decrease at a much lower rate. During the bear market, Asiabasemetals is likely to outperform the market. At this point, Asiabasemetals has a negative expected return of -0.006%. Please make sure to confirm Asiabasemetals' jensen alpha, as well as the relationship between the kurtosis and day typical price , to decide if Asiabasemetals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Asiabasemetals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Asiabasemetals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Asiabasemetals price movement. The serial correlation of -0.17 indicates that over 17.0% of current Asiabasemetals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asiabasemetals lagged returns against current returns
Autocorrelation, which is Asiabasemetals 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 Asiabasemetals' stock expected returns. We can calculate the autocorrelation of Asiabasemetals returns to help us make a trade decision. For example, suppose you find that Asiabasemetals 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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Asiabasemetals 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 Asiabasemetals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asiabasemetals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asiabasemetals stock over time.
Current vs Lagged Prices |
| Timeline |
Asiabasemetals Lagged Returns
When evaluating Asiabasemetals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asiabasemetals stock have on its future price. Asiabasemetals 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, Asiabasemetals autocorrelation shows the relationship between Asiabasemetals stock current value and its past values and can show if there is a momentum factor associated with investing in Asiabasemetals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Asiabasemetals Stock Analysis
When running Asiabasemetals' price analysis, check to measure Asiabasemetals' 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 Asiabasemetals is operating at the current time. Most of Asiabasemetals' value examination focuses on studying past and present price action to predict the probability of Asiabasemetals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asiabasemetals' price. Additionally, you may evaluate how the addition of Asiabasemetals to your portfolios can decrease your overall portfolio volatility.